SINGAPORE, March 22 (Reuters) - Keppel Corp, the
world's largest offshore oil rig builder, may be in focus on
Monday after it said late on Friday that it will jointly build
and operate a shipbuilding and repair yard in Azerbaijan.
The Dow industrials snapped an eight-session winning streak on Friday as renewed worries about Greece sparked a climb in the dollar and weighed on U.S. stocks.
----------------------MARKET SNAPSHOT @ 0003 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 1159.9 -0.51% -5.930 USD/JPY 90.44 -0.1% -0.090
10-YR US TSY YLD 3.6892 --
0.004 SPOT GOLD 1104.65 -0.17% -1.900 US CRUDE 80.14 -0.67% -0.520 DOW JONES 10741.98 -0.35% -37.19 ASIA ADRS 131.37 -0.69% -0.91
> Dow snaps 8 session winning streak as commodities weigh > Shorter-dated US bonds fall ahead of debt supply > Euro burdened by Greece as euro zone summit looms > Gold tumbles after India rate hike, ends week flat > Oil price drops 1.9 pct as dollar firms
Stocks and factors to watch:
-- KEPPEL CORP
- Singapore's Keppel Corp, the world's largest builder of offshore oil rigs, will jointly build and operate a shipbuilding and repair yard in Azerbaijan.
Keppel, which has a 10-percent share in the venture, will operate the yard to make tankers and support vessels and help renew Azerbaijan national oil company SOCAR's fleet.
-- POPULAR HOLDINGS
- Book retailer Popular Holdings named Wayne Chou as managing director, taking over from his father Chou Cheng Ngok. The older Chou will retain his other position of executive chairman. Wayne Chou was previously a non-executive director
- Singapore's benchmark Straits Times Index rose 0.06 percent to 2,915.70 points.
- The Dow Jones industrial average fell 0.35 percent to 10,741.98 points. The Nasdaq Composite Index finished 0.71 percent lower to end at 2,374.41 points.
(Reporting by Kevin Lim; Editing by Valerie Lee)
((kevin.lim@thomsonreuters.com; +65 6403 5663; Reuters Messaging: kevin.lim.reuters.com@reuters.net)) ASIA-PACIFIC STOCK MARKETS: Japan S.Korea China Hong Kong Taiwan SE Asia Australia/NZ India OTHER MARKETS: Wall Street Gold Currency Eurostocks Oil JP bonds ADR Report LME metals US bonds STOCKS NEWS US, Europe, Asia: DIARIES & DATA: IPO diary & data U.S. earnings diary Singapore diary Eurostocks Week Ahead Asia earnings diary European diary Wall Street Week Ahead TOP NEWS: Asian companies U.S. company news European companies Forex news Global Economy Technology Telecoms Media news Banking news General/political Asia Macro A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt (Local currency) LME price overview Keywords: SINGAPORE MARKET STOCKS/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Dow industrials snapped an eight-session winning streak on Friday as renewed worries about Greece sparked a climb in the dollar and weighed on U.S. stocks.
----------------------MARKET SNAPSHOT @ 0003 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 1159.9 -0.51% -5.930 USD/JPY 90.44 -0.1% -0.090
10-YR US TSY YLD 3.6892 --
0.004 SPOT GOLD 1104.65 -0.17% -1.900 US CRUDE 80.14 -0.67% -0.520 DOW JONES 10741.98 -0.35% -37.19 ASIA ADRS 131.37 -0.69% -0.91
> Dow snaps 8 session winning streak as commodities weigh > Shorter-dated US bonds fall ahead of debt supply > Euro burdened by Greece as euro zone summit looms > Gold tumbles after India rate hike, ends week flat > Oil price drops 1.9 pct as dollar firms
Stocks and factors to watch:
-- KEPPEL CORP
- Singapore's Keppel Corp, the world's largest builder of offshore oil rigs, will jointly build and operate a shipbuilding and repair yard in Azerbaijan.
Keppel, which has a 10-percent share in the venture, will operate the yard to make tankers and support vessels and help renew Azerbaijan national oil company SOCAR's fleet.
-- POPULAR HOLDINGS
- Book retailer Popular Holdings named Wayne Chou as managing director, taking over from his father Chou Cheng Ngok. The older Chou will retain his other position of executive chairman. Wayne Chou was previously a non-executive director
- Singapore's benchmark Straits Times Index rose 0.06 percent to 2,915.70 points.
- The Dow Jones industrial average fell 0.35 percent to 10,741.98 points. The Nasdaq Composite Index finished 0.71 percent lower to end at 2,374.41 points.
(Reporting by Kevin Lim; Editing by Valerie Lee)
((kevin.lim@thomsonreuters.com; +65 6403 5663; Reuters Messaging: kevin.lim.reuters.com@reuters.net)) ASIA-PACIFIC STOCK MARKETS: Japan S.Korea China Hong Kong Taiwan SE Asia Australia/NZ India OTHER MARKETS: Wall Street Gold Currency Eurostocks Oil JP bonds ADR Report LME metals US bonds STOCKS NEWS US, Europe, Asia: DIARIES & DATA: IPO diary & data U.S. earnings diary Singapore diary Eurostocks Week Ahead Asia earnings diary European diary Wall Street Week Ahead TOP NEWS: Asian companies U.S. company news European companies Forex news Global Economy Technology Telecoms Media news Banking news General/political Asia Macro A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt (Local currency) LME price overview Keywords: SINGAPORE MARKET STOCKS/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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