SINGAPORE STOCK MARKET | 2012-01-16

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   Headlines for ChannelNewsAsia, dated: 2012-01-19

India eyes foreign investment in ailing airlines
NEW DELHI: India's aviation and finance ministers urged Tuesday that foreign airlines be allowed to buy stakes of up to 49 percent in local carriers to provide vital cash injections for the struggling industry.


   Asian stocks rise on IMF crisis-fighting plan
HONG KONG – Asian markets mostly rose Thursday, tracking gains on Wall Street amid positive US economic data and International Monetary Fund plans to boost its coffers for crisis fighting.

Indonesia's foreign direct investment hits record
JAKARTA – Indonesia's foreign direct investment hit a record US$20 billion last year, with Singapore, Japan and the United States among the Southeast Asian nation's top investors, the trade minister said Thursday.

Japan ready to help Europe through IMF
TOKYO: Japan said on Thursday it was ready to answer an International Monetary Fund call for extra cash to help Europe steer a course through its sovereign debt crisis, a report said.

US camera pioneer Kodak files for bankruptcy
NEW YORK: The century-old US camera pioneer Eastman Kodak, which brought photography to the masses, filed for bankruptcy early Thursday after years of failing to keep pace with the digital age.

Oil prices higher in Asian trade
SINGAPORE: Oil prices were higher in Asian trade Thursday, supported by news that the International Monetary Fund seeking to boost its coffers to aid in crisis intervention, analysts said.

Asian markets rise on IMF crisis-fighting plan
HONG KONG: Asian markets mostly rose Thursday, tracking gains on Wall Street amid positive US economic data and International Monetary Fund plans to boost its coffers for crisis fighting.

Australian jobless rate steady at 5.2%
SYDNEY: Australia's unemployment rate remained steady at 5.2 percent in December, latest data showed, beating economist expectations.

Republican-led US House 'disapproves' debt hike
WASHINGTON: The Republican-led House of Representatives Wednesday passed a largely symbolic measure condemning a hike in the US debt ceiling as political battles over government finances resumed.

New Zealand inflation falls in December quarter
WELLINGTON: New Zealand's inflation rate fell 0.3 percentage points in the three months to December, in a surprise result analysts said would likely see interest rates remain on hold in coming months.