Markets highlights

1. Last month's euro zone inflation held steady at 0.2 per cent, showing that a stimulus programme launched by the European Central Bank may not be working out as planned.

2. Goldman Sachs has now cut its forecasts for China's growth over the next three years as it turns more pessimistic over the health of the world's second largest economy.

3. Vegetable processor China Minzhong Food said there was no definitive agreement with PT Indofood Sukses Makmur regarding the acquisition of China Minzhong's shares.

4. EuroSports Global, which paid a deposit of €1.2 million (S$1.9 million) for five GTA Spano cars, said two executive directors would indemnify the firm if the cars were undelivered. EuroSports will wait until May 31 next year before exercising its rights to claim the money back.

5. The hedge funds are favouring e-commerce company over Alibaba Group, reports Bloomberg, in a reversal from last year when Alibaba made its record debut on the New York Stock Exchange.

A version of this article appeared in the print edition of The Straits Times on September 01, 2015, with the headline 'Markets highlights'. Print Edition | Subscribe