Market Highlights

1 Swiss mining giant Glencore yesterday said it was on track to reduce debt and boost liquidity, thanks to asset sales, and plans to deepen copper output cuts to help lift prices after its shares fell to record lows this year.

2 Volkswagen shares dropped as much as 10 per cent yesterday after fresh admissions that it had also overstated fuel consumption claims and would take a further financial blow of €2 billion (S$3.1 billion).

3 Singapore-listed United Food Holdings said it expects to post a loss in the third quarter, owing to a temporary suspension of soya bean processing and payments and provisions for cancelling soya bean purchase contracts.

4 Rowsley posted a net loss of $4.2 million for the third quarter ended Sept 30, as the softer property market here continued to dampen its architectural and engineering services' contributions.

5 Challenger Technologies said third-quarter net profit fell 4 per cent from the same period a year ago to $3.5 million, owing to a change in the product sales mix, but offset by lower operating expenses.

A version of this article appeared in the print edition of The Straits Times on November 05, 2015, with the headline 'Market Highlights'. Print Edition | Subscribe