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

1. GIC to invest over $321 million in Spanish property firm. Singapore's sovereign wealth fund GIC has agreed to pay more than 200 million euros (S$321.63 million) for a 30 per cent stake in unlisted Spanish real estate firm Gmp.

2. KrisEnergy seals Cambodia acquisition. Mainboard-listed KrisEnergy Ltd. has completed the acquisition of the entire issued and paid up share capital of Chevron Overseas Petroleum (Cambodia) Limited.

3. Asian markets sink following Wall Street. Asian stock markets fall after a heavy sell-off on Wall Street as a mixed bag of economic data raised concerns about the global economy, while the US dollar tumbled a day after breaking 110 yen for the first time in six years. Traders are now awaiting a European Central Bank (ECB) policy meeting later Thursday and the release of US jobs figures on Friday.