Morning business news round-up for July 2, 2014

A man is reflected on an electronic board outside a brokerage in Tokyo on June 25, 2014. -- PHOTO: REUTERS
A man is reflected on an electronic board outside a brokerage in Tokyo on June 25, 2014. -- PHOTO: REUTERS

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

1. Goodman Fielder accepts reduced Wilmar, First Pacific offer. It said it had a deed of implementation that would see Singapore-based Wilmar International and Hong Kong investor First Pacific Co offer A$0.675 a share, valuing the company at A$1.32 billion (S$1.56 billion).

2. More guidance needed on governance for group companies: study. For Singapore companies, group entities contributed an average of 42 per cent of total profit for the latest financial year, above Australian firms' share at 39 per cent but below Malaysian companies' share at 45 per cent.

3. Asia shares up on Wall St record, dollar slips against pound. Investors are also keeping an eye on the release later in the week of closely watched US jobs figures that will provide fresh clues about the strength of the recovery in the world's number one economy.