UPDATE 1-ON THE MOVE-JPMorgan's Flavel going to Singapore

May 16, 2012 | BUSINESS

SINGAPORE, May 16 (Reuters) – JPMorgan's head ofhigh-net-worth business, Peter Flavel, is relocating toSingapore from Hong Kong to boost its private banking presencein the city-state and build its regional … (read on…) – BUSINESS Related items ON THE MOVE-JPMorgan's Flavel going to Singapore Singapore retail industry faces challenges ahead P&G shifts top executives to...

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ON THE MOVE-JPMorgan's Flavel going to Singapore

May 16, 2012 | BUSINESS

SINGAPORE, May 16 (Reuters) – JPMorgan's head ofhigh-net-worth business, Peter Flavel, is relocating toSingapore from Hong Kong to boost its private banking presencein the city-state and build its regional … (read on…) – BUSINESS Related items UPDATE 1-ON THE MOVE-JPMorgan's Flavel going to Singapore Singapore retail industry faces challenges ahead P&G shifts top executives...

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Kulicke & Soffa to Further Strengthen its Presence in Asia with the Expansion of its Singapore Global Headquarters

May 16, 2012 | BUSINESS

Kulicke & Soffa , a global leader in the design and manufacture of semiconductor assembly equipment, today announced the further strengthening of its presence in Asia with the planned expansion of its Singapore global headquarters. (read on…) – BUSINESS Related items Peru leader set for key Asia trip Business leader Barnett off to Indonesia...

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Picture of the Day: An M-Class Solar Flare

May 16, 2012 | TECHNOLOGY

NASA's Solar Dynamics Observatory captured this colorized image of an M4.7 class solar flare last Thursday during a period of increased activity in sunspot AR 1476, a massive area 60,000 miles across. … ( read here … ) – TECHNLOGY Related items Asia Report: Solar Dumping Announcement Set for May 17 Central bank fears...

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Asia Report: Solar Dumping Announcement Set for May 17

May 16, 2012 | TECHNOLOGY

Seven months after a trade investigation was launched, American solar companies and Chinese solar manufacturers will finally get a clear picture of the challenges ahead. ( read here … ) – TECHNLOGY Related items Picture of the Day: An M-Class Solar Flare Central bank fears electronics drag on Singapore growth SolarWorld: U.S. Trade Ruling...

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Singapore Stock Market Expected To Open Lower

May 16, 2012 | FINANCE

The Singapore stock market has moved lower now in consecutive trading days, giving away almost 40 points or 1.3 percent in the process. The Straits Times Index wound up just shy of the 2,865-point plateau, and now traders are bracing for more carnage when the market opens on Tuesday. ( read on here …...

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STOCKS NEWS SINGAPORE-Shares fall to 4-month low by midday

May 16, 2012 | FINANCE

Singapore shares slid to a near four-month low by midday,dragged by losses on Olam International's stock afterit reported worse-than-expected quarterly earnings. The failure of Greece to form a government … ( read on here … ) – FINANCE Related items STOCKS NEWS SINGAPORE-Down by midday; NOL outperforms STOCKS NEWS SINGAPORE-Shares down at midday; Wilmar...

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Gold falls to 4-1/2 month low on Greece risks

May 16, 2012 | FINANCE

SINGAPORE (Reuters) – Gold dropped to its lowest since late December as the euro sank against the U.S. dollar on worries that a worsening debt crisis in Greece could spill over into its neighbours and threaten the existence of the single currency. But lower bullion prices triggered a flurry of activity in the physical...

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Finance Ministry to review salary cap for workers whose companies turn insolvent

May 16, 2012 | FINANCE

SINGAPORE: The Ministry of Finance will review the salary cap for workers in the event their company turns insolvent. ( read on here … ) – FINANCE Related items Government securities issuance limit raised Firms to get help to upgrade MOF responds to Public Accounts Committee's recommendations Govt to ensure fair procurement system Singapore...

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Facebook co-founder Saverin to stay in Singapore

May 16, 2012 | FINANCE

SINGAPORE: Facebook co-founder Eduardo Saverin intends to stay in Singapore but has no plans to take up citizenship after giving up his US passport, a move that could save him millions in taxes, his spokesman said. ( read on here … ) – FINANCE Related items Bits Blog: A Facebook Founder Renounces His U.S....

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Brent falls towards $111 on Greece jitters

May 16, 2012 | FINANCE

SINGAPORE (Reuters) – Brent crude futures fell towards $111 a barrel on Tuesday as Greece's political and economic turmoil deepened and worries that the debt-laden country could leave the euro zone sparked a sell-off in dollar-denominated commodities. Brent prices slid for a fourth consecutive day, hammered also by fears of a slowdown in the...

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STOCKS NEWS SINGAPORE-OCBC cuts Swiber target price

May 16, 2012 | NEWS

OCBC Investment Research cut its target price for SwiberHoldings to S$0.61 from S$0.75 and kept its holdrating, citing the offshore services firm's high net debt. Shares of Swiber were flat at S$0.56 and … (read on…) – NEWS Related items STOCKS NEWS SINGAPORE-OCBC starts COSCO at hold STOCKS NEWS SINGAPORE-OCBC cuts CapitaLand target price...

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Macquarie, UOB place bids for ING Asia arm: sources

May 16, 2012 | BUSINESS

HONG KONG (Reuters) – Macquarie Group , U.S.-based Principal Financial Group and Singapore's United Overseas Bank are among suitors that have submitted bids for ING's Asian asset management business in a deal that may be worth around $500 million to $600 million, said sources familiar with the matter. ING is selling its Asian asset...

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SATS Profits Drop Nearly 11 Percent As Costs Rise By More Than 27 Percent

May 16, 2012 | BUSINESS

SATS commands around 80 percent of the ground handling business at Singapore Changi Airport. (read on…) – BUSINESS Related items Singapore Airlines flies to Sao Paulo Singapore Builds New Airport Terminal Singapore Changi airport plans new budget terminal Facebook's Saverin looks East CS Deals Chief Boon Sim Heads to Temasek

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Marina Bay is Singapore’s hub of prosperity: fengshui experts

May 16, 2012 | BUSINESS

Feng shui experts have called the Marina Bay area a hub of prosperity for Singapore. And as long as the landmarks around it prosper, so will the country. (read on…) – BUSINESS Related items CHRIS JOHN SUCCESSFULLY DEFENDS WBA FEATHERWEIGHT TITLE FOR 15TH TIME IN 8 YEARS; SINGAPORE DOUBLE-TITLE FIGHT REPORT … SINGAPORE DOUBLE-CHAMPIONSHIP...

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Internet Society Launches Regional Office in Singapore

May 16, 2012 | BUSINESS

The Internet Society today announced the formal opening of its regional office in Singapore, which will be headed by Rajnesh Singh, Regional Director for the Internet Society’s Asia-Pacific Bureau. (read on…) – BUSINESS Related items Facebook's Saverin looks East CS Deals Chief Boon Sim Heads to Temasek Landmarks unit signs MOU with Decennia Singapore...

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CapitaLand Leads Developers Lower on Curbs: Singapore Mover

May 16, 2012 | REAL ESTATE

CapitaLand Ltd. (CAPL) paced declines by Singapore developers on concerns the government may introduce additional measures to cool the housing market after home sales in April rose to the highest in three years. ( the story … ) – REAL ESTATE Related items CapitaLand First-Quarter Profit Rises 31% on Asset Sale, Malls CapitaLand Fourth-Quarter...

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STOCKS NEWS SINGAPORE-Property shares fall on policy concerns

May 16, 2012 | REAL ESTATE

Shares in Singapore developers such as CapitaLand Ltd fell after persistently strong property data added toworries that the government may introduce more measures to coolthe housing market. CapitaLand, … ( the story … ) – REAL ESTATE Related items STOCKS NEWS SINGAPORE-Muted take-up for CapitaLand's new project-DMG STOCKS NEWS ASEAN-Brokers hold neutral view of...

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