Friday, December 5, 2014

Market News In 2 Minutes @ 5th December 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. CapitaLand (C31) - Its serviced residence arm, The Ascott, has acquired a property in Jakarta for $90 million, expending its reach in Southeast Asia's largest economy. (source : The Edge Singapore)

2. IEV Holdings (5TN) - Clarifies, with regards to media release, that Malaysia-based companies Emrail and Ofnir Engineering has yet to be awarded the Crude oil handling facilities project in Bangladesh. The holding’s subsidiary IEV Malaysia has agreed on a Technical and Service Agreement with the two Malaysian-based companies but it does not tantamount to the awarding of the project to IEV. Discussions are ongoing between the parties, and further announcements will be made should there be material developments connecting with the Project. (source : Shares Investment)


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