Singapore Stock Blog

Cool reception for Australia's new carbon tax: poll
SYDNEY: Australia's new carbon tax received a cool reception in a poll Monday, showing Prime Minister Julia Gillard's mechanism to tackle climate change is unpopular and her government on track to lose office.

Eurozone unemployment rate at record 11.1%
BRUSSELS: Eurozone unemployment climbed to a new record high of 11.1 per cent in May, with Spain the hardest hit at 24.6 per cent, official figures showed Friday.

Asian markets mixed, euro down as rally fades
HONG KONG – Asian markets were mixed Monday and the euro slipped as a rally sparked by last week's surprise eurozone deal fizzled out, with weak manufacturing data from China also weighing on investors.

Indonesia inflation rises to 4.53% in June
JAKARTA: Indonesia said Monday inflation rose to 4.53 per cent in June, spurred by higher basic food prices including red chillies, a main ingredient in local dishes.

Barclays chairman resigns over rate rigging scandal
LONDON: Barclays chairman Marcus Agius resigned on Monday, saying suspected manipulation of inter-bank lending rates by staff had "dealt a devastating blow" to the reputation of the British banking giant.

Apple settles iPad trademark dispute in China
BEIJING: US technology giant Apple has paid $60 million to a Chinese firm to settle a long-running dispute over the iPad trademark in China, a court said on Monday.

Japan business sentiment improves, risks remain
TOKYO: Sentiment among large Japanese manufacturers improved in the quarter ended June, the Bank of Japan said Monday, although confidence remained weak amid a lumbering economic recovery.