Market highlights

1 Wal-Mart Stores said the head of its China unit, Mr Sean Clarke, will replace Mr Andy Clarke as head of its struggling Asda supermarket unit in Britain. The change will take place on July 11.

2 India wants a commitment from Apple to bring manufacturing facilities to the country before the government will approve the iPhone maker's request to open retail stores, reports said.

3 Gold has hit its highest level in four weeks as uncertainty mounts over the potential risks facing financial markets if Britain decides to leave the European Union at its referendum on June 23.

4 Neo Group is planning to acquire a 55 per cent stake in U-Market Place Enterprise, which makes rice dumplings. It also has six outlets selling barbecue and meat products.

5 Ley Choon Group has won a $33.6 million contract from national water agency PUB to supply and install water transmission pipes to improve water flow and pressure.

A version of this article appeared in the print edition of The Straits Times on June 14, 2016, with the headline 'Market highlights'. Print Edition | Subscribe