Market highlights

1 Facebook has said it would stop booking sales to British clients via Ireland, a practice which reduced its taxes, following the British government's introduction of a new tax on profits shifted offshore.

2 Daimler's sales of its Mercedes-Benz passenger cars rose 11.2 per cent in February to 133,752 vehicles, the most it ever sold that month, the carmaker said yesterday.

3 Foxconn Technology and Sharp are aiming to sign their US$6 billion (S$8.3 billion) takeover agreement as early as Monday after deciding the deal will not require major changes, Bloomberg yesterday reported sources as saying.

4 Gold hit its highest in more than a year yesterday, extending the previous day's 2 per cent rally. Spot gold was up 0.7 per cent at US$1,271.88 an ounce.

5 China intervened to support its stock market yesterday, helping the benchmark index cap its best weekly gain of 2016, Bloomberg reported, citing two people with direct knowledge of the situation.

A version of this article appeared in the print edition of The Straits Times on March 05, 2016, with the headline '1 2 3 4 5 Market highlights'. Print Edition | Subscribe