U.S. stocks were mixed overnight after Facebook reported a miss in second-quarter revenue and subsequently dropped 18.96 per cent after the market close on Wednesday.

Amazon, on the other hand, saw its net income increased twelve-fold YoY to a record $2.5 billion.

The Dow Jones Industrial Average rose 0.44 percent, or 112.97 points, to 25,527.07, notching its third consecutive session of gains.

Other U.S. indexes finished in negative territory, with the Nasdaq Composite recording its worst day in around a month, falling 1.01 percent to 7,852.19, and the S&P 500 edging down by 0.3 percent to end at 2,837.44.

Keppel Capital Ventures, a wholly-owned subsidiary of Keppel Capital, has signed a non-binding memorandum of understanding (MOU) with MindChamps PreSchool to cooperate and establish a new private fund that will have an initial target fund size of S$200 million.

Ascendas REIT is making its maiden foray into Europe with the acquisition of 12 logistics properties in the United Kingdom.

THE Ascott Limited has entered into a strategic alliance with a top Philippine real estate developer, Cebu Landmasters Inc (CLI), to manage 1,600 units in the country by 2022.

TADA, a ride-hailing point-to-point transportation service app, was launched by Singapore-based company Mass Vehicle Ledger (MVL) Foundation on Thursday. MVL’s ride-hailing app promises zero commission fee for drivers and other incentives, such as a cryptocurrency-based rewards programme. The firm has already recruited 2,000 licensed private-hire car drivers ahead of its roll-out.

Source: CNBC, Bloomberg, Reuters, Business Times, SingStat, MTI, Phillip Securities Research.