Markets highlights

1. Oil prices edged up as US stocks fell but worries over China's economy still hang over prices. West Texas Intermediate and Brent oil have lost over a quarter of their value since May, Reuters has calculated.


2. The yuan impact on the ringgit is now a new factor investors will have to take into account. However, some analysts are optimistic that most of the ringgit's fall has already taken place as Malaysia released better-than-expected growth figures yesterday.


3. SGX-listed China Great Land warned that it will record a loss for the six months to June 30. It blamed the red ink on falling revenue stemming from the tightening policies imposed by the Chinese government on the property market to curb speculation.


4. Longcheer Holdings disclosed yesterday that there was an accident on July 29 at one of its properties. The annex to the building at Longcheer Science & Technology Park, Xi'an City, collapsed. The annex was vacant and no one was injured.


5. Greece surprisingly recorded a growth rate of 0.8 per cent in the second quarter, rather than a contraction as expected. The latest Greek bailout package is still in the works.

A version of this article appeared in the print edition of The Straits Times on August 14, 2015, with the headline '1 2 3 4 5 Markets highlights'. Print Edition | Subscribe