Thu, Feb 23, 2012, 10:20 PM SGT - Singapore Markets closed

Economy Government and Policy

  • A man walks past an iPad 2 advertisement in Shanghai

    By Jason Subler and Samuel Shen SHANGHAI (Reuters) - A Shanghai court has rejected a request in a trademark case to stop Apple (AAPL.O) selling its iPad tablet computers in the city, averting an embarrassing ...

  • By Jason Subler and Samuel Shen SHANGHAI (Reuters) - A Shanghai court has rejected a request in a trademark case to stop Apple selling its iPad tablet computers in the city, averting an embarrassing suspension ...

  • A shopkeeper displays gold jewellery inside his showroom in Jammu

    By Siddesh Mayenkar MUMBAI (Reuters) - Indian gold imports in 2012 could fall by a fifth for the first time in three years to 770 tonnes as investors chase better accruals from equity markets and other ...

  • Italy on Thursday filed a petition in an Indian high court seeking the dismissal of a murder case against two soldiers held over the fatal shooting of two fishermen. The Italian soldiers, who were posted ...

  • Europe's banks bleed from Greek debt crisis Reuters - 1 hour 6 minutes ago
    Entrance of the German Commerzbank headquarters is pictured in Frankfurt

    By Steve Slater and Lionel Laurent LONDON/PARIS (Reuters) - Greece's debt problems drove a slew of heavy losses across the European banking sector on Thursday, and bosses warned the euro zone crisis would ...

  • A court in Shanghai threw out a civil case against Apple Inc on Thursday, citing a lack of evidence in a trademark dispute and ruled the US computer giant could continue iPad sales in the city. The Shanghai ...

  • UPDATE 5-Oil reaches record euro high on Iran Reuters - 1 hour 24 minutes ago

    * UN inspectors declare Iran mission a failure * India seeks 100,000 bpd more from Saudi for 2012-13 * Japan may cut Iranian imports 20 pct or more -paper * COMING UP: EIA inventory data at 1600 GMT (Adds ...

  • By Yantoultra Ngui KUALA LUMPUR, Feb 23 (Reuters) - Malaysian state oilfirm Petroliam National Bhd (Petronas) has inked amore than 80 billion Malaysian ringgit ($26.4 billion) dealextending the supply ...

  • (Reuters' expanded Asia Oil Swaps Forward Curve coverage includes the East-West component. Formore information: ) SINGAPORE, Feb 23 (Reuters) - The Asia fuel oil market strengthened for a secondstraight ...

  • Iberdrola, Centrica hurt by struggling consumers Reuters - 1 hour 38 minutes ago
    A British Gas van is driven through Leicester

    By Tracy Rucinski and Adveith Nair MADRID/LONDON (Reuters) - - Spain's Iberdrola (IBE.MC) and Britain's Centrica (CNA.L) posted 2011 results marred by pressure on their downstream energy businesses, as ...

  • PARIS, Feb 23 (Reuters) - Alstom on Thursdaysaid it has secured an 830 million euros ($1.10 billion)contract as part of a consortium that will build asupercritical coal-fired power plant in Malaysia. Supercritical ...

  • Traders talk in front of a screen showing an index at Madrid's Bourse

    By Robin Emmott and Julien Toyer BRUSSELS (Reuters) - The euro zone economy is heading into its second recession in just three years and the wider European Union will stagnate, the EU's executive said ...

  • Men walk past the London Metal Exchange (LME) in London

    By Maytaal Angel and Harpreet Bhal LONDON (Reuters) - The London Metal Exchange's (LME) board was meeting on Thursday to examine non-binding bids for the world's biggest marketplace for industrial metals, ...

  • Sales data may shake China property bonds Reuters - 2 hours 0 minutes ago

    * Chinese property companies post poor annual numbers * Bond prices fail to reflect declining credit quality By Jonathan Rogers SINGAPORE, Feb 23 (IFR) - Holders of bonds issued byChina property companies ...

