Markets highlights

1 New home building in the United States fell about 3 per cent last month - more than expected - indicating the country's real estate recovery will take time.

About 1.13 million new homes began construction, down from 1.16 million in July.


Initial jobless claims in the United States declined last week to the lowest level in two months, reflecting a resilient labour market. Applications for unemployment benefits fell by 11,000 to 264,000 in the week ended Sept 12.


3 Frasers Property Australia, a unit of Frasers Centrepoint, has secured over A$275 million (S$276 million) worth of new projects in the past 12 months, the firm said yesterday.

Its total commercial and industrial portfolio is valued at about A$2.4 billion.


4 Soilbuild Construction is making its maiden foray into civil works building, winning a $39.7 million contract from the Land Transport Authority to build covered linkways to Downtown Line 3 and Tuas West Extension stations.


5 TTJ has secured $16 million worth of contracts in Singapore and Malaysia. It will build structural steelworks for a liquefied natural gas project in Pengerang, Johor, and provide civil defence doors for MRT stations on the Thomson Line here.

A version of this article appeared in the print edition of The Straits Times on September 18, 2015, with the headline 'Markets highlights'. Print Edition | Subscribe