Friday, September 7, 2012

Market Daily -- 7th Sep 12

6. ST Engineering: May Cut About 300 Jobs in Scandinavian Operations
ST Engineering: Restructuring of Scandinavian Operations to Be Completed by 3Q 2013 

5. Ezra Holdings: Sold S$200 Mln 2015 Fixed Rate Note

4. Singapore August Foreign Exchange Reserves $246.2B Vs $244.1B in July

3. Golden Agri Down 4.3% at S$0.665; Plans US$500 Million Convertible Bond

2. City Developments: JV With Hong Leong Placed Top Bid in Singapore Mixed-Use Land Tender
City Developments: JV With Hong Leong Placed S$245M Bid for Mixed-Use Site 

1. The Dow Jones industrial average .DJI rose 244.52 points, or 1.87 percent, to 13,292.00. The Standard & Poor's 500 Index .SPX was up 28.68 points, or 2.04 percent, at 1,432.12-- its highest level since May 2008, before the financial crisis began to gather steam. The Nasdaq Composite Index .IXIC was up 65.12 points, or 2.12 percent, at 3,134.39