Markets highlights

1 CMA CGM bonds hit near- record lows after the shipping line's quarterly profit collapsed on lower freight rates. The container line is adding debt to support its buyout of Neptune Orient Lines, Bloomberg said.

2 Palm oil's bull run has more to go as El Nino-induced dry weather curbs production at the world's top growers, said a Bloomberg News survey. Palm oil declined 0.3 per cent to RM2,529 on Tuesday.

3 Hilton, the world's biggest hospitality firm by number of rooms, may add a new brand that focuses on small, cheap hotels in big cities, its chief executive Chris Nassetta was cited as saying in a Bloomberg report.

4 Cacola Furniture has been given up to March 4 next year by the Singapore Exchange to meet the requirements for the removal from the SGX Watch-List, including making a pre-tax profit for the financial year 2015.

5 China Gaoxian Fibre Fabric is facing a claim from Daewoo Securities in South Korea in relation to an alleged breach of an underwriting agreement from 2010. The claim is for 1 billion won (S$1.2 million) in damages.

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