Market Highlights
- Singapore benchmark Straits Times Index (STI) opened lower at 2,828.07 points, down 4.57 points or 0.16 per cent, ahead of data on China industrial profits.
- Asian shares held back by insipid Wall St while dollar consolidates.
- Frasers Hospitality, is in talks with funds to buy assets in Europe.
- Sunright has reported a increase in net profit to S$3.1 million for its full year ended July 31, 2015.
- CMC Infocomm Ltd won S$4 million worth of contracts from Singapore telcos.
- Vard Holdings has secured new contracts worth over US$100 million for the designing and construction of two offshore sub-sea construction vessels for Dubai-based Topaz Energy and Marine.
- Oil prices fell down on slowing global economic growth outlook.
- China's August industrial profits have fallen 8.8% year on year.
- Greek's finance minister is confident of returning to growth.
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