Market Highlights
- Singapore benchmark Straits Times Index (STI) opened at 2,754.35 points, down 1.35 per cent or 37.57 points.
- Asian stocks fell to the lowest since 2012 on China concerns & Wall St drop.
- Asian futures are signalling more losses as markets roiled also bonds climb.
- Ezra Holdings disclosed that DNB Bank ASA, has bought a 7.04 per cent stake in it for S$24.84 million.
- Croesus Retail Trust will buy Torius Property, a suburban retail mall in Fukuoka, Japan, comprising 36 buildings, for about eight billion yen.
- Commodity giant Glencore, fell 29 per cent in London.
- Noble Group shares fell by 15% on global commodity woes.
- Huationg has won new civil engineering contracts worth S$81.3m.
- Olam is planning to double African coffee estates.
- Singapore's completed condo prices have dropped by 0.6% in August.
- Ng Kok Siong of Singbridge will take over as CEO of Guangzhou Knowledge City
- Upward pressure on Singapore wages will be there in 2015 due to skills shortages for highly-skilled candidates and government policy to encourage the hiring of locals for middle-income jobs.
- There are mixed messages from Fed officials as they go public in force. However, Fed's Official Dudley said US is on track for 2015 interest-rate rise.
- Commodity traders faced higher costs under new European rules.
- China's bond market is 'overheating' after stocks.
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