Morning business news round-up for Aug 18, 2014

Non-oil domestic exports slid 3.3 per cent over the previous year, after falling 4.6 per cent in June and 6.6 per cent in May. -- PHOTO: ST FILE
Non-oil domestic exports slid 3.3 per cent over the previous year, after falling 4.6 per cent in June and 6.6 per cent in May. -- PHOTO: ST FILE

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

1. Singapore exports slide in July for third straight month. Non-oil domestic exports slid 3.3 per cent over the previous year, after falling 4.6 per cent in June and 6.6 per cent in May.

2. OCBC to raise $3.37b in rights issue to boost capital. The bank will sell 440 million shares at $7.65 a share, a 25 per cent discount to its last share price of $10.20 on Friday, it said in a statement.

3. Two housing sites to be released for sale by Government. Together, the sites in Ang Mo Kio and Sembawang can yield 900 homes.