Market Round-Up: What did you miss? 17 August, 2017

A quick look at all the market moving events and big financial news of the day. From Keppel Corp's stake sale to Creative Technology's lawsuit victory, get your daily dose of all the latest in the world of business right here.

An electric display chart showing the afternoon trading trend of the blue chip Hang Seng Index is seen through a camera at a brokerage in Hong Kong, China. REUTERS
  • Singapore shares fell for a third session on Thursday, dragged lower by lenders and energy stocks such as United Overseas Bank and Keppel Corp.
  • The Straits Times Index lost 0.31 percent or 10 points to end at 3,268.
  • Keppel Corp signed an agreement to sell a stake in Golar Hilli LLC to a unit of Golar LNG Partners for US$658 million.
  • Electronics firm Creative Technology jumped 14 percent after it won a lawsuit against Chinese tech company Huawei, with the latter paying S$36 million in damages.
  • Singapore's credit profile reflects the city state's very high per-capita income, a diverse and competitive economy, strong fiscal metrics, and robust institutions, Moody's Investors Service said on Thursday.
  • The Monetary Authority of Singapore issued two prohibition orders against a former Oversea-Chinese Banking Corp trader for carrying out unauthorised share trades.

This article was first published on August 17, 2017
Related topics : Huawei