Australia rejected the $2.55 billion takeover of GrainCorp by Archer Daniels Midland, bowing to pressure from grain growers.» Read More
SINGAPORE, Oct 4- Prices for iron ore forward swaps rose on Thursday, extending gains from late last week, as buyers banked on expectations for a rebound in spot iron ore prices when top consumer China returns next week from a holiday. traded at $111 a tonne, said a Hong Kong- based trader, up 2 percent from Wednesday's close of $108.75.
*Nifty futures on Singapore Exchange. *India's cabinet is set approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors, a minister told reporters on Wednesday.
SINGAPORE, Oct 4- Singapore will allow companies to issue different classes of shares, its Finance Ministry said, a move that may in time help its stock exchange win new listings.
SINGAPORE, Oct 3- Singapore will allow companies to issue different classes of shares to help its stock exchange to compete for new listings and the country to maintain its competitiveness as a financial centre.
Demand for office space in Singapore in the third quarter of 2012 was supported by companies beyond the financial services sector, with most taking up Grade A office space below 20,000 square feet, said property consultant Colliers International.
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.
Vasu Menon, Vice President, Wealth Management Singapore at OCBC Bank says that current rental income is supporting Singapore's commercial property REITs.
Sutat Chew, Executive VP at Singapore Exchange, says the stock market has been extremely resilient despite the challenges faced in June. He adds that post-IPO performances matter more than the quantity of IPOs listing in Singapore.
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.