Market highlights

1 Theranos chief executive officer Elizabeth Holmes was banned for two years from owning or operating laboratories as part of sanctions against the troubled blood-testing start-up.

2 China is considering providing about 10 of its state-owned enterprises with an aid package, people familiar with the matter said. Sinosteel Corp is among those that may receive help, Bloomberg reported.

3 State intervention to support Italian banks cannot be ruled out, given the risk that current difficulties may undermine trust in the nation's financial industry, said Bank of Italy governor Ignazio Visco.

4 German exports fell unexpectedly in May, posting their steepest monthly decline in nine months, and imports rose less than expected, data shows, in a further sign of weakening global demand.

5 Freight rates for very large crude carriers are set to slide further as charterers complete the July loading programme from the Middle East, and too many ships are chasing too little cargo, ship brokers said.

A version of this article appeared in the print edition of The Straits Times on July 09, 2016, with the headline 'Market highlights'. Print Edition | Subscribe