SINGAPORE STOCK MARKET NEWS | 2012-07-14
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Headlines for ChannelNewsAsia, dated: 2012-07-17
Japan Airlines dismisses budget airlines threat
HONG KONG: Japan Airlines said on Tuesday the country's booming budget carrier market would not pose a "tremendous" threat to the flag carrier, which went bust in one of the nation's biggest-ever bankruptcies.
British inflation rate slides to 2.4% in June
LONDON: British 12-month inflation fell to a rate of 2.4 percent in June – which was the lowest level for two and a half years, official data showed on Tuesday.
Asian shares in broad-based rise
HONG KONG – Asian shares were widely up Tuesday, led by a sharp rise in Hong Kong, amid hopes of Chinese and US stimulus measures ahead of Federal Reserve Chairman Ben Bernanke appearing before Congress.
Alcatel cuts 2012 operating margin estimate
PARIS: The French telecommunications equipment maker Alcatel-Lucent said on Tuesday that it no longer expects to post a stronger operating margin this year, as it unveiled a third-quarter operating loss.
Samsung to buy part of British electronics firm
SEOUL: South Korea's Samsung Electronics said on Tuesday it had signed a deal to buy a mobile technology unit belonging to British firm Cambridge Silicon Radio (CSR) in a bid to improve its handheld devices.
China has "reservations" over WTO payments ruling
BEIJING: Beijing said on Tuesday it had "reservations" over a WTO ruling largely backing the United States in a dispute over lucrative electronic payments, in which US companies are global leaders but lag in China.
Ford to sack 440 workers in Australia
SYDNEY: Car manufacturer Ford announced on Tuesday that it would sack 440 Australian workers as it scaled back production due to muted demand, despite a multimillion-dollar government bailout earlier this year.
Philippine firm in US$1.07b JV with Japanese gambling tycoon
MANILA: Philippine property firm Empire East on Tuesday confirmed it would invest more than US$1 billion in a joint venture with Japanese gambling tycoon Kazuo Okada.
Foreign investment in China declines in H1
BEIJING: Foreign direct investment (FDI) in China fell by three per cent in the first half of the year as the global economy slowed, the commerce ministry said Tuesday.
US lawmakers lash HSBC over laundering controls
WASHINGTON: US lawmakers Monday accused the global bank HSBC on Monday of opening the doors of the financial system to terrorists, drug dealers and money launderers in a hard-hitting report.