SINGAPORE STOCK MARKET NEWS | 2012-01-15

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   Headlines for ChannelNewsAsia, dated: 2012-01-18

Asian markets mostly higher but Europe weighs
HONG KONG – Asian markets mostly rose on Wednesday, extending the previous day's rally thanks to upbeat US and German data as well as successful bond auctions in Spain and Greece.


   India says meeting deficit target 'major challenge'
NEW DELHI: Meeting India's fiscal deficit target will be a "major challenge," Finance Minister Pranab Mukherjee admitted on Wednesday, adding that the South Asian economy faced a difficult few months ahead.

S.Korea central bank to lift investment in China
SEOUL: South Korea's central bank promised to gradually increase investments in yuan-denominated assets after being given a licence to invest in Chinese stocks and bonds.

Shareholder sues Olympus board for firing Briton
TOKYO: A single Japanese shareholder of scandal-hit Olympus has sued 14 board members who sacked whistle-blowing British former chief executive Michael Woodford, according to lawyers.

China home prices fall in most cities in December
SHANGHAI: Home prices in nearly three-quarters of China's major cities fell in December from November, data released Wednesday showed, as the government stood firm on reining in property speculation.

China's foreign direct investment up 9.7% in 2011
BEIJING: Foreign direct investment in China rose 9.7 per cent last year to a record $116.0 billion, as Asian countries boosted spending despite the global economic turmoil, the government said Wednesday.

World Bank cuts global economic growth forecasts
WASHINGTON: The World Bank slashed its global economic growth forecasts Tuesday and warned that rich nations' debt problems may yet reap a crisis that would eclipse the tumult of 2008.

US House to reject Obama's request on raising debt ceiling
WASHINGTON: The House of Representatives returns to business after a three-week break with a symbolic vote planned Wednesday rejecting President Barack Obama's request to raise the national debt ceiling.