Stocks to watch: Ascott Residence Trust, Singapore Exchange, Tat Hong, BRC Asia
Ascott Residence Trust: Ascott Reit on Wednesday said that it is acquiring the 224-unit DoubleTree by Hilton Hotel New York - Times Square South for US$106 million.
Singapore Exchange: Singapore Exchange (SGX) and Infocomm Media Development Authority (IMDA) on Wednesday signed a memorandum of intent to streamline the pathway for fast-growing IMDA-accredited companies to leverage private and public capital markets in Singapore for expansion.
Tat Hong: Crane supplier Tat Hong Holdings narrowed its fourth-quarter loss to S$29.2 million, or 4.24 Singapore cents per share, as a sharp decline in other operating expenses offset a revenue decline.
BRC Asia: Certain substantial shareholders of steel mesh manufacturer BRC Asia Limited have received unsolicited offers that might or might not lead to an acquisition of the company's shares.
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Capital Markets & Currencies
Asia: Stocks rise on earnings optimism as US data approaches
Singapore stocks climb at Wednesday’s open; STI up 0.4%
Stocks to watch: MPACT, CapitaLand Ascott Trust, Hotel Properties, OUE Reit, CLCT
Europe: Tech, retail stocks boost Stoxx 600 to one-week high
US: Stocks climb for second straight day
Euro at highest to yen since 2008, markets nervy over Tokyo stepping in