Market highlights

1 Sembcorp Industries' unit, Sembcorp Utilities, has subscribed to the entire rights issuance by Sembcorp Green Infra for about $12 million, to fund the company's growth in the renewable sector in India.

2 International Monetary Fund researchers say the benefits from cheap oil may not materialise until demand in the global economy picks up and central banks move away from near-zero interest rates.

3 Mitsubishi Corp expects to book an impairment charge of 430 billion yen (S$5.2 billion), primarily on its metals and energy businesses, to reflect the drop in commodity prices. This will lead to the first annual loss for the group.

4 Global Yellow Pages has filed a writ of summons against Leisure Empire relating to a counter-guarantee given by the latter over a debt indemnity for a loan by Singapura Finance.

5 Singapore eDevelopment says some builders of a property project it is spearheading in Houston, in the United States, have backed out. As a result, the number of lots pre-sold has been reduced from 61 per cent to 16 per cent.

A version of this article appeared in the print edition of The Straits Times on March 25, 2016, with the headline 'Market highlights'. Print Edition | Subscribe