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STOCKS NEWS SINGAPORE-OCBC cuts Yangzijiang target price
OCBC Investment Research lowered its target price on shipbuilder Yangzijiang Shipbuilding (Holdings) Ltd to S$1.08 from S$1.23 while keeping its hold rating, citing a dim outlook for the industry.
STOCKS NEWS SINGAPORE-Nam Cheong jumps on contract win
Shares of Singapore-listed Malaysian offshore vessel builder Nam Cheong Ltd surged as much as 13.7 percent to a seven-week high after it said it was awarded a letter of intent for projects worth $130 million.
Xstrata says may sell Frieda River copper stake
MELBOURNE, June 21 - Xstrata may sell down its majority stake in the Frieda River copper project in Papua New Guinea as part of a review of its development projects worldwide, the world's no.4 copper producer said on Thursday.
Motiva Texas refinery shuts reformer, hydrotreater -sources
HOUSTON, June 20 - Motiva Enterprises 600,000 barrel per day (bpd) Port Arthur, Texas, refinery was shutting a catalytic reformer and a catalytic feed hydrotreater on Wednesday because of a lack of feedstock due to the shutdown of the 325,000 bpd crude distillation unit, said sources familiar with refinery operations.
US STOCKS SNAPSHOT - S&P 500, Dow end down after Fed news
NEW YORK, June 20 - The S&P 500 and Dow ended down slightly on Wednesday after the Federal Reserve acted to aid the economy with measures that were largely in line with what the market expected, but no more.
US STOCKS SNAPSHOT - Wall St slips as Fed disappoints
NEW YORK, June 20 - U.S. stocks fell back near session lows in afternoon trading on Wednesday after the Federal Reserve voted to extend a program to stimulate the economy but offered no clues on further easing.
Invensys considers sale after Emerson interest-report
LONDON, June 20 - Invensys is considering a sale after U.S. firm Emerson Electric Co expressed an interest in buying some or all of the British engineer firm, according to a report by Bloomberg on Wednesday.
US STOCKS SNAPSHOT-Wall St rises as Fed extends stimulus
NEW YORK, June 20 - U.S. stocks rose in volatile trading on Wednesday after the Federal Reserve extended its monetary stimulus to strengthen a U.S. economic recovery that looks like it is stalling.
CORRECTED-STOCKS NEWS EUROPE-UK small caps 0.5 pct higher at close
(Changes headline to show index closed higher, not lower)
Fitch affirms Wessex Water's senior unsecured rating at 'a-'
(The following statement was released by the rating agency)
No related earnings announcements are currently scheduled within the next 7 days.
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