0235 GMT [Dow Jones] KS Energy (578.SG) higher but underperforming broad market after reporting weaker-than-expected 3Q08 results
SGX has signed a Memorandum of Understanding (MOU) with the Fujian Development and Reform Commission Office (FDRC) of the Fujian Provincial Government in PRC.
0042 GMT [Dow Jones] STOCK CALL: DBS Vickers downgrades KS Energy (578.SG) to Fully Valued from Buy following loss of jack-up liftboat Titan-1, which fell into sea while being transported to U.K. from U.S.
(END) Dow Jones Newswires
October 28, 2008 19:05 ET (23:05 GMT)
Copyright (c) 2008 Dow Jones &
Asian stocks fell for a fifth day after Mitsubishi UFJ Financial Group said it will sell new shares to replenish capital and Canon slashed its profit forecast as slowing global growth cuts sales.
A massive rebound on Wall Street on Thursday crowned extremely volatile trading in global markets as hopes grew of greater involvement by policymakers in resolving the financial system’s problems.
The pound was near a 22 month low after the Bank of England cut its growth forecast and signaled interest rates may be cut. A US report today is expected to show consumer confidence rose for a second month.
Hyflux, with Hyflux Water Trust (HWT), jointly announced the first portfolio of qualifying projects earmarked for potential injection into HWT.
KS Energy is proposing a 2-for-5 rights issue at $1.60 per rts share to raise up to $174m, which will be used to expand its fleet of oil rigs to meet fast-growing market demand.
