27 Aug 2015

Singapore Stock Market & Financial News Highlights for 27 Aug


 

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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