Market highlights

1 Indonesian ride-hailing service Go-Jek has secured fresh funding of more than US$550 million (S$736 million) from KKR and other investors, giving it more ammunition in the battle for market share in the country of 250 million people.

2 The possibility of public support for an Italian bank should not be ruled out and the depth of the economic crisis the country experienced would warrant such measures, Bank of Italy governor Ignazio Visco said yesterday.

3 Royal Bank of Scotland yesterday reported wider first-half losses and £1.3 billion (S$2.3 billion) of new litigation charges. It also axed plans to turn its Williams & Glyn division into a stand-alone bank, as it prepares for post-Brexit shocks to the UK.

4 House prices in Britain fell by the most in five months after the country voted to quit the European Union. Prices dropped 1 per cent last month, the biggest slide since February, said mortgage dealer Halifax.

5 German factory orders fell unexpectedly in June. Orders were down 0.4 per cent from May, when they rose a revised 0.1 per cent, data from the Economy Ministry in Berlin showed yesterday.

A version of this article appeared in the print edition of The Straits Times on August 06, 2016, with the headline 'Market highlights'. Print Edition | Subscribe