Market highlights

1. Swiss bank Julius Baer may pass on negative interest rates for euro deposits to customers, finance chief Dieter Enkelmann said. Institutional clients could be first then perhaps private customers, Reuters reported.


2. KFit, a gym membership app backed by Sequoia Capital, has raised US$12 million (S$17 million). Kuala Lumpur-based KFit gives members access to third-party gyms in eight regional nations including Singapore.


3. Singapore Technologies Aerospace completed the investment of an additional 20 per cent equity interest in Germany's Elbe Flugzeugwerke. It now owns 55 per cent, with Airbus Defence and Space holding the remainder.


4. Viva Industrial Trust has secured transferable loan facilities of up to $330 million from banks, including Standard Chartered Bank and BNP Paribas.


5. QT Vascular says bondholder Kenneth B. Landis has exercised his rights to convert bonds with an aggregate principal value of US$350,000 (S$498,000) into about 3.77 million new ordinary shares.

A version of this article appeared in the print edition of The Straits Times on February 02, 2016, with the headline 'Market highlights'. Print Edition | Subscribe