Singapore Stocks - Factors to watch on Dec 5
SINGAPORE, Dec 5 (Reuters) - Following are some company-related and market news which could have an impact on the local market. ----------------------MARKET SNAPSHOT @ 0048 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1407.05 -0.17% -2.410 USD/JPY 81.89 -0% 0.000 10-YR US TSY YLD 1.6096 -- 0.005 SPOT GOLD 1696.39 -0.02% -0.350 US CRUDE 88.53 0.03% 0.030 DOW JONES 12951.78 -0.11% -13.82 ASIA ADRS 122.21 -0.16% -0.19 ------------------------------------------------------------- GLOBAL MARKETS-Asian shares lacklustre, capped by US budget worries SE ASIA STOCKS-Thailand off peak, Manila at record high STOCKS TO WATCH -- OLAM INTERNATIONAL LTD - Singapore commodities trader Olam, which is battling short-seller Muddy Waters, said late on Tuesday it had asked one of its banks last Saturday to take an "investment opportunity" to its second-biggest shareholder, state investor Temasek Holdings. Olam's $1.2 billion cash call lifted its shares on Tuesday but failed to ease concerns about the company's financial position after its CEO only last week said it would not tap debt markets for the next five to six months. -- WILMAR INTERNATIONAL LTD - Singapore's regulator has fined two executives from palm oil company Wilmar International a total of S$160,000 ($131,200)for insider trading. Wilmar said in a separate statement it will retain the two executives in their current positions. Goh Ing Sing, head of Wilmar's plantation division, and Keu Haw Gee, plantation director for Kalimantan and Sumatra, bought shares in palm oil company Kencana Agri Ltd in August 2010, ahead of an announcement from Wilmar that it was to buy a 20 percent stake in the company. Kencana's share price rose 10 percent after the acquisition was announced. Goh made a profit of S$43,000 from his share purchase while Keu made S$2,000. They were fined S$110,000 and S$50,000 respectively. -- THAI BEVERAGE PCL - Thai Beverage said its subsidiary had entered into a S$3.3 billion five-year loan facility with a syndicated group of banks in Singapore. The proceeds will be used to pay most of its existing short-term loans, including a S$2.8 billion bridge loan facility. MARKET NEWS > Nikkei falls as sentiment sours on US budget concerns > Wall St slips as investors seek cliff progress > Bond prices rise on Fed buying but range holds > Euro firm vs USD; AUD bulls give RBA the brush-off > Gold near 1-month low, US budget talks drag > Oil falls on US budget, fuel demand concerns > Key political risks to watch in Singapore ASIA-PACIFIC STOCK MARKETS S.Korea China Hong Kong Taiwan India Australia/NZ OTHER MARKETS Currency Eurostocks JP bonds ADR Report LME metals STOCKS NEWS US Europe Asia DIARIES & DATA: Singapore diary U.S. earnings diary European diary Asia Macro TOP NEWS Front Page Asian companies U.S. company News European companies Forex news Global Economy Tech, Media and Telecoms Financials General/political A multimedia version of Reuters Top News is available at:
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.