Markets highlights

1 Oil steadied near 2016 highs yesterday, supported by expectations of an output freeze by major exporters and dollar weakness. Brent crude hit US$41.71 a barrel - its highest this year, Reuters said.

2 Maersk Drilling may buy used oil rigs to take advantage of low prices and the financial clout of its parent, AP Moeller-Maersk. It may mean a shift away from expanding only through new rigs, Bloomberg said.

3 Parquet firm Jason Holdings has won a two-month extension to release its results. The auditors need more time to finish the audit on the misstatement of the cost of goods sold. There was also high staff turnover.

4 CDW and two of its units have incorporated a wholly-owned company in Bangladesh with paid-up capital of about $13,800. It will be a liaison office conducting general trading and other businesses.

5 Hose and marine specialist GRP has tendered for land of about 110,000 sq m in Tangshan City. GRP plans to develop homes. The tender price is 75.52 million yuan (S$15.8 million).

A version of this article appeared in the print edition of The Straits Times on March 19, 2016, with the headline 'Markets highlights'. Print Edition | Subscribe