Singapore Stock Blog

Greece to ask EU payback for "sacrifices"
ATHENS: Greek Prime Minister Antonis Samaras will ask EU partners on Thursday to "respond to sacrifices" by recession-hit Greeks, and seek changes to the conditions of a second EU-IMF bailout, a report said.

China defends limits on rare earths exports
BEIJING : China on Thursday defended its limits on exports of rare earths, after major trading partners sought litigation through the World Trade Organization (WTO) in a months-long dispute.

Asian market gains capped by EU summit doubts
HONG KONG : Asian markets mostly rose Thursday on a positive lead from Wall Street but gains were capped by low expectations of a breakthrough at a key EU summit on the spiralling eurozone debt crisis.

PM urges revival of Indian economy's 'animal spirit'
NEW DELHI: Indian Prime Minister Manmohan Singh has urged finance officials to revive the economy's "animal spirit" and reverse a climate of pessimism at a time of sharply decelerating growth.

German MPs set to approve crisis-fighting tools
BERLIN: German lawmakers are expected to approve two key tools for battling Europe's debt crisis Friday after weeks of wrangling to ensure Chancellor Angela Merkel secures broad backing for the measures.

All eyes on tense summit as euro crisis deepens
BRUSSELS: EU leaders debate "a big leap forward" to strengthen their union and save the euro at a two-day summit starting Thursday, but divisions may scuttle efforts to bring the currency back from the brink.

S. Korea's current account surplus hits 6-month high
SEOUL: South Korea's current account surplus hit a six-month high in May as dividend payments to foreign investors declined and the service sector improved, figures showed Thursday.