- Ezra hits over 2-year high on deal talk; Singapore index flat
- HPH Trust slumps, weighs on Singapore index
- Dec 5: Keppel, SGX, CDL Hospitality Trusts
- Dec 5: Singapore’s PMI expands, SGX
- Dec 6: FJ Benjamin, Rex International
- Singapore shares ease ahead of key US data
- SGX and HKEx to cooperate on RMB internationalisation and connectivity
- Rex International unit to acquire 20% stake in new licence in Norway
- Swissco orders 3 more vessels for $35 mil in total
- FJ Benjamin to open 9 Raoul stores in the Middle East in franchise deal
- EUR/USD, USD/JPY Performance Charts as at 12:00p.m. Singapore time, 5/12/2013
The Daily Edge
Singapore shares softened on Friday, headed for their biggest weekly loss in two months, as investors awaited a key US job market report due later in the day that is expected to indicate how soon the Federal Reserve would scale back its monetary stimulus.
Shares in Singapore ended 1.15% lower on Thursday, in line with regional bourses, on concerns over the possible reduction in the US Federal Reserve’s stimulus measures. The Straits Times Index fell 36.32 points to end at 3,124.38. Here are some stocks and factors that could affect the market this Friday morning:
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Rex International Holding says its 65% indirectly owned jointly controlled entity, Lime Petroleum Norway AS, has on Dec 3, signed an additional agreement with North Energy ASA to acquire a 20% stake in a new licence in Norway, PL509. PL509 contains oil prospects in areas totalling some 977 square kilometres which are located in the North Sea, south of the Gullfaks area and about 150 kilometres...
FJ Benjamin, the purveyor of luxury fashion brands, says Raoul, its in-house international fashion label, has signed yet another franchise deal, this time in the vibrant Middle East market with the Chalhoub Group, the leading partner for luxury across the Middle East. The franchise agreement, signed with CGR FZE, part of the Chalhoub Group, in November 2013 will see 9 standalone Raoul stores open...
TWO DEVELOPMENTS HAVE brought the focus back on China’s impact on Asia. The country has released more details of the groundbreaking reforms agreed upon at the Chinese Communist Party (CCP)’s Third Plenum, suggesting that the Chinese economy is on the verge of a major transformation. And,...
ELEPHANTS CANNOT GALLOP, but the evidence seems to show that some elephants can innovate remarkably quickly. The US prides itself on fostering a climate of individual innovation. It is less successful with innovation of a larger scale, particularly at the political level. The deadlocks on debt ceilings,...
SHARES OF LOGISTICS solutions provider CWT have lost almost a third of their value in the past six months, battered by declining earnings and volatility in the commodities markets. For the nine months to Sept 30, CWT had reported a 25% yoy drop in its earnings to $64 million despite registering revenues...
IT’S THE FIGHT that has been dubbed by the media as “the battle of the chequebooks”, as British broadcasters BT and Sky continue to vie for football broadcasting rights in the UK. Earlier this month, BT, the new kid on the block in sports broadcasting, took a mighty swipe at Rupert...
THE THIRD PLENUM in Beijing closed with a whimper but ended with a bang. The closing statements at the conclusion of the plenum seemed to offer little in the way of the widely expected political reforms. Expectations were high and they were dashed. There were references to ongoing committee work in some...