Singapore Stock Blog

JAL names ex-pilot as new president
TOKYO: Japan Airlines (JAL) on Tuesday named a former pilot as the company's new president as the once-troubled carrier continues on its flight path to recovery.

Rio Tinto posts quarterly iron ore records
SYDNEY: Anglo-Australian mining giant Rio Tinto Tuesday posted record iron ore production in the fourth quarter of 2011, but low grades saw copper output slump 23 percent.

Auditing firms cleared in Olympus cover-up
TOKYO: An independent panel probing the $1.7 billion losses cover-up at Japanese camera and medical equipment maker Olympus cleared two leading accounting groups of responsibility on Tuesday.

British finance minister in China for yuan talks
BEIJING: British finance minister George Osborne holds talks with Chinese officials Tuesday in a bid to attract investment in British infrastructure and make London a key trading hub for the yuan.

AirAsia X boosts Australia services after Europe cuts
SYDNEY: Asian budget carrier AirAsia X said Tuesday it will start flying daily services to Sydney from Kuala Lumpur, barely a week after announcing a suspension of flights to Paris and London.

Oil prices higher in Asia on Iran fears
SINGAPORE: Oil prices climbed in Asian trade Tuesday on fresh worries over tension between Western powers and major producer Iran.

Asian shares up after European gains, China data
HONG KONG: Asian markets and the euro rose Tuesday, boosted by better-than-expected Chinese economic data while sentiment was also supported by a successful French bond auction and gains in European stocks.

China says growth slows to 9.2% in 2011
BEIJING: China said Tuesday its economy expanded an annual 9.2 percent last year, slowing from 2010, as efforts to tame high inflation and global turbulence put the brakes on growth.

Samsung Group to invest record US$41.56 billion this year
SEOUL: South Korea's Samsung Group said Tuesday it would invest a record 47.8 trillion won ($41.56 billion) this year and hire 26,000 new employees, also a record.