Monday, October 20, 2014

Market News In 2 Minutes @ 20th October 2014

Market News in 2 minutesAs 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. Ascott Residence Trust (A68U) -  Has acquired a hotel property located in Tokyo, Japan, for JPY8 billion (about $95.2 million). The property, with 206 rooms and three retail units, will enable the trust to expand its foot print in Japan. (source : Shares Investment)

2. euNetworks Group (5VT) - Its subsidiary, euNetworks GmbH, has purchased Fibre Lac for CHF3 million. The latter provides dark fibre and managed services along its approximately 360 kilometre fibre optic network in 11 Swiss cities. (source : Shares Investment)

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3. Global Logistic Properties (MC0) - Marks its first collaboration with PepsiCo in Brazil with a lease of 13,000 square metres in Sao Paulo. With this, the stabilised logistics portfolio lease ratio in Brazil stands at 98 percent. (source : Shares Investment)

4. ST Engineering (S63) - Its electronics arm has secured about $513 million worth of contracts for rail electronics and intelligent transportation, satellite and broadband communications as well as advanced electronics and information communications technologies solutions. (source : Shares Investment)


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