Commodity firm Olam International may be in focus after it said it plans to spend $50 million to expand its wheat milling facility in Nigeria. It also said it will invest $49.2 million to set up a irrigated paddy farming and rice milling facility in the country.
Stocks and factors to watch:
-- FIRST SHIP LEASE TRUST
- First Ship Lease Trust said on Thursday it has entered into a loan agreement with its syndicate of eight lenders for a six-year amortising term loan worth S$479.6 million.
-- QINGMEI GROUP HOLDINGS LTD
- Qingmei Group, which makes sports shoe soles, said it has appointed Jackson Tso Sze Wai, its current financial controller, to take over as the firm's new chief financial officer from Jan 1. He replaces Nelson Au-Yeung Yu Ching.
- Singapore's benchmark Straits Times Index rose 2.2 percent on Thursday to 2,761.88 points.
- The Dow Jones industrial average lost 0.21 percent to 12,020.03. The Standard & Poor's 500 Index retreated 0.19 percent to 1,244.58. The Nasdaq Composite Index gained 0.22 percent to 2,626.20.
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