SINGAPORE STOCK NEWS | 2012-06-08

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   Headlines for ChannelNewsAsia, dated: 2012-06-11

China faces 'severe' trade situation: minister
BEIJING: China's commerce minister said in comments published Monday that the country faces a "severe" trade situation this year, as the Asian powerhouse continues to feel the pinch of global economic woes.


   Italian economy shrinks 0.8% in Q1
MILAN: Italy's economy shrank by 0.8 percent in the first quarter, the official data agency Istat said on Monday, confirming an earlier estimate that showed the country's recession deepening.

Asian stocks, euro rise as Spain banks get lifeline
HONG KONG: Asian markets and the euro rallied Monday after the eurozone agreed to lend Spain up to US$125 billion to save its banks, but analysts warn the deal is just a sticking plaster for Europe's wider problems.

China says to build 70 new airports by 2015
BEIJING: China will build 70 new airports within the next three years, the head of the country's aviation watchdog said Monday, as part of ambitious expansion plans in the industry despite an economic slowdown.

Asian stocks, euro jump on Spain bank bailout
HONG KONG: Asian markets and the euro rallied Monday after the eurozone agreed to lend Spain up to $125 billion to save its banks, but analysts warn the deal is just a sticking plaster for Europe's wider problems.

Airline industry profits to plummet in 2012: IATA
BEIJING: Airline industry group IATA warned on Monday global profits would more than halve this year owing to surging oil prices and the eurozone crisis, with European carriers suffering losses of $1.1 billion.