Market Round-Up: What did you miss?
A quick look at all the market moving events and big financial news of the day. From mm2 Asia's film production to Keppel Offshore & Marine's Indonesian deal, get your daily dose of all the latest in the world of business right here.
- Singapore stocks closed lower for a second session on Thursday, dragged by financials such as OCBC and as geopolitical tensions over North Korea's nuclear and missile programme continued to cast a shadow.
- Shares in Singapore's largest taxi company, ComfortDelGro lost 1 percent, its third day of falls. The stock has been hammered after rival Grab launched what it calls "huge rental discounts" to woo its customers.
- Keppel Corp shares fell 0.3 percent. Its unit Keppel Offshore & Marine said it has entered into a deal with Pavilion Energy and Indonesia's state-owned electricity provider PT Perusahaan Listrik Negara to distribute liquefied natural gas to remote areas in west Indonesia.
- Investment holding company CITIC Envirotech said it will acquire 60 percent stake in environmental and utility firm CITIC Qingyuan for 378 million yuan (S$78.3 million). The stock was rose 2 percent.