Market highlights

1 Crude futures dipped in Asian trading yesterday on renewed concerns about a global oil glut, but losses were capped by slightly better-than-expected Chinese economic data. Brent crude futures were down 51 cents at US$46.86 a barrel.

2 European car sales jumped 6.5 per cent as most volume and premium brands saw double-digit growth rates, data provided by the Brussels-based Association of European Carmakers showed yesterday.

3 South Korean technology giant Samsung Electronics said it is in talks to acquire a stake in Chinese carmaker BYD to boost its chip business for electric cars. Samsung created a team to develop car-related businesses.

4 Oil major BP's final liability for the Deepwater Horizon oil disaster, which triggered the worst offshore oil spill in American history, will total US$61.6 billion (S$82.7 billion).

5 About a quarter of high-net-worth investors in Asia were clients of private banks as of May, up from 10 per cent three years ago, according to a study released this week by Singapore-based East & Partners Asia.

A version of this article appeared in the print edition of The Straits Times on July 16, 2016, with the headline 'Market highlights'. Print Edition | Subscribe