SINGAPORE STOCK MARKET NEWS | 2012-02-18

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   Headlines for ChannelNewsAsia, dated: 2012-02-21

More flights grounded as Frankfurt airport strike continues
FRANKFURT : Nearly 200 flights were cancelled at Frankfurt airport, Europe's third busiest, on Tuesday as tarmac workers downed tools for the fourth day and said the strike would be extended until Friday.


   Euro jumps on Greece deal, Asian shares up
HONG KONG: The euro jumped against the dollar in Asian trade Tuesday after eurozone finance ministers approved a 237-billion-euro bailout for crisis-ridden Greece, with regional shares also mostly higher.

Indonesia's Mandala Airlines cleared to fly again
SINGAPORE: Indonesian carrier PT Mandala Airlines has been cleared to fly after being grounded for a year due to massive debt, according to its second-biggest shareholder, Tiger Airways.

Japan's Mazda dives on report of new share issue
TOKYO: Shares in Japan's Mazda Motor tumbled more than 14 percent on Tuesday after reports that the troubled car maker plans to raise 100 billion yen (US$1.25 billion) in a new share issue.

India's Kingfisher airline fights for survival
NEW DELHI : India's Kingfisher Airlines was struggling to avoid closure on Tuesday as regulators ordered it to prove its operational viability after mass cancellations of flights.

Taiwan's China Steel to invest in Australia mine
TAIPEI: China Steel Corp, Taiwan's largest steel producer, said Tuesday its board of directors had approved a plan to invest about A$102 million ($110 million) in an Australian coal mine.

China firm preparing for Apple iPad talks
SHANGHAI: A Chinese firm involved in a trademark row with Apple over the iPad name is preparing for talks with the US technology giant, the Chinese firm's lawyer said Tuesday, raising hopes for a settlement.

Apple settles iPhone 4 antenna lawsuit
SAN FRANCISCO: Apple has reached a settlement over a class-action lawsuit filed over the antenna problem which dogged the 2010 launch of its iPhone 4, according to a statement published on Monday.

RHB Bank to expand regionally
MALAYSIA: RHB Capital has Malaysia's wealthy Chinese community firmly in its sights, as part of its strategy to merge with the country's biggest broker, OSK Investment Bank.

Eurozone seals unprecedented Greek bailout deal
BRUSSELS, Belgium: Finance ministers sealed an unprecedented deal early Tuesday for a new 237-billion-euro ($310 billion) bailout designed to keep Greece in the eurozone.

Euro down against yen over Greek debt jitters
TOKYO: The euro edged down against the yen in Asian trade on Tuesday as investors nervously awaited crucial eurozone talks on approving a massive new bailout for Greece.