SGX says ready to act on any market misconduct in trading of Noble shares
Singapore Exchange (SGX) said it is ready to act against market misconduct, in response to Noble Group's announcement on Monday (August 3) that its share price might be manipulated. In a statement filed on SGX on Monday morning, Noble stressed that it is unaware of any material issues that might have sent its shares on a freefall recently.
Bonvests Holdings to buy Perth hotel for A$91.5 million
Bonvests Holdings has entered into an agreement with APHV Perth InvestCo to acquire the Four Points by Sheraton Perth for A$91.5 million (S$91.8 million). The agreement was entered into by Bonaventure (Australia) as trustee for the Bonaventure (Australia) Trust. Both are wholly-owned by Henrick (Singapore) which is in turn a wholly-owned subsidiary of Bonvests Holdings.
Singapore High Court dismisses interim injunction against F&N
Mainboard-listed Fraser & Neave announced on Monday that the Singapore High Court had on July 31 dismissed with costs an interim injunction requiring F&N to sell its 55 per cent stake in a Myanmar brewery to its joint venture partner, Myanma Economic Holdings (MEHL) for 500 billion kyat (S$540 million).
Australia city home prices jump 2.8% in July, stay red-hot in Sydney and Melbourne
Home prices across Australia's capital cities surged in July as demand in Sydney and Melbourne stayed red hot even as regulators tightened the screws on investment lending by banks. The blistering pace will pile pressure on policy makers to rein in borrowing for buy-to-let and make it trickier for the Reserve Bank of Australia (RBA) to cut interest rates any further into record territory.
HSBC Q2 net profit falls 3.8%, to sell Brazil business for US$5.2b
HSBC announced Monday that net profit fell 3.8 per cent in the three months to June, as the company agreed to sell its Brazilian business for US$5.2 billion (S$7.15 billion) to Brazil's Banco Bradesco. Europe's biggest bank announced in June that it would cut its global workforce by up to 50,000 as it exits Brazil and Turkey.
Ringgit drops most in four weeks as factory PMI clouds outlook
The ringgit weakened by the most in four weeks as data pointing to a contraction in Malaysia's factory output dimmed the outlook for an economy reeling from falling oil prices and a political scandal. The spot rate dropped to a 16-year low and is Asia's worst- performing currency in 2015 even as falling foreign-exchange reserves fuel speculation the central bank was buying the ringgit to stem losses.
Greek stocks plunge 22% as bourse reopens after five weeks
Greece's stock exchange reopened Monday with a drop of more than 22 percent after a five-week shutdown imposed by the country's debt crisis and capital controls. The ATHEX plunged to 615.72 points a few minutes after opening at 0730 GMT (3.30 pm Singapore time), down 22.82 per cent from its June 26 close.
