SINGAPORE STOCK NEWS | 2012-06-28

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   Headlines for ChannelNewsAsia, dated: 2012-07-01

Vietnam cuts key interest rates: central bank
HANOI: Vietnam's central bank said it will trim key interest rates from Sunday, its fifth cut so far this year as inflation cools amid signs of weakening economic growth.


   S.Korea posts biggest trade surplus in 21 months
SEOUL: South Korea reported its biggest trade surplus in 21 months as rising exports to the Middle East and Southeast Asia offset falling demand from the United States and Europe.

Australia brings in contentious carbon tax
SYDNEY: Australia on Sunday introduced a controversial carbon tax in a bid to tackle climate change, with Prime Minister Julia Gillard hailing the move amid opposition warnings it will stifle industry.

China manufacturing falls to seven-month low
SHANGHAI: China's manufacturing activity fell to a seven-month low in June, official figures showed Sunday, despite government efforts to arrest a slowdown in the world's second largest economy.

Investors warm to Facebook after IPO flop
WASHINGTON: After a dire stock market debut, Facebook has clawed back a large chunk of its losses as investors look past the flubbed initial public offering and gradually warm to the leading social network.