JAKARTA (REUTERS) - Shares in Bank Danamon Indonesia Tbk PT dropped as much as 5 per cent on Wednesday, pressed down by uncertainty over whether Singapore's DBS Group Holdings Ltd will be able to purchase a majority stake in the Indonesian lender.
SINGAPORE (REUTERS) - Singapore's inflation probably eased to a near three-year low in April as government measures to rein in car prices took effect, giving authorities more flexibility to deal with an economy that is struggling to grow.
TEMASEK Holdings confirmed two new deals on Wednesday morning: the acquisition of a stake in Markit, a global financial information services company, and an increase in its holding in the Industrial & Commercial Bank of China (ICBC).
TOKYO (AP) - Japan's trade deficit widened to a larger-than-expected 879.9 billion yen (S$10.8 billion) in April as its weakening currency accentuated surging import costs.
Singapore shares opened higher on Wednesday, with the benchmark Straits Times Index at 3,460.57, up 0.48 per cent, or 16.67 points.