SINGAPORE STOCK NEWS | 2012-02-17

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   Headlines for ChannelNewsAsia, dated: 2012-02-20

CapitaMalls Asia buys remaining stakes in 3 Japanese malls
SINGAPORE : CapitaMalls Asia said it has acquired the remaining 73.71 percent stakes each in La Park Mizue in Tokyo, Izumiya Hirakata in Osaka and Coop Kobe in Kobe.


   Greece no threat to world economy: ECB director
BERLIN : Greece, which is teetering on the brink of bankruptcy, is "no threat to the world economy," European Central Bank executive board member Joerg Asmussen said in newspaper interview Monday.

India's troubled Kingfisher called in by regulator
MUMBAI : India's aviation regulator on Monday summoned cash-strapped Kingfisher Airlines to explain scores of cancelled flights over recent days, as the carrier's problems mounted.

Asian stocks drive ahead on China, Greece moves
HONG KONG : Asian shares broadly rose Monday, driven by a Chinese move at the weekend to loosen lending and hopes that debt-ridden Greece's bailout will at last be finalised.

Walmart hikes stake in Chinese online retailer
SHANGHAI: US retail giant Walmart said Monday that it would raise its stake in Chinese online shopping company Yihaodian to a majority 51 percent as it seeks more access to China's massive market.

Rio Tinto plans world-first driverless rail network
SYDNEY: Miner Rio Tinto will use driverless trains to deliver its iron ore to ports in Western Australia in what it said will be the world's first automated, long-distance, heavy-haul rail network.

Samsung Electronics board endorses LCD spin-off
SEOUL: South Korean giant Samsung Electronics said on Monday its board has agreed to spin off its loss-making liquid crystal display (LCD) business.

Brent crude hits eight-month high on Iran tensions
SINGAPORE: Brent crude hit an eight-month high in Asian trade Monday after Iran halted its limited oil sales to France and Britain in what analysts said was a game of "political brinkmanship".

Thai economy shrinks 10.7% on flood impact
BANGKOK : Thailand's economy suffered a double-digit contraction in the fourth quarter of 2011, the sharpest on record, it said Monday after the kingdom's worst floods in half a century pummelled industry.

Eurozone down to wire on Greek bailout
BRUSSELS: Eurozone finance ministers meet in Brussels Monday with time running out if they are to close a new 230-billion-euro ($300 billion) bailout package for Greece and avert a chaotic default.

Japan logs record trade deficit in January
TOKYO: Japan posted a record trade deficit in January, data showed on Monday, as fuel imports rose following last year's nuclear disaster while exports were hit by a strong yen and slumping demand in Europe.