SGX Online is an information resource for Singapore Exchange providing free stock quotes and the latest news on the SGX.Singapore Business NewsUBS 2011 posts profit of $5.7 billion, down on 2010GENEVA (AFP) - Swiss banking giant UBS on Tuesday posted a net profit of 4.2 billion Swiss francs (S$5.7 billion) for 2011, down 44 per cent on the previous year, and forecast a tough first quarter due to the economic crisis. more... Tue, 07 Feb 2012 08:42:00 GMT Glencore reaches merger agreement with Xstrata ZURICH (AFP) - The Swiss-based commodities trader Glencore said on Tuesday it had reached agreement with Swiss mining group Xstrata on a merger that would create a global group worth US$90 billion (S$112 billion). more... Tue, 07 Feb 2012 08:39:00 GMT Toyota 9-month net profit down more than half TOKYO (AFP) - Toyota on Tuesday said its nine-month net profit fell 57.5 per cent to 162 billion yen (S$2.6 billion) on year, blaming the continued impact of the March 11 disaster, Thai floods and a strong yen. more... Tue, 07 Feb 2012 07:28:00 GMT Singapore shares higher at midday on Tuesday Singapore shares were 0.24 per cent higher at 12.44pm on Tuesday. The STI was up 7.00 points at 2,947.10. more... Tue, 07 Feb 2012 04:48:00 GMT Mitsubishi to sell Dutch plant 'for 1 euro' if jobs kept TOKYO (AFP) - Japan's Mitsubishi Motors is willing to sell its Netherlands factory 'for one euro' if the buyer is prepared to keep employing the 1,500 workers there, the company president has said. more... Tue, 07 Feb 2012 03:49:00 GMT US CEO gives up $124 million payout after complaints WASHINGTON (AFP) - The ex-chief executive of drilling rig operator Nabors Industries gave up a US$100 million (S$124.3 million) departure payout after shareholder complaints of excessive pay, the company said on Monday. more... Tue, 07 Feb 2012 00:17:00 GMT US bows to EU, Japan in 'zeroing' trade row WASHINGTON (AFP) - The United States on Monday said it has bowed to demands from the European Union and Japan to end its controversial 'zeroing' antidumping practice. more... Mon, 06 Feb 2012 22:58:00 GMT US stock market down as traders take profit NEW YORK (AFP) - US stock markets closed in the red on Monday as traders booked profits after last week's surge and looked warily at the lack of a deal between Greece and its bondholders. more... Mon, 06 Feb 2012 22:17:00 GMT US stock market mixed as traders take profit NEW YORK (AFP) - United States (US) stock markets opened mixed on Monday as traders booked profits after last week's surge and looked warily at the lack of a deal between Greece and its bondholders. more... Mon, 06 Feb 2012 15:11:00 GMT Starbucks sets up joint venture in China BEIJING (AFP) - United States coffee chain Starbucks has set up a joint venture with a Chinese company to buy and process coffee beans in China's southwestern province of Yunnan, state media said on Monday. more... Mon, 06 Feb 2012 13:47:00 GMT Lamborghini to follow Porsche with SUV PARIS/BERLIN (REUTERS) - Lamborghini, the maker of low-slung supercars once advertised as 'closer to the road', is planning a new model that will be further from the tarmac than ever: a sport utility vehicle (SUV). more... Mon, 06 Feb 2012 12:31:00 GMT Taiwan's government starts special monitoring of global economy TAIPEI (REUTERS) - Taiwan's government has set up a special monitoring team to watch global economic developments, as it sees Europe's debt crisis in particular as having the potential to inflict serious damage on the island's export-led economy. more... Mon, 06 Feb 2012 10:37:00 GMT Singapore shares close 0.76% higher on Monday Singapore shares closed 0.76 per cent higher on Monday. The STI was up 22.15 points at 2,940.10. more... Mon, 06 Feb 2012 09:15:00 GMT China likely to play it safe on helping Europe by going through IMF BEIJING (REUTERS) - Chinese Premier Wen Jiabao raised hopes in Europe when he pledged to consider deepening Chinese participation in European bailout funds, but there is little indication that China is prepared to go out on a limb with a direct contribution. more... Mon, 06 Feb 2012 08:18:00 GMT Suzuki sales slip, downgrades annual forecast TOKYO (AFP) - Japan's Suzuki Motor said on Monday its net profit fell 4.7 per cent for the nine months to December and downgraded its annual sales forecast due to the impact of a strong yen and a slump in India. more... Mon, 06 Feb 2012 07:51:00 GMT Suzuki sales slip, downgrades annual forecast TOKYO (AFP) - Japan's Suzuki Motor said on Monday its net profit fell 4.7 per cent for the nine months to December and downgraded its annual sales forecast due to the impact of a strong yen and a slump in India. more... Mon, 06 Feb 2012 07:51:00 GMT Japan's Mitsubishi Motors to end production in Europe TOKYO (AFP) - Japan's Mitsubishi Motors said on Monday it would stop manufacturing automobiles in Europe by the end of 2012, blaming a difficult operating environment in the debt-hit continent. more... Mon, 06 Feb 2012 05:40:00 GMT Japan's Mitsubishi Motors to end production in Europe TOKYO (AFP) - Japan's Mitsubishi Motors said on Monday it would stop manufacturing automobiles in Europe by the end of 2012, blaming a difficult operating environment in the debt-hit continent. more... Mon, 06 Feb 2012 05:40:00 GMT Boeing faces new problem with Dreamliner: Report WASHINGTON (AFP) - United States aircraft manufacturer Boeing has discovered a manufacturing error causing delamination in a fuselage section of some 787 Dreamliners, The Seattle Times reported on Sunday. more... Mon, 06 Feb 2012 03:52:00 GMT Qantas chief slams pro-Australia laws as 'major threat' to airline SYDNEY (AFP) - Qantas chief Alan Joyce on Monday warned the airline would be forced to slash services and expressed 'grave fears' for its future if proposed laws strengthening its ties to Australia went ahead. more... Mon, 06 Feb 2012 02:34:00 GMT Facebook looks to mobile devices for revenue LONDON (REUTERS) - Facebook, the social network giant, is set to begin showing advertisements to users on mobile devices before its US$5 billion (S$6.2 billion) initial public offering, the Financial Times reported on Monday. more... Mon, 06 Feb 2012 01:57:00 GMT Barclays boss to receive $5.9 million bonus for work in 2011 LONDON (AFP) - Barclays chief executive Bob Diamond is to receive a bonus of up to 3 million pounds (S$5.9 million) for his work in 2011, reports said on Sunday. more... Sun, 05 Feb 2012 22:00:00 GMT Sanctions-hit Iran turns increasingly to Asia TEHERAN (AFP) - Grappling with US and EU sanctions that have become progressively tougher over the past 18 months, Iran is increasingly turning to Asia - in particular to China, now its top trading partner. more... Sun, 05 Feb 2012 05:07:00 GMT ECB to bide its time on rates this week: Analysts FRANKFURT (AFP) - The European Central Bank, after two rate cuts and a series of unprecedented liquidity measures, will hold its fire this month, as it assesses the impact of those previous measures, analysts say. more... Sun, 05 Feb 2012 05:01:00 GMT Europe warned crisis pulling it apart towards 'early grave' MUNICH, Germany (AFP) - Italy's prime minister warned on Saturday the euro zone crisis was pulling the continent apart, amid warnings from Australia and the World Bank that the turmoil could sideline Europe. more... Sat, 04 Feb 2012 23:29:00 GMT |
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