Singapore
Singapore's largest bank to cut 900 jobs after sharp profit drop
Submitted by Marina Dimova on Sat, 11/08/2008 - 06:17.
DBS Group, Singapore's largest bank, announced 900 jobs cuts after it suffered a sharp drop in third quarter profit, a news report said Saturday.
Singapore Exchange to launch extended settlement contracts
Submitted by Marina Dimova on Wed, 11/05/2008 - 07:32.The Singapore Exchange announced Wednesday that it would launch extended settlement contracts beginning January 23 to expand the range of investments available to investors in the city-state.
Singapore market rebounds as investors snatch up bargains
Submitted by Marina Dimova on Mon, 11/03/2008 - 13:03.Singapore stocks rose 4.99 per cent Monday as investors went bargain hunting, but analysts warned of continuing volatility ahead.
Singapore Exchange seeks more listings from China with agreement
Submitted by Marina Dimova on Mon, 11/03/2008 - 13:01.
Singapore Exchange Ltd on Monday signed an agreement with the government of China's south-eastern coastal province of Fujian to promote the listing of Fujian companies on the Singapore market.
Twenty-one Fujian firms with a total market capitalization of 4.2 billion Singapore dollars (2.86 billion US dollars) are already listed on the Singapore Exchange.
Singapore central bank sets up swap facility with US Fed Reserve
Submitted by Marina Dimova on Thu, 10/30/2008 - 09:09.The US Federal Reserve, the Banco Central do Brasil, the Banco de Mexico, the Bank of Korea, and the Monetary Authority of Singapore (MAS) Thursday announced the establishment of temporary reciprocal currency arrangements (swap lines).
Singapore's Lee sees 3-5 per cent growth for East Asia
Submitted by Marina Dimova on Sat, 10/25/2008 - 08:53.East Asia should be able to achieve an annual economic growth of 3 per cent to 5 per cent considering the current global financial crisis, Singapore's Minister Mentor Lee Kuan Yew said, in press reports Saturday.
Giving the assessment, Lee was upbeat about Asian economic growth supported by China and India.
Singapore sees share sell-off, market plunges 8.33 per cent
Submitted by Marina Dimova on Fri, 10/24/2008 - 10:16.Investors shed their shares Friday from the opening bell at the Singapore Exchange for fears of the global downturn's impact on corporate performances and the fate of developing economies.
The Straits Times Index crashed to 1591.48 points towards the closing bell but made a slight flip to close at 1600.28, down by a huge 145.39, or 8.33 per cent.
Singapore September manufacturing output up 2.4 per cent
Submitted by Marina Dimova on Fri, 10/24/2008 - 08:15.Singapore's manufacturing output in September grew 2.4 per cent compared with the same month last year, the Economic Development Board said Friday.
However, the cumulative manufacturing output for the first nine months of the year shrank 1.9 per cent compared with the same period of last year, in view of slackening global demand.
London - Aero-engine maker Rolls-Royce said Thursday it would cut up to 2,000 jobs worldwide as a result of the current economic "uncertainties."
Washington - Buying a new computer usually involves comparing models. Comparisons are more difficult than they used to be, as the number of choices has grown and manufacturers have started marketing computers with specific uses in mind.
Indian authorities have issued a birth certificate to a Japanese baby born to an Indian surrogate mother, easing the way for her Japanese father to take her home, news reports said Saturday.
