S&P Global Ratings and Moody's Investors Service again cut their ratings on Noble Group as they expect the commodity trader will not be able to meet its debt obligations in the next six months.
A quick look at all the market moving events and big financial news of the day. From mm2 Asia share jump to Singapore Medical Group profit surge, get your daily dose of all the latest in the world of business right here.
Golden Agri-Resources on Monday reported a 45 percent slump in second-quarter profit due to the recognition of deferred tax income of US$131 million in the previous period.
U.S. stocks indexes snapped three days of losses and ended higher on Friday, as investors bet on slower U.S. rate hikes following weaker-than-expected consumer price data.
Singapore shares rebounded on Monday, tracking a firmer Asia and Wall Street, as tensions between the United States and North Korea showed signs of easing.
Spackman Entertainment, a South Korean theatrical film production group, on Monday announced its proposed acquisition of Take Pictures Pte for an undisclosed amount.
Ezion Holdings, a provider of offshore marine logistics services, on Monday requesting trading suspension as it discusses funding options with its shareholders following a quarterly loss.
Vallianz Holdings, a provider of offshore support vessels, on Monday posted a 12.5 percent rise in quarterly profit, helped by growth at its Middle East market.
Media content provider mm2 Asia on Monday reported a 30 percent jump in quarterly profit, boosted by growth at its North Asia business and strong performance of subsidiaries.
A quick look at all the market moving events and big financial news of the day. From Noble Group share surge to Wilmar International stock plunge, get your daily dose of all the latest in the world of business right here.
Indian shares fell for a fifth session on Friday as concerns over corporate growth recovery and increasing tensions between the U.S. and North Korea continued to dampen investor sentiment.
Global risk appetite faltered amidst increasing geopolitical worries regarding North Korea, resulting in investors piling onto havens such as U.S. Treasuries, gold and the yen.
Hong Kong equities fell for a third session on Friday, losing nearly 2 percent, following a sell-off in the U.S. and Europe on escalating geopolitical tensions.
GP Industries said it intends to make a voluntary conditional cash offer of S$205.6 million for shares in GP Batteries International that it does not already own.
Singapore Technologies Engineering on Friday reported a 12 percent decline in the second-quarter net profit due to an S$8.1 million loss from the marine sector.