Market highlights

1. Oil prices fell in Asia, giving up some of last week's sharp gains as concerns about a global supply glut weighed on prices ahead of fresh data on US stocks. Brent crude was trading 12 US cents lower at US$37.77 a barrel last evening.

2. Gold dropped as investors weighed the outlook for inflation in the US for clues on the likely pace of interest rate increases by the Federal Reserve. Bullion lost as much as 0.4 per cent to US$1,071.72 an ounce in trading.

3. Sinjia Land wants to take an 80 per cent stake in economy hotel management firm G4 Station for $664,000. G4 manages G4 Station Backpackers Hostel, which is located in Singapore and has a total of 23 rooms and 89 beds.

4. Heeton Holdings has appointed Mr Eric Tan Heng Chew, 56, as its executive director and chief executive officer. Mr Tan, who was previously with Straits Trading, will take up his new position on Jan 4 next year.

5. China laid out restrictions on thousands of online peer-to-peer lenders. Online platforms should not take deposits from the public, pool investors' money or guarantee returns, the China Banking Regulatory Commission said.

A version of this article appeared in the print edition of The Straits Times on December 29, 2015, with the headline 'Market highlights'. Print Edition | Subscribe