Tuesday, August 12, 2014

Market News In 2 Minutes @ 12th August 2014

Market News in 2 minutes
As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too.

Hence, I started this "Market News In 2 Minutes" series.
Following are the "Market News In 2 Minutes" for today :
1. Dairy Farm International Holdings (D01) - An operator of supermarkets and retail stores, is paying 5.69 billion yuan ($1.16 billion) to buy 20% of Yonghui Superstores Co. as it seeks to tap China’s growing consumer market. For the complete report, click here. (source : The Edge)

2. Singapore’s economy unexpectedly expanded last quarter amid recoveries in advanced countries and a government plan to boost productivity and attract new industries. Gross domestic product (GDP) rose an annualised 0.1% in the three months through June from the previous quarter. (source : The Edge)

3. KrisEnergy (SK3) - The upstream oil and gas firm has agreed a US$65 million ($81 million) deal to buy out Chevron Corp’s interest in an offshore oil block in Cambodia and take over as the block’s operator. (source : The Edge)

4. Osim International (O23) - Said it’s in talks to expand its international franchise with stores in Turkey and Russia. For the complete report, click here. (source : The Edge)

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