Thursday, 27 August 2015

Singapore News Highlights - 27th August 15


  • Singapore market opened 1.43 per cent or 41.20 points higher at 2,914.20, due to possible US Federal Reserve delay in interest rate hike.
  • STI up more than 2%.
  • Hupsteel & Union Steel swings down for Q4, full-year.
  • IEV unit has filed writ against Indonesian company.
  • GuocoLand Q4 profit down by 42%.
  • Imperium Crown's net profit has gone up by S$11.98m for year ended June.
  • Guocoland reported a 42 per cent break in net profit for the fourth quarter ended June 30, 2015, to S$107.31 million.
  • Union Steel Holdings fourth-quarter results down with a net loss of S$8.4 million.
  • Hupsteel had a net loss of S$9.3 million for the fourth quarter, due to an inventory write-down, a goodwill write-off and provision for doubtful debts.
  • Asian stocks are up as Wall Street rally calms markets, & dollar surges.
  • Dollar gains due to Wall St rebounds from 6-day rout.
  • China interbank liquidity crunch has eased, but relief may be fleeting.
  • Greece's Tsipras rules out at forming national unity government.
  • Oil went down after mixed US petroleum supply report.
  • Gold has started struggling as equities recover after China rate cut.

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