SINGAPORE STOCK MARKET | 2012-02-26 

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   Headlines for ChannelNewsAsia, dated: 2012-02-29

Malaysia's Sime Darby fiscal Q2 profit up 26%
KUALA LUMPUR: Malaysian palm oil giant Sime Darby said net profit rose 26 percent to 1.16 billion ringgit ($387 million) in its second quarter on higher palm oil prices and improved plantation yields.


   Standard Chartered annual net profit up 12%
HONG KONG: Standard Chartered bank said it saw a record net profit of 3.53 billion euros ($4.75 billion) in 2011, boosted by strong performance in developing economies.

India growth slips to 6.1% in Oct-Dec
NEW DELHI: India's economic growth slowed to a worse-than-expected 6.1 per cent in the final three months of 2011, latest data showed, hit by a string of interest rate hikes and a sluggish global economy.

Asian markets up ahead of ECB bank lending move
HONG KONG: Asian markets extended their gains Wednesday on optimism ahead of another ECB refinancing operation while US stocks provided a strong cue after closing at a near four-year high.

Failed Air Australia owes US$97 million
SYDNEY: Collapsed budget carrier Air Australia owes creditors A$90 million (US$97 million) and a government rescue package will cover little more than half of its unpaid wages, a report said Wednesday.

Japan industrial production up 2.0% in January
TOKYO: Japan's industrial production in January rose by a bigger-than-expected 2.0 per cent from the previous month as companies stepped up output of cars and electronic products, the government said Wednesday.