SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.
1. Asian markets rally on Fed news. Asian markets climbed Thursday following the biggest one-day gain this year in US stocks overnight after minutes from the Federal Reserve's latest meeting indicated the US central bank was nervous about hiking interest rates too soon.
2. Sime Darby Bhd offers S$3.58 billion for UK-listed firm. Malaysia's Sime Darby Bhd, the world's top oil palm planter by land size, said it would offer £1.073 billion (S$3.58 billion) to buy smaller producer New Britain Palm Oil Ltd (NBPOL) .
3. Malaysian lenders agree on merger deal. Malaysia's CIMB Group, RHB Capital Bhd and Malaysia Building Society Bhd have agreed on a merger deal that will create the country's biggest banking group, a source said.