Market Round-Up: What did you miss? 16 August, 2017

A quick look at all the market moving events and big financial news of the day. From Noble Group share plunge to Creative Technology lawsuit victory, get your daily dose of all the latest in the world of business right here.

  • Singapore shares fell for a second session on Wednesday, dragged lower by lenders such as DBS Group and United Overseas Bank.
  • The Straits Times Index lost 0.61 percent or 20 points to end at 3,274.
  • Noble Group fell as much as 4.3 percent after S&P Global Ratings and Moody's Investors Service again cut their ratings by two notches, pulling them deeper into junk territory and closer to the likelihood of default.
  • Shares of Best World International fell 0.8 percent on news of China's crackdown on pyramid schemes.
  • Singapore-based electronics firm Creative Technology said it won a lawsuit against Chinese tech company Huawei, with the latter paying S$36 million in damages.

This article was first published on August 16, 2017
Related topics : Huawei