Morning business news round-up for Aug 26, 2014

Singapore factory output rises 3.3% in July. This was an acceleration from the 0.8 per cent rise in June, which was itself revised upwards from an earlier estimate of a 0.4 per cent expansion. -- PHOTO: ST FILE
Singapore factory output rises 3.3% in July. This was an acceleration from the 0.8 per cent rise in June, which was itself revised upwards from an earlier estimate of a 0.4 per cent expansion. -- 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 factory output rises 3.3 per cent in July. This was an acceleration from the 0.8 per cent rise in June, which was itself revised upwards from an earlier estimate of a 0.4 per cent expansion.

2. Singapore investors more upbeat in Q2 on improved property sentiment. The proportion of survey respondents who think it is a good time to invest in their own home climbed to 40 per cent in the three months to June 30, from 31 per cent in the first quarter.

3. Singapore's United Engineers unit sells auto business for $455m. The company said the sale was part of its plan to exit from non-core business operations.