Morning business news round-up for June 11, 2014

Economists see 3.3% growth for Singapore in Q2. This is up from the 3 per cent growth forecast in a similar survey conducted in March. -- ST PHOTO: DESMOND FOO
Economists see 3.3% growth for Singapore in Q2. This is up from the 3 per cent growth forecast in a similar survey conducted in March. -- ST PHOTO: DESMOND FOO

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

1. SingTel says to buy digital advertisers for US$359 (S$448.6 million). Its unit Amobee paid US$209 million excluding debt for Adconion and US$150 million for Kontera, SingTel said in a statement on Wednesday.

2. Economists see 3.3% growth for Singapore in Q2. This is up from the 3 per cent growth forecast in a similar survey conducted in March.

3. IBM close to selling chip-making unit to Globalfoundries: report. Globalfoundries is interested in acquiring IBM's engineers and intellectual property rather than manufacturing facilities, which have little value as they are more than a decade old, the Bloomberg report said.