Singapore Stocks - Factors to watch on Nov 29

Thu Nov 29, 2012 12:19am GMT

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SINGAPORE, Nov 29 (Reuters) - Following are some
company-related and market news that could have an impact on the
local market.
                                                                                
 ----------------------MARKET SNAPSHOT @ 0005 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1409.93      0.79%    10.990
 USD/JPY                          82.16        0.13%     0.110
 10-YR US TSY YLD                 1.6352          --     0.002
 SPOT GOLD                        1722.41      0.18%     3.100
 US CRUDE                         86.7         0.24%     0.210
 DOW JONES                        12985.11     0.83%    106.98
 ASIA ADRS                        121.56       0.21%      0.25
 -------------------------------------------------------------                  
 
    GLOBAL MARKETS-Stocks recover on Boehner, euro pares drop  
 
    SE ASIA STOCKS-Manila at record high on robust Q3; Indonesia
lags 
 
    STOCKS TO WATCH
    -- OLAM INTERNATIONAL LTD 
    - Singapore commodity trader Olam defended its record on
accounting and acquisitions and said it had the backing of a key
state investor as it seeks to counter criticism from a
short-seller that has hammered its shares. 
    
    -- SEMBCORP MARINE LTD 
    - Oil rigbuilder Sembcorp Marine said it has won its seventh
drillship contract worth $806.4 million from Sete Brasil
Participaces S.A., which is scheduled for delivery no later than
the third quarter of 2016. 
    
    -- COSCO CORP (SINGAPORE) LTD 
    - Chinese shipbuilder COSCO Corp said its 51 percent-owned
subsidiary has secured a contract from a European company to
build two bulk carriers for a total of $41 million.
 
    
    -- UNITED OVERSEAS BANK LTD 
    - United Overseas Bank's asset management arm has entered
into an agreement with Sumitomo Mitsui Asset Management Co Ltd
to set up a 50-50 joint venture fund management company in
Singapore, which will mainly expand the distribution of both
companies in Asia. 
    
    MARKET NEWS
 
 > Nikkei rebounds from 1-week closing low on US hopes    
 > Wall St jumps in another 'fiscal cliff' swing          
 > Bond prices gain on standoff in U.S. budget talk      
 > Euro edges lower as Greece, U.S. fiscal woes weigh   
 > Gold drops 1.5 pct on deflation fears, fund sales    
 > Oil falls as demand worries trump 'fiscal cliff' hope 
 > 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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