A$ slide would dent Singapore firms' profits

Battered by fears of slower China growth along with weak commodity prices, the Australian dollar slid dramatically against the Singapore dollar in September to lows not seen in more than five years, the Business Times reported.

Analysts expect one Australian dollar to trade around $1.10 or below in the next year, more than 6 per cent below $1.175 at the beginning of September and about 15% below the highs of $1.30 in the last few years.