  • Stock brokers trade in brokerage firm in Kolkata

    By Aditi Shah MUMBAI (Reuters) - The BSE Sensex fell for a second consecutive day on Thursday as investors took profits on expiry of monthly derivatives amid concerns about high oil prices. The 30-share ...

  • Asia Naphtha/Gasoline-Bullish mood persists Reuters - 2 hours 13 minutes ago

    SINGAPORE, Feb 23 (Reuters) - Asia's naphtha priceremained at a 10-month high on firm crude on Thursday, but thatwas squeezing margins which eased to a three-session low. However, bullish sentiment persisted ...

  • China's Zhang Daqian tops 2011 art sales AFP - 2 hours 16 minutes ago

    The late Chinese artist Zhang Daqian was the best-selling artist at auction in 2011, global market monitor Artprice told AFP, while Spanish great Pablo Picasso dropped out of the top three. Chinese artists ...

  • UPDATE 4-Brent above $124 on Iran, weaker dollar Reuters - 2 hours 26 minutes ago

    * UN inspectors declare Iran mission a failure * India seeks 100,000 bpd more from Saudi for 2012-13 * Japan may cut Iranian imports 20% or more -paper * COMING UP: EIA inventory data at 1600 GMT (Adds ...

  • European stock markets diverged and the euro rose against the dollar on Thursday as traders reacted to mixed earnings from the region's biggest banks and varied eurozone economic data. Dealers were also ...

  • Oil price hits nine-month peak in London AFP - 2 hours 34 minutes ago

    The price of Brent crude oil surged to a nine-month high on Thursday, propelled by intensifying Iran concerns amid reports that Japan wanted to slash its Iranian crude imports, traders said. Brent North ...

  • (Adds TNK-BP quote) SINGAPORE, Feb 23 (Reuters) - TNK-BP, BP'sjoint venture in Russia, has signed a deal extending its ESPOblend crude sales to Petronas for two years, as the Malaysiannational oil company ...

  • * Anchorage area used as a ship-to-ship transfer point * Iran struggling to sell crude in face of sanctions * Indonesia says no barter agreement with Iran on oil (Adds Indonesian minister, Pertamina comments) ...

  • A senior US diplomat said Thursday he had held "serious and substantive" talks with North Korea's nuclear envoy in Beijing, the first such contact between the two nations since leader Kim Jong-Il ...

  • BRUSSELS (Reuters) - Europe's depressed economy will recover from its slump if it sticks to EU-mandated fiscal discipline and if the euro zone can agree a large enough stand-by rescue fund to win back ...

  • By Aditi Shah MUMBAI (Reuters) - The BSE Sensex fell for a second consecutive day on Thursday as investors took profits on expiry of monthly derivatives amid concerns about high oil prices. The 30-share ...

  • With the aim of providing quality property investment and ownership opportunities to investors and buyers, PropertyGuru, Asia's leading property portal, will hold its second Malaysia Property

  • China said Thursday a European investigation into imports of Chinese-made specialised steel products would "undermine" efforts to combat the eurozone crisis. The European Commission has launched ...

  • * Q4 net profit S$558 mln vs S$706 mln year ago * Year-ago profit boosted by S$152 mln one-time gains * Reduced exposure to French banks, looking at Myanmar (Adds comments, details) By Kevin Lim SINGAPORE, ...

  • BRUSSELS (Reuters) - The European Union's top economics official said on Thursday that recent economic surveys showed that an expected slowdown in the euro zone would be mild. "Overall, recent developments ...

  • Asian shares were mixed Thursday as concerns about Greece's debt crisis returned to worry investors but domestic factors also came into play. Hong Kong's benchmark Hang Seng Index dropped 0.78 percent ...

  • * Manila touches record high, then falls * Banks lead declines in Jakarta, Kuala Lumpur * Singapore at lowest close since Feb. 10 * Foreign buying seen in Malaysia; outflow in Jakarta By Shihar Aneez Feb ...

