Money Matters: Morning business news round-up for April 9, 2014

HDB flats in Toh Yi estate. Money Matters: Catch up on the morning's top business headlines with The Straits Times Money Desk's daily update. -- ST FILE PHOTO: CAROLINE CHIA
HDB flats in Toh Yi estate. Money Matters: Catch up on the morning's top business headlines with The Straits Times Money Desk's daily update. -- ST FILE PHOTO: CAROLINE CHIA

Catch up on the morning's top business headlines with The Straits Times Money Desk's daily update.

1. Resale transactions of non-landed private homes shot up in March, sending prices slightly higher. But rents fell to their lowest level since December 2011, due to a greater supply of homes for lease.

2. Two Singapore telcos launched schemes for start-ups. SingTel and its Asian associates have set up Innov8 Sparks to help start-ups expand in the region, while StarHub has introduced a crowdfunding platform for new companies to raise awareness about their products.

3. Australian shares jumped to a 5-1/2 year high. Department store operator David Jones rocketed after agreeing to a takeover offer from Woolworths Holdings that valued the company at around A$2.15 billion (S$2.5 billion), triggering a buying frenzy in the retail sector.

Money Matters is The Straits Times Money Desk's new series of online business news exclusives.