The Singapore government disclosed plans of improving social programs to alleviate economic strains.
Sectors
New banking regulation causes Turkish equities to fall
Banking regulations discouraging excessive use of retail credit cards caused Turkish equities to drop.
Hong Kong jobless rate at 3.3% anticipated
The state government of Hong Kong said that the second quarter jobless rate falls within expected estimates.
Warsaw Stock Exchange will acquire 30 percent of Aquis
The Warsaw Stock Exchange agreed to buy a 30% stake in start-up Aquis Exchange for GBP 5 million. The Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie or GBP in Polish) agreed to purchase a partial stake in Aquis Exchange.
Beats Electronics to launch Spotify contender, itching to drop HTC
A Wall Street Journal report said that Beats Electronics is planning a major buyout of HTC and generate funds to expand its newest digital streaming business Beats Music.
Latest News
South African firm Sasol Ltd sold its stake in Arya Sasol Polymer Co to Main Street 1095. Sasol sold its 50% stake in Arya Sasol Polymer Co, its Iranian unit.
Austrian energy company OMV purchased several stakes in Norway's Statoil worth at least USD 2.65 billion.
Kentz Corp said no to takeover offers from rival AMEC Plc and Germany-based M+W Group. Kentz Corporation Ltd rejected approaches from AMEC Plc and M+W Group to take over the engineering firm.
Asian markets affected by US stock's worst weekly performance for the year. Asian markets fluctuated with meek profits and losses Monday as apprehensions rose on US market issues.
XPO Logistics Inc completed its acquisition of 3PD Holdings in a deal valued at USD 365 million. Arcapita sold its North American logistics company 3PD Holding to XPO Logistics Inc.
Market research firm eMarketer projected mobile payments will top USD1 billion in the US for this year, and by 2017 would reach USD58 billion.
Reports said Nokia would roll out a tablet powered by Windows RT next month. Microsoft failed to meet the sales expectations on its Surface tablets running on the Windows RT operating system.
The Central Bank of the Philippines accredited Eastspring Investments to handle its equity fund. The Central Bank of the Philippines (Bangko Sentral ng Pilipinas or BSP) tapped Eastspring Investments to manage its provident fund equity fund.
Ethiopia signed an USD800 million contract with ZTE for the expansion of the country's mobile phone infrastructure.