  • A general view of the trading floor at the Frankfurt stock exchange

    By Annika Breidthardt BERLIN (Reuters) - German business sentiment rose to its strongest in seven months in February, offering fresh evidence that Europe's largest economy will dodge a recession even as ...

  • By Steve Slater and Lionel Laurent LONDON/PARIS (Reuters) - Greece's debt problems drove a slew of heavy losses across the European banking sector on Thursday, and bosses warned the euro zone crisis would ...

  • MUMBAI (Reuters) - The BSE Sensex closed 0.37 percent lower on Thursday as investors booked profits on expiry of monthly derivatives. The main 30-share benchmark index fell 66.75 points to 18,078.50, with ...

  • The value of goods exported from Hong Kong fell sharply in January compared to a year earlier, official figures showed Thursday, as Europe's debt woes played havoc with global markets. The value of total ...

  • Photo illustration shows two euro coin through a magnifying glass near a picture of German share trading DAX index

    By Robin Emmott BRUSSELS (Reuters) - The euro zone's economy is heading into its second recession in just three years, while the wider EU will stagnate, the EU's executive said on Thursday, warning that ...

  • By Richard Hubbard LONDON (Reuters) - Strong results from a key survey of German business eased financial markets' concerns over the European economy on Thursday, sending the euro to a 10-week high and ...

  • * U.N. inspectors declare Iran mission a failure * India seeks additional 100,000 bpd from Saudi Arabia for2012-13 * Japan may cut Iranian imports by as much as 20 percent-paper * Better trading opp in ...

  • China refused again Thursday to say whether it would attend a global conference aimed at ending the violence in Syria, as a bloody crackdown on protesters intensified. Moscow has already said it will boycott ...

  • NEW DELHI (Reuters) - India has asked Saudi Arabia to raise oil supplies by 4-5 million tonnes every year as the country is expanding its refinery capacity to meet growing consumption, Oil Minister S. ...

  • Japan is moving to resume loans to Myanmar after a quarter of a century, a report said Thursday, the latest move by the world community to bring the country in from the cold. Tokyo hopes to reach an agreement ...

  • SINGAPORE, Feb 23 (Reuters) - South Korea's Honam andMalaysia's Titan snapped up a total of 100,000 tonnes of naphthafor first-half April arrival, shortly after Taiwan's Formosascooped up similar volumes ...

  • SINGAPORE, Feb 23 (Reuters) - United Overseas Bank Ltd, the smallest of Singapore's three banking groups,posted on Thursday a 21 percent fall in fourth quarter netprofit in the absence of one-time gains. ...

  • Two-thirds of Hong Kong people think China's reported favourite to become the city's next leader should quit the race, a poll suggested Thursday as analysts warned of a "crisis" if he is elected. ...

  • An Italian minister on Thursday met with two of his country's soldiers being held in custody in southern India over the fatal shooting of two Indian fishermen. Italy's junior foreign minister Staffan De ...

  • (Reuters) - British engineering firm Bodycote (BOY.L) said it expected to gain more market share this year on the back of strong sales in emerging markets and its aerospace and defence segment. Shares ...

  • Senior US and North Korean diplomats began talks on Pyongyang's controversial nuclear programme on Thursday, in the first substantive contact between the two nations since leader Kim Jong-Il died. Glyn ...

  • Moet Hennessy, the wine and spirits unit of French luxury group LVMH, said on Thursday it will start producing red wine in the southwestern Chinese province of Yunnan, with bottling beginning in four to ...

  • Europe's main stock markets eased at the start of trading on Thursday as attention turned to news of heavy earnings losses at some of the region's biggest banks. London's FTSE 100 index nudged down 0.03 ...

  • By Dominic Lau and Mari Saito TOKYO (Reuters) - Japan's Nikkei share average rose on Thursday to end just below 9,600, underpinned by a softer yen which boosted risk appetite, as it headed towards its ...

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