Markets highlights

1 Gold imports by India, the world's second-biggest consumer, dropped 52 per cent last month after shipments surged in August. Overseas purchases tumbled to 67 tonnes from 141 tonnes in August, reported Bloomberg.

2 Ferrari's coveted status as a maker of cars for the super rich is helping to push up its value in an initial public offering to as much as €11 billion (S$17.5 billion), Bloomberg reported.

3 A unit of conglomerate China Resources Corp plans to sell its minority stakes in 21 Walmart stores around China, for 3.3 billion yuan (S$730 million). State-backed China Resources Szitic Trust has listed its stakes in the stores as being for sale.

4 The London Metal Exchange has made an informal approach to the Baltic Exchange, the hub of the global shipping market, to acquire the entire business, two sources familiar with the matter told Reuters.

5 European oil firms are heading for the best weekly performance in seven years as they added about US$74 billion (S$104 billion) in value. The Stoxx Europe 600 Oil & Gas index climbed 13 per cent this week, the most since 2008.

A version of this article appeared in the print edition of The Straits Times on October 10, 2015, with the headline 'Markets highlights'. Print Edition | Subscribe