Singapore shares are likely to fall on Wednesday after both Tokyo and Seoul stocks opened lower on fresh concerns about slowing global growth and fears that Greece may not meet its deadline for debt restructuring.
Singapore budget carrier Tiger Airways Holdings may be in focus after announcing its Australian subsidiary had received approval from the Civil Aviation Safety Authority of Australia to operate a maximum of 64 sectors per day from October 2012.
Singapore budget carrier Tiger Airways Holdings may be in focus after announcing its Australian subsidiary had received approval from the Civil Aviation Safety Authority of Australia to operate a maximum of 64 sectors per day from October 2012.
Singapore’s benchmark Straits Times Index fell 2% on Tuesday to 2,932.01 points. Here are some stocks and factors to watch:
Noble Group will vote all its shares in Australia’s Gloucester Coal in favour of a merger with Yancoal Australia and will get A$412 million ($555 million) under the deal terms.
Ezion Holdings said on Wednesday it had secured a charter contract worth around US$65.7 million ($83.1 million) over a four-year period to provide a liftboat to support a state-linked power generation enterprise in China.
Pacific Andes said on Tuesday it plans to do a rights issue of up to 1.676 billion rights shares at $0.14 each, on the basis of one rights share for every two existing ordinary shares.
OCBC said on Wednesday it had priced $1 billion of fixed rate senior bonds due March 13, 2015. The bonds will bear interest at a rate of 1.625% per annum, the bank said.
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