FridayFiled under Asia News, Southeast Asia
SINGAPORE, May 18 (Reuters) - Singapore shares may fall on Friday as an escalating banking crisis in Spain and the political uncertainty in Greece fueled concerns of a euro zone break-up. Sembcorp Marine Ltd, the world's second largest oil rig builder, may be in focus after announcing it had secured three contracts worth a total of S$130 million ($103 million). ----------------------MARKET SNAPSHOT @ 0000 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1304.86 -1.51% -19.940 USD/JPY 79.4 0.08% 0.060 10-YR US TSY YLD 1.7022 -- 0.012 SPOT GOLD 1574.78 0.10% 1.530 US CRUDE 92.61 0.05% 0.050 DOW JONES 12442.49 -1.24% -156.06 ASIA ADRS 114.51 -0.59% -0.68 ------------------------------------------------------------- > Nervous investors send S&P lower for fifth day > U.S. bonds climb on weak data, Europe worries > Yen advances; Greece, Spain woes slam euro > Gold rallies from rout on technicals; dead-cat bounce > Oil skids on euro zone woes, weak economic data Stocks and factors to watch: -- HEALTHWAY MEDICAL CORP LTD - Healthway Medical said on Thursday it plans to place out up to 135 million new shares at S$0.075 each, a 7.4 percent discount to the last closing price of S$0.081. The proceeds of around S$10.1 million will be used for business expansion in Singapore and China, loan repayment, as well as working capital and corporate purposes, it said. -- UNITED INDUSTRIAL CORP LTD - United Industrial said its subsidiary had awarded the main building contract worth about S$337 million for the UIC Building Redevelopment Project at 5 Shenton Way, Singapore, to Samsung C & T Corp. Construction is scheduled to start in September 2012. -- IPC CORP LTD - IPC Corp said on Thursday it had agreed to buy a piece of land to build a 75-unit condominium project in Oiso, Japan. The project, costing a total of around 2.48 billion yen ($31.2 million), is scheduled to be completed by the third quarter of 2013. - Singapore's benchmark Straits Times Index dropped 0.30 percent on Thursday to 2,822.61 points. - The Dow Jones industrial average lost 1.24 percent to 12,442.49. The Standard & Poor's 500 Index retreated 1.51 percent to 1,304.86. The Nasdaq Composite Index fell 2.10 percent to 2,813.69. ASIA-PACIFIC STOCK MARKETS: Japan S.Korea China Hong Kong Taiwan SE Asia Australia/NZ India OTHER MARKETS: Wall Street Gold Currency Eurostocks Oil JP bonds ADR Report LME metals US bonds STOCKS NEWS US, Europe, Asia: DIARIES & DATA: IPO diary & data U.S. earnings diary Singapore diary Eurostocks Week Ahead Asia earnings diary European diary Wall Street Week Ahead TOP NEWS: Asian companies U.S. company News European companies Forex news Global Economy Technology Telecoms Media news Banking news General/political Asia Macro LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt (Local currency) LME price overview ($1 = 79.5400 Japanese yen)
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1 response - Posted 05.18.12
Bollywood star Shah Rukh Khan has been banned from entering a Mumbai cricket stadium after scuffling with security guards.
no responses - Posted 05.17.12
Jakarta will be hosting Food Revolution Day on Saturday, replicating an initiative promoting healthy eating habits started by British chef and media personality Jamie Oliver.
no responses - Posted 05.17.12
It is a well known secret that Turkey is no heaven for globally known brands as it is very easy to produce and sell copied products within the country.
no responses - Posted 05.16.12
Singapore Airlines Ltd. says it will cancel its flights to Greece and Abu Dhabi because of weak passenger demand. The carrier said in a statement Wednesday that its two weekly flights to Athens and three flights to Abu Dhabi will end Oct. 26. The airline said it was a difficult decision to cancel service to [...]