Sunday, July 15, 2007

Singapore Stocks Rise for Third Day; Keppel, Oversea-Chinese Banking Gain

(Bloomberg) -- Singapore's stocks rose for a third
day, helping the Straits Times Index extend a record. Keppel Corp.
led gains among suppliers to the oil industry after crude prices
jumped to the highest in 11 months.

Oversea-Chinese Banking Corp. gained after the lender said
it received final approval to set up a local unit in China. DBS
Group Holdings Ltd. advanced after the Economic Daily News said
it may buy a stake in the Taiwan's Far Eastern International Bank.


Read more at Bloomberg Stocks News

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