SINGAPORE, Nov 19 (Reuters) - Star Cruises
U.S. stocks rose on Friday after a day of sharp price swings as bargain-hunting lifted the beaten-down technology sector while shares of oil companies advanced on buoyant crude prices.
Stocks and factors to watch.
- Cruise operator Star Cruises made a net loss of US$21.3 million for the three months ended September, compared to a net profit of $60.4 million for the same period last year. [ID:nSNBJ70201]
- SembCorp Marine said it has injected S$300 million ($207 million) into its unit Jurong Shipyard to help offset payments incurred due to the shipyard's unauthorised forex transactions.
SembCorp Marine said in a statement that it will subscribe to 300 million redeemable preference shares of the wholly-owned subsidiary.
Jurong Shipyard will use part of the funds raised to pay Societe Generale a sum of US$115.45 million for closing its transactions with the shipyard, SembMarine said. [ID:nSNBJ20051]
- Singapore Exchange
- Singapore's economy grew at an annualised, seasonally adjusted rate of 4.3 percent in the third quarter, well below market expectations, final government data showed on Monday. [ID:nSGC001439]
- Singapore's prime minister expects economic growth to slow next year and predicts inflation will run at 4-5 percent "for some time" in 2008, CNBC television quoted him as saying in remarks released on Friday. [ID:nL16253497]
- Singapore's Straits Times Index <.STI> fell 1.05 percent to 3,440.96 points on Friday.
- The Dow Jones Industrial average <.DJI> rose 0.51 percent to close at 13,176.79. The Nasdaq Composite Index <.IXIC> gained 0.72 percent to 2,637.24.
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