Office rents in the Central Business District (CBD) fell in the third quarter, the first decline from a general uptrend since 2013, according to a DTZ report out on Monday (Oct 5).
Mandala Energy is set to invest up to US$179.6 million (S$257.3 million) in a 35 per cent stake in the Lemang Production Sharing Contract (Lemang PSC) of Ramba Energy's subsidiary, PT Hexindo Gemilang Jaya.
Glencore shares jumped the most on record in Hong Kong in heavy trading on Monday (Oct 5) after media reports that the commodities trader is talking to potential buyers, including Singapore sovereign wealth fund GIC, for its agriculture business.
The World Bank cut its 2015 and 2016 growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by the risk of a sharp slowdown in China and possible spillovers from expected increases in U.S. interest rates.
The bond market shows traders see just a 10 per cent chance the Federal Reserve will raise interest rates at its Oct 27-28 meeting following weaker-than-expected employment growth.
Japanese wage growth slowed in August and summer bonuses fell from last year, a discouraging sign for private consumption that should keep policymakers under pressure to offer more stimulus as fears of a recession grow.