Profits Power

Olam, a commodities giant, announced rights issue after calling a trading halt on Monday. It offers US$750 million in five-year bonds, and warrants that will raise up to US$500 million upon conversion. Temasek has offered to gobble up anything that is not taken up.

Dec 3 (Reuters) - Singapore Airlines said on Monday it was in discussions with interested parties for the possible divestment of its 49 percent stake in British carrier Virgin Atlantic. SIA did not name the interested parties, but Reuters reported on Sunday that Delta Air Lines Inc has held recent talks to buy SIA's 49 percent stake in Virgin Atlantic, citing two people familiar with the matter.