Daily Briefing: Keppel mulls more job cuts as profits slump; Olam to expand Brazil unit with grains, white sugar trading

And guess which stocks have been badly affected by the economy.

Singapore-based Keppel Corp is mulling to slash around 8,000 jobs as weak energy prices badgered its earnings. Senior managers have also taken voluntary pay cuts and there are also plans to trim directors' fees as the conglomerate anticipates further cuts, the company said in a statement. Know more about the story here.

One of the world's largest food traders Olam International is expanding its presence in Brazil by focusing on trading grains and white-sugar. Find out why here.

This year has so far been tough for the Singapore economy and there are little signs of it becoming better in the near future. A quick look at some of the stock prices for Singapore companies would show that marine and offshore engineering sector are getting affected the most. Click here to know which companies have been badly affected by the economy this year.

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