SINGAPORE STOCK NEWS | 2012-07-08

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   Headlines for ChannelNewsAsia, dated: 2012-07-11

Spanish PM announces US$80b austerity package
MADRID: Spain's Prime Minister Mariano Rajoy announced Wednesday a 65-billion-euro ($80 billion) austerity package to avert financial collapse as angry miners rallied against subsidy cuts.


   Asian markets rebound after falling on Wall St lead
HONG KONG : Asian markets were mixed on Wednesday, recovering from earlier losses sparked by a fall on Wall Street and concerns about Italy's finances which stoked fresh fears about the eurozone.

Australia to seek direct currency trading with China
HONG KONG: Australia will press the case for direct conversion between the Australian dollar and the Chinese yuan during high-level talks in Beijing this week, Treasurer Wayne Swan said Wednesday.

Merkel pushes EU-Southeast Asia free trade pact
JAKARTA: German Chancellor Angela Merkel on Wednesday said Europe must step up its efforts to establish a free trade pact with booming Southeast Asia.

Mitsubishi to sell Dutch vehicle plant for 1 euro
TOKYO: Japan's Mitsubishi Motors said on Wednesday that it would sell its sole European plant to a Dutch industrial group for one euro in a deal that calls on the buyer to keep 1,500 jobs at the facility.

South Korea's jobless rate rises slightly
SEOUL: South Korea's jobless rate rose only marginally in June compared to a month earlier, figures showed Wednesday, as the economy remained stable despite global turbulence.