Morning business news round-up for April 17, 2014

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

1. Singapore exports drop 6.6 per cent in March, more than expected. Both electronic and non-electronic shipments declined, as did demand from eight of Singapore's top 10 markets.

2. Offshore marine firm POSH may raise $388m in Singapore IPO: sources. Underwriters have recommended POSH to price the deal at $1.15 a share against an indicative price range of $1.13 to $1.24 a share, the sources said.

3. Wall St ends higher after Yellen's comments. US stocks rose 1 per cent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low.