SINGAPORE STOCK MARKET | 2012-07-13

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   Headlines for ChannelNewsAsia, dated: 2012-07-16

Asia markets rise on Wall St rally; China slumps
HONG KONG: Asian shares edged higher Monday on the back of a strong Wall Street rally, but Chinese stocks plunged to a new three-year low after growth in the world's second-largest economy slowed.


   Indian inflation falls slightly to 7.25%
NEW DELHI – India's inflation slowed to 7.25 percent in June from a year earlier, official data showed Monday, but it remained above the central bank's comfort level, making further rate cuts difficult.

China shares drop 1.74% to 3-year low
HONG KONG: Chinese shares fell to a new three-year low Monday, dropping 1.74 per cent on concerns slowing economic growth could see company profits fall, dealers said.

India must carry out "difficult" economic reforms: Obama
WASHINGTON: Noting that India prohibited foreign investment in too many sectors such as retail, United States President Barack Obama on Monday morning cited concerns over deteriorating investment climate there to endorse another "wave" of economic reforms.