As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too. Hence, I started this "Market News In 2 Minutes" series. Following are the "Market News In 2 Minutes" for today :

1. City Developments (C09) - Has partnered with Blackstone and CIMB Bank, plus further borrowings from DBS Bank and Oversea-Chinese Banking Corporation, to create a $1.5 billion investment platform that allows investing in the cash flow of CDL’s Quayside Collection in Sentosa Cove. The investment instrument known as a profit participating security will give a fixed 5 percent payout annually for a five-year period. CDL believes the operating strength and solid cash flows of the Quayside Collection will allow CDL to build and deploy capital ...

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