- Indonesia's foreign exchange reserves have fallen to US$103 (S$144.2) billion, the central bank governor told Parliament yesterday, Reuters reported. It is possible that the reserves were used to defend the rupiah.
- Standard Chartered Bank shares fell as much as 3.8 per cent, after a Financial Times report yesterday said that the bank had dealt with Iranian clients in potential breach of United States sanctions.
- China's economy is not as weak as it may look, according to a private survey that says it is a myth the country's slowdown is intensifying. This finding comes from the China Beige Book survey, modelled after a similar one in the US.
- KS Energy plans to issue $7.5 million worth of 6 per cent convertible bonds, due next year, to a regional private equity investment fund . The proceeds are for general working capital and to refinance debts.
- The Competition Commission of Singapore's approval of the alliance between Tigerair and Cebu Pacific will enable more passengers to enjoy Tigerair's South-east Asia and India connections, and Cebu Pacific's reach across the Philippines and North Asia.
Markets highlights
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A version of this article appeared in the print edition of The Straits Times on September 22, 2015, with the headline Markets highlights. Subscribe
