SGX Online is an information resource for Singapore Exchange providing free stock quotes and the latest news on the SGX.Singapore Business NewsChina's premier calls for efforts to spur growthBEIJING (AP) - Premier Wen Jiabao called for more priority to be given to boosting China's slowing economic growth, a state news agency reported on Sunday, after unusually weak industrial activity in April prompted alarm about the world's second-largest economy. more... Sun, 20 May 2012 12:38:00 GMT Iran's budget revised higher at $579b TEHRAN (AFP) - Iran on Sunday announced an upward revision of its annual budget, as a rise in oil prices appeared to mitigate the impact of international sanctions on its economy. more... Sun, 20 May 2012 10:47:00 GMT 'Between catastrophe and Armageddon': the cost of a 'Grexit' BERLIN (AFP) - As the spectre looms ever larger of a Greek exit from the euro zone, economists have been making highly complex calculations of how much that bombshell would cost - with estimates as high as US$1 trillion (S$1.28 trillion). more... Sun, 20 May 2012 07:06:00 GMT Asia gaming shines despite China slowdown: Analysts HONG KONG (AFP) - Macau is still holding all the aces as the world's casino capital despite a slowdown in the Chinese economy, analysts said ahead of an international gaming expo in the former Portuguese colony. more... Sun, 20 May 2012 05:44:00 GMT US shares skid as Facebook IPO stumbles NEW YORK(AFP) - United States stocks slumped on Friday as Facebook's keenly awaited market debut disappointed, adding to bearish sentiment about Europe's financial woes. more... Fri, 18 May 2012 23:45:00 GMT Facebook shares falls flat in market debut NEW YORK (AFP) - Facebook stumbled in its first trading day on Friday as shares ended barely above the starting price after a glitch-plagued market debut on the Nasdaq that failed to live up to the enormous hype. more... Fri, 18 May 2012 23:23:00 GMT Euro crisis sparks sell-off on Asian bourses Stock markets across Asia plunged to their lowest levels in four months on Friday as Greece's debt crisis and increasing concern over shaky Spanish banks triggered a savage sell-off. more... Fri, 18 May 2012 22:00:00 GMT Facebook fever drives US stocks higher NEW YORK (AFP) - United States (US) stocks opened higher on Friday as investors awaited the historic market debut of Facebook, with Europe's financial crisis momentarily receding from view. more... Fri, 18 May 2012 13:54:00 GMT Singapore shares close 1.54% lower on Friday Singapore shares closed lower on Friday, with the benchmark Straits Times Index at 2,779.10 down 1.54 per cent, or 43.51 points. more... Fri, 18 May 2012 09:20:00 GMT Madrid stocks slide after banking downgrade MADRID (AFP) - Madrid share prices tumbled 2.28 per cent in opening trade on Friday, with banking stocks falling moderately after Moody's Investors Service downgraded 16 institutions. more... Fri, 18 May 2012 08:00:00 GMT Asian markets tumble on euro zone turmoil HONG KONG (AFP) - Asian markets resumed their downward trend on Friday as the euro zone debt crisis was stoked by a ratings downgrade for Greece and 16 Spanish banks, while weak United States (US) data added to the pessimism. more... Fri, 18 May 2012 05:06:00 GMT The Straits Times to hold 167th birthday bash at Gardens by the Bay In celebration of its 167th birthday, The Straits Times (ST) will hold a carnival and concert at the newly-opened Gardens by the Bay on Sunday, July 15, as part of its efforts to deepen engagement with its readers and the community. more... Fri, 18 May 2012 04:41:00 GMT Hewlett-Packard to cut 30,000 jobs NEW YORK (AFP) - Struggling Hewlett-Packard (HP) will unveil a vast restructuring plan next week that will include axing about 30,000 jobs, Dow Jones's AllThingsD reported on Thursday. more... Fri, 18 May 2012 00:35:00 GMT Facebook sets richest tech IPO in motion NEW YORK (AFP) - Facebook on Thursday set in motion the richest-ever share offering for a technology firm, raising US$16 billion (S$20.3 billion) in an operation valuing the world's biggest social network at US$104 billion. more... Fri, 18 May 2012 00:11:00 GMT US stocks lose over 1% on Europe fears US stocks lose over 1% on Europe fears NEW YORK (AFP) - United States (US) stocks piled up losses on Thursday as negative news continued from Europe, with Greece's woes deepening and Spain falling into recession. more... Thu, 17 May 2012 23:51:00 GMT British insurer Aviva to plan strategic review after CEO quits LONDON (AFP) - British insurer Aviva on Thursday said it planned a strategic review of all its businesses and to strengthen its capital base after the recent resignation of its chief executive officer. more... Thu, 17 May 2012 22:00:00 GMT Spain falls into recession as EU gears up for crisis talks MADRID (AFP) - Spain tumbled into recession and European stock markets fell on Thursday as Greece installed a crisis government to tackle its crippling debt and top EU leaders prepared for crisis talks. more... Thu, 17 May 2012 22:00:00 GMT Buffett makes big bet on small newspapers WASHINGTON (AFP) - Billionaire Warren Buffett's holding company unveiled plans on Thursday to pour millions into a chain of small newspapers, saying they represent 'an important institution' for communities. more... Thu, 17 May 2012 13:42:00 GMT Iran's parliament approves $586b budget, 9% less than last year TEHRAN, Iran (AP) - Iran's parliament on Thursday signed off on a US$462 billion (S$586 billion) budget bill for the current Iranian year that is about 9 per cent less than the budget approved in the previous calendar year, a consequence attributed to the new exchange rate of the United States (US) dollar. more... Thu, 17 May 2012 11:21:00 GMT UK's Cameron urges action to resolve euro crisis LONDON (AP) - British Prime Minister David Cameron on Thursday urged Europe to sort out its currency crisis, calling on the 17-country euro zone 'to make-up or it is looking at a potential break-up'. more... Thu, 17 May 2012 10:42:00 GMT Singapore shares close lower on Thursday, down 0.30% Singapore shares closed lower on Thursday, with the benchmark Straits Times Index at 2822.61, down 0.30 per cent, or 8.54 points. more... Thu, 17 May 2012 09:28:00 GMT HSBC says turnaround plan on target, costs cut by $2.5b HONG KONG (REUTERS) - HSBC, Europe's biggest bank, said it has made sustainable cost savings of US$2 billion (S$2.5 billion) after one year of a 3-year turnaround plan, and is on target to meet its return on equity and other financial targets. more... Thu, 17 May 2012 07:18:00 GMT Japan bank freezes Iran accounts after court order TOKYO (AFP) - A Japanese bank has halted transactions by the Iranian government after a United States (US) court ordered a US$2.6 billion (S$3.3 billion) basset freeze over the 1983 bombing of US barracks in Beirut, a bank spokesman said on Thursday. more... Thu, 17 May 2012 06:46:00 GMT Facebook may be economic, jobs driver Out of thin air, Facebook is evolving into a global driver of jobs and economic growth. more... Thu, 17 May 2012 03:55:00 GMT JPMorgan hit with shareholders lawsuit over loss NEW YORK (AFP) - United States (US) fund manager Saratoga Capital Management, filed a class-action lawsuit against JPMorgan Chase on Wednesday after the nation's largest bank lost more than US$2 billion (S$2.52 billion) in derivatives trading. more... Wed, 16 May 2012 22:53:00 GMT |
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