Morning business news round-up for Aug 18, 2014

Non-oil domestic exports slid 3.3 per cent over the previous year, after falling 4.6 per cent in June and 6.6 per cent in May. -- PHOTO: ST FILE
Non-oil domestic exports slid 3.3 per cent over the previous year, after falling 4.6 per cent in June and 6.6 per cent in May. -- PHOTO: ST FILE

SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.

1. Singapore exports slide in July for third straight month. Non-oil domestic exports slid 3.3 per cent over the previous year, after falling 4.6 per cent in June and 6.6 per cent in May.

2. OCBC to raise $3.37b in rights issue to boost capital. The bank will sell 440 million shares at $7.65 a share, a 25 per cent discount to its last share price of $10.20 on Friday, it said in a statement.

3. Two housing sites to be released for sale by Government. Together, the sites in Ang Mo Kio and Sembawang can yield 900 homes.

Join ST's Telegram channel here and get the latest breaking news delivered to you.