Singapore Telecommunications Ltd(SIN:Z74)(ASX:SGT), Southeast Asia's largest phone company, posted a strong growth in its combined mobile customer base in eight markets to 262.2 million during the fiscal first quarter ended June 30, a rise of 64 million customers, or 33% from a year earlier.
US stocks fell overnight ahead of the Federal Reserve's latest decision on monetary policy and guidance on the outlook for recovery from the recession. The market was also weighed down by the worries that the banking sector has yet to fundamentally improve.
As part of NewSat Limited's (ASX:NWT)(PINK:NWTLY) continuous disclosure obligations, the company advises the market of the following new developments The company has signed a 53 month contract to provide satellite communications out of the Adelaide Earth Station on a significant Liquefied Natural Gas (LNG) project. The committed contract value is over A$2 million for the term.
Wall Street ended modestly lower overnight after the Shanghai stock market slumped 5 per cent, a biggest single day decline of the year in China. The US stocks were also hit by the Commerce Department data that new orders for US manufactured durable goods fell 2.5 per cent in June.
As part of NewSat Limited's (ASX:NWT)(PINK:NWTLY) continuous disclosure obligations, directors wish to advise shareholders of the company's ongoing progress. NewSat's growth over the past 12 months has been the strongest of any period in the history of the company.
Yesterday the Australian shares closed lower. The benchmark S&P/ASX200 index fell 56.6 points, or 1.5 per cent, at 3737.5 points, while the broader All Ordinaries index fell 52.6 points, or 1.1 per cent, to 3738 points. Analysts expect the market remained quiet until investors the corporate earnings bolster their confidence.
Yesterday, the Australian share market closed higher on the back of stronger commodity prices. The benchmark S&P/ASX200 index rose 49 points, or 1.29 per cent, at 3856, while the broader-based All Ordinaries index gained 49.3 points, or 1.3 per cent, to 3851.5 points.
