Oil holds losses near one-week low after surprise stockpile gain

Oil held losses near the lowest close in a week as US crude stockpiles unexpectedly increased, keeping supplies at the highest in at least three decades with the peak summer demand period approaching its end.Futures were...

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Stocks to watch: Singtel, Epicentre, Sin Heng Heavy Machinery

SINGAPORE Telecommunications (Singtel): The telco said on Thursday it plans to buy a 21 per cent stake in Intouch Holdings PCL and a 7.39 per cent stake in Bharti Telecom from Temasek for S$2.47 billion in cash.It said...

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U.S. stocks post modest weekly gains; Nasdaq hits record

The S&P 500 and Dow industrials pared most of the losses to finish slightly lower Friday, limiting the main benchmarks’ weekly gains, as weakness in shares of mining and chemical companies weighed on the indexes. The...

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Singapore shares open lower on Thursday; STI sheds 0.7%

SINGAPORE shares opened lower on Thursday, with the Straits Times Index (STI) shedding 0.7 per cent or 20.48 points to 2,921.01 as at 9.03am.Losers outnumbered gainers 83 to 42, or about two to one, after 98.9 million...

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DBS Group Holdings posts better than expected earnings of $1.12 bil, up 15% on year

DBS Group Holdings posted a 15% rise in earnings to $1.12 billion for the 2Q15 ended June. This beats Bloomberg’s consensus earnings estimate of $1.057 billion as well as highest forecast of $1.11 billion from analysts polled. Second-quarter net profit was 1% below the record earnings in the previous quarter. In 2Q15, total income grew 16% to $2.69...

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