DBS Group Holdings said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans.» Read More
Commodity trader Noble Group also dropped 2.3 percent to S $1.29 and Olam lost 1.5 percent at S $2.01, as data showed China's economy is likely to head for a seventh straight quarter of slowdown. 11:52 STOCKS NEWS SINGAPORE- DBS upgrades Singapore Exchange to' hold'.
SINGAPORE, Oct 3- Gains in prices of iron ore forward swaps this week suggest spot rates could rebound when top consumer China returns next week after a holiday. ended the third quarter down more than 22 percent, its biggest three-month loss ever, as an economic slowdown in China slashed the country's appetite for the steelmaking raw material.
DBS Vickers upgraded Singapore Exchange Ltd to' hold' from' fully valued' and raised its target price to S $7.25 from S $5.40, citing a gradual pick-up in the bourse's volumes and values. 10:50 STOCKS NEWS SINGAPORE- Japan, China dispute to hurt SATS profits- UOB.
*Nifty futures on the Singapore Exchange. *Markets in China and South Korea are closed for holidays on Wednesday. *The Asian Development Bank cut most of its 2012 and 2013 growth estimates for developing Asia on Wednesday as a slump in global demand weighs on the region's powerhouses China and India and on its export-dependent economies.
SE ASIA STOCKS-Most weak in light volume, Malaysia outperforms STOCKS TO WATCH-- SINGAPORE AIRLINES LTD, TIGER AIRWAYS HOLDINGS LTD. -Singapore Airlines' budget unit, Scoot, and Tiger Airways have signed a partnership agreement and will offer some joint itineraries.
After a week of extreme volatility, investors across the world are left wondering whether there is more selling to come or if now’s the time to find some bargains. With MSCI World Index down 14 percent in just the last two weeks, some investors have decided to throw in the towel and stay on the sidelines for now.