MARKET UPDATES :
- SINGAPORE shares ended 0.26 per cent lower on Wednesday with the Straits Times Index slipping 8.44 points to 3,283.71. Some 99.9 million shares, valued at S$1.02 billion were traded. Gainers numbered 195 while losers numbered 219.
- SINGAPORE share prices opened flat on Wednesday with the Straits Times Index up 0.63 points to 3,292.78 in early trade. Volume was 78.4 million shares worth S$108.5 million. Gainers outnumbered losers 91 to 65.
- THE OW Bunker fraud case that hit Singapore’s bunkering industry last week may not have caused major disruptions to fuel supply in ports here, but the financial fallout may yet unsettle the industry as companies start making their credit claims. Already, at least two oil traders are said to be filing legal claims.
- A JOINT venture formed by companies linked to China’s state-owned conglomerate Citic Group and American private equity firm KKR has made an offer to acquire at least a majority stake in Singapore- listed United Envirotech Ltd (UEL) at S$1.65 a share.
- THIS year’s Apec Summit in Beijing has delivered major outcomes, in particular a road map towards a trade liberalization framework called the Free Trade Area of the Asia Pacific (FTAAP) and a connectivity blueprint that provides the prerequisite for regional economic integration,
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