Asian stocks looked set for a mixed start. The offshore yuan fell in early trading after Chinese policy makers acted to restrain its strength by making it easier to bet against. S&P 500 futures edged lower after the benchmark ended higher last week, with some traders betting lawmakers are moving closer to reaching an agreement on stimulus. Australian shares opened little changed and contracts in Japan were flat. Crude oil declined and gold was steady. S&P 500 futures dipped 0.2% as of 8:21 a.m. in Tokyo. The gauge rose 0.9% on Friday. Futures on Japan’s Nikkei 225 were little changed on Friday. Hang Seng Index futures rose 0.7% on Friday.

Hyflux has asked its Middle Eastern suitor Utico to address concerns flagged by creditor groups before a virtual townhall can be held for the water treatment firm's perpetual securities and preference shares (PnP) investors.

Suntec Real Estate Investment Trust's (Suntec Reit) manager is looking to acquire a half stake in London's Nova development from Canada's pension fund, based on an agreed property value of £430.6 million (S$766.5 million). The Nova development consists of two Grade A office blocks with ancillary retail - Nova North and Nova South - as well as The Nova Building, a primarily residential asset.

Keppel Corporation on Friday said its offshore and marine arm Keppel Offshore & Marine (Keppel O&M) has clinched a contract valued at about S$600 million from an unnamed energy company. The contract is on progressive payment terms and is not expected to have any material impact on Keppel Corp's net tangible assets and earnings per share for the current financial year, it noted.

Mirach Energy has been granted three months more to submit an exit-offer proposal to the Singapore Exchange (SGX), its board announced on Friday. This comes as certain shareholders have expressed their intention to collectively make an exit offer to all the other shareholders of the company.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR