Posts Tagged ‘ Reuters ’

Gold rises to 8-week high, firm euro supports

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SINGAPORE (Reuters) – Gold extended gains on Thursday, rising to its highest level in nearly two months, as the euro firmed on upbeat global manufacturing data and expectations that a Greek debt deal to avoid a messy default was close at hand. Investors are now eyeing the release of U.S. weekly jobless claims data...

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Southeast Asian airlines to profit as Myanmar opens

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By Harry Suhartono SINGAPORE, Jan 30 (Reuters) – Southeast Asian carriersare set to profit from the expected surge in the number ofleisure and business travellers to Myanmar as it re-emerges frompolitical … (read the story…) Related items Singapore best place in Asia for expats: survey Some exchange executives turn cool on merger mania It...

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Singapore's Olam in $400 mln Russian dairy and grains partnership

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SINGAPORE, Jan 30 (Reuters) – Singapore's commoditytrader Olam International is partnering Russian DairyCompany LCC (RUSMOLCO) in the dairy and grains business in amove to invest $400 million over four … (read on…) Related items UPDATE 1-Singapore's Olam in $400 mln Russian partnership Singapore Hot Stocks-Olam falls as poor sector outlook seen Farming System shareholders...

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Singapore Stocks-Caution seen; KepCorp, United Fiber eyed

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SINGAPORE, Jan 27 (Reuters) – Singapore shares mayhave a cautious start on Friday after U.S. stocks fellovernight, as investors await clearer signals on the directionof the global economy ahead of a European … (read more here…) Related items Singapore Stocks-Cautious start seen; SingTel in focus Singapore Stocks-May see weak start; OCBC in focus Singapore...

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Singapore raises sea defences against tide of climate change

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SINGAPORE (Reuters) – A 15-km (10 mile) stretch of crisp white beach is one of the key battlegrounds in Singapore's campaign to defend its hard-won territory against rising sea levels linked to climate change. Stone breakwaters are being enlarged on the low-lying island state's man-made east coast and their heights raised. Barges carrying imported...

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Indonesia's tin crown dented, but still fits

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JAKARTA (Reuters) – When Johan "Jim" Murod joined Indonesia's tin rush some three years ago and began his family-run smelting business, prices of the industrial metal were about to go through the roof. From 2009 until April last year, benchmark prices for tin, mainly used in soldering for electronics, more than tripled to a...

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Greek debt uncertainty checks share rally

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LONDON (Reuters) – The stalemate in talks to restructure privately held Greek debt checked gains in European shares and kept the euro steady ahead of a two-day finance ministers meeting that is expected to decide the terms of further aid for Greece. Private creditors said on Sunday they had come to the limits of...

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REFILE-UPDATE 1-Singapore OCBC's CEO to step down after a decade

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* Analyst sees Conner's exit as negative for OCBC * Conner led acquisition in Indonesia; bought ING Asiaprivate bank * OCBC shares double over the past decade, outperform rivals (Adds missing word in quote, fixes format) SINGAPORE, Jan 17 (Reuters) – David Conner, chiefexecutive of OCBC, Singapore's second-biggest bank, isstepping down after a 10-year...

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Singapore's Sembcorp Marine reviewing STX OSV stake-source

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SINGAPORE, Jan 17 (Reuters) – Sembcorp Marine, the world's second largest rig-builder, isconsidering buying the 50.75 percent stake in Singapore-listedvessel builder STX OSV Holdings Ltd but has not yettaken a final decision, a source close to the deal said. "We are doing some review on this," the source told Reuterson Tuesday. The company was...

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Singapore Airlines Dec load factor edges up from Nov

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SINGAPORE, Jan 16 (Reuters) – Singapore Airlines (SIA) filled 68.6 percent of the space available on itsplanes for passengers and cargo in December, higher than 67.2percent reported in November. Compared with a year ago, the load factor was down 1.2percentage points as the airline put more capacity into itspassenger and cargo business, the world's...

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BRIEF-Moody's drops rtgs on Pacific International Lines

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Dec 20 (Reuters) – Pacific International Lines (Private) Limited * Moody's withdraws ratings on Pacific International Lines (more business here…) Related items BRIEF-Moody’s drops rtgs on Pacific International Lines Blue Pacific Flavors Announces Strategic Investment by Wilmar International Limited Grain News Singapore's Olam in $400 mln Russian dairy and grains partnership Singapore raises sea...

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Deutsche hires ex Merrill banker to boost corp finance business

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SINGAPORE, Jan 5 (Reuters) – Deutsche Bank has hired three former Bank of America Merrill Lynch bankers to boost its corporate finance business in Indonesia,the bank said on Thursday. Deutsche hired Indira Citrarini to become the head ofcorporate finance for Indonesia along with Siantoro Goeyardi andKusnadi Pradinata who join as director and vice presidentrespectively....

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