Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From Fragrance Group's acquisition to SATS technological innovation, 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 stocks edged higher on Tuesday, after data showed factory activity in August rose at the fastest pace in nearly three years but the escalating geopolitical tensions kept many investors on edge.
  • The Straits Times Index gained 0.63 percent or 20 points to end at 3,251.
  • Shares in Singapore's largest taxi company, ComfortDelGro fell 2 percent after rival Grab launched what it calls "huge rental discounts" to woo its customers.
  • Property developer Fragrance Group said it has acquired the 300-year hold Crown Hotel in United Kingdom for 7.2 million sterling. Its shares fell 1.9 percent.
  • Mushroom production company Yamada Green Resources said it has applied for an extension of time to release fiscal results and to hold its annual genenal meeting following a fire accident. The stock was unchanged.
  • Singapore-listed EMAS Offshore, a unit of Ezra Holdings, said it has found potential investors who have agreed to pump-in US$50 million in the beleaguered firm.
  • SATS said it would introduce augmented reality (AR) smart glasses in its ramp handling operations as the in-flight catering service provider gears up to handle increasing passenger demand and beat competition.