SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.
1. Offshore firm Ezra Holdings posts 16% rise in Q3 profit. This was accompanied by a 27 per cent rise in revenue in the quarter to US$402.1 million, as takings increased across all three divisions: subsea services, marine services and offshore support services.
2. China's yuan a growing force in global finance: study. In trade finance, overwhelmingly dominated by the US dollar, the yuan jumped into second place last year ahead of the euro and the Japanese yen, comprising eight percent of transactions.
3. Asian shares prove resilient to euro jitters. Indices in Australia, Singapore and China were all higher, while Japan's Nikkei pared its losses to be off just 0.26 per cent.