Noble Group Ltd., Asia’s biggest commodity trader by sales, fell the most in almost two weeks in Singapore after third-quarter profit dropped 70 percent due to a loss related to its stake in coal miner Yancoal Australia Ltd.
Palm rallied to the highest level in eight months on speculation that output in Malaysia, the world’s second-largest producer, will drop starting next month because of growing cycles and the onset of monsoon.
Singapore Telecommunications Ltd., Southeast Asia’s biggest phone company, wants to focus on wireless services in Myanmar as it vies for the right to operate in one of the world’s last untapped mobile markets.
Palm tumbled to the lowest level in more than three years as global supplies of the world’s most- consumed cooking oil climb the most since 1999 and demand expands at the slowest pace in more than a decade.
Olam International Ltd., the commodity supplier targeted by short-seller Carson Block, raised $712.5 million from a 10 percent-oversubscribed bond sale, which was backed by its two largest shareholders.
Prashant Changrani and his family were looking forward to a week-long holiday in Singapore that was set to start yesterday. That was until the island state was engulfed in hazardous fire haze wafting across from Sumatra.