Bloomberg.com, 15 Oct 2008, Andrea Tan
Oct. 15 (Bloomberg) -- Singapore Telecommunications Ltd. fell to the lowest in almost two years in Singapore trading on concern profit will be eroded by a drop in the Australian dollar, the currency in which the company earns two-thirds of revenue.
SingTel slid 6.6 percent to close at S$2.71 on the city's stock exchange, the lowest since Nov. 6, 2006. The shares have slid 32 percent this year, compared with a 41 percent drop by the benchmark Straits Times Index.
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