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Private home prices continue decline, down 0.4% in Q2 - Channel News Asia
Discovered on 30 Jun 2016 at 8:16 pm
Channel News AsiaPrivate home prices continue decline, down 0.4% in Q2Channel News AsiaThe private residential property index fell to 140.0 points in the second quarter, according to the Urban Redevelopment Authority (URA). Posted 01 Jul 2016 09:16. PHOTOS. File photo of private condominiums in Singapore. (Photo: AFP/Roslan Rahman).URA's overall private home price index down 0.4% in Q2 over Q1THE BUSINESS TIMESall 3 news articles »

Resale prices for HDB flats up 0.1% in Q2 - Channel News Asia
Discovered on 30 Jun 2016 at 7:56 pm
Channel News AsiaResale prices for HDB flats up 0.1% in Q2Channel News AsiaThe HDB plans to launch about 5,000 Build-To-Order (BTO) flats in August in Hougang, Sembawang, Tampines and Yishun. Posted 01 Jul 2016 08:53. PHOTOS. HDB flats as seen from Mt Faber. (File photo: TODAY). Enlarge; Caption. Email; More. A; A.HDB resale-flat price index rises 0.1% in Q2 over Q1THE BUSINESS TIMESall 2 news articles »

UOB suspends loans, DBS calls for caution - AsiaOne
Discovered on 30 Jun 2016 at 7:14 pm
AsiaOneUOB suspends loans, DBS calls for cautionAsiaOneUOB would be among the first banks in Singapore to turn cautious on such lending, even though it is not a large amount, as Brexit spooked global markets and pushed the pound to multi-year lows. Reuters ...MAS advises investors to be mindful of currency exchange risksThe Straits TimesOutlook negative for S'pore banking industry: Moody'sTODAYonlineUOB suspends London property loans after BrexitChannel News AsiaThe Star Online -Financial Tim...

KrisEnergy CEO Keith Cameron retires, interim chief appointed - The Straits Times
Discovered on 30 Jun 2016 at 7:01 pm
The Straits TimesKrisEnergy CEO Keith Cameron retires, interim chief appointedThe Straits TimesSINGAPORE - Upstream oil and gas company KrisEnergy said on Friday (July 1) that its chief executive officer and founding director Keith Cameron has notified the board of directors of his retirement. Jeffery S Macdonald, a non-executive independent ...Kris Energy's founding director Keith Cameron to retire as CEOTHE BUSINESS TIMESKrisEnergy Names Jeffrey Macdonald as Interim CEO, Replaces Keith Came...

Bank loans down for 8th straight month in May - The Straits Times
Discovered on 30 Jun 2016 at 4:03 pm
The Straits TimesBank loans down for 8th straight month in MayThe Straits TimesTotal bank loans were down for an eighth straight month in May as the uncertain economic environment continued to weigh on sentiment. Overall, loans slipped to $592.8 billion in May, down 0.7 per cent compared with the same month last year, with the ...Bank lending rises for the first time in six months, boosted by manufacturing loansSingapore Business Reviewall 2 news articles »

New cashless top-up for Cepas cards - The Straits Times
Discovered on 30 Jun 2016 at 4:02 pm
The Straits TimesNew cashless top-up for Cepas cardsThe Straits TimesFrom today, a new TransitLink scheme will allow UOB card members to do cashless top-ups on their Cepas cards at ticket machines in MRT stations across the island. Next year, the move will be extended to credit and debit card holders of all other local ...UOB, Transit Link team up to launch cashless top-ups of Cepas cardsTHE BUSINESS TIMESall 2 news articles »

Firms to get 250% tax deduction if staff help at charities - The Straits Times
Discovered on 30 Jun 2016 at 4:02 pm
The Straits TimesFirms to get 250% tax deduction if staff help at charitiesThe Straits TimesVolunteers from HSBC helping to spruce up a beneficiary's home earlier this Volunteers from HSBC helping to spruce up a beneficiary's home earlier this month. Under a new government initiative, a business that assigns an accountant to help a ...Tax deduction for businesses volunteering with IPCsTODAYonline250% tax deduction for CSR-focused firmsHRD Singapore (blog)all 3 news articles »

SAF arsenal to include new armoured vehicle, 'smart air bases' - TODAYonline
Discovered on 30 Jun 2016 at 5:39 am
TODAYonlineSAF arsenal to include new armoured vehicle, 'smart air bases'TODAYonlineThe next-generation AFV is equipped with data and voice capabilities that enhances coordination among platforms and communication between on-board crew and dismounted soldiers. Photo: MINDEF. mail · print. View all 0 comments ...Next-gen weapon packs more punchThe Straits TimesSingapore Armed Forces reveals next generation AFV developmentIHS Jane's 360Singapore unveils next-generation AFVShephard Mediaall 5 ne...

Electricity tariffs for Jul to Sep 2016 to rise by 9.2%: SP Services - Channel News Asia
Discovered on 30 Jun 2016 at 4:18 am
Channel News AsiaElectricity tariffs for Jul to Sep 2016 to rise by 9.2%: SP ServicesChannel News AsiaThe average monthly bill for families living in 4-room flats is expected to increase by S$6.79. Posted 30 Jun 2016 17:16; Updated 30 Jun 2016 17:20. PHOTOS. The Singapore skyline at night. (File photo: TODAY). Enlarge; Caption. Email; More. A; A.Singapore's electricity tariffs to rise by 9.2% for July to SeptYahoo Singapore NewsSingapore hikes electricity tariffs 9.2 pct in third quarterReute...

Kwek ready to snap up bargains amid Brexit turmoil - AsiaOne
Discovered on 30 Jun 2016 at 3:01 am
AsiaOneKwek ready to snap up bargains amid Brexit turmoilAsiaOneAt yesterday's event to sign two agreements were (from left) Mr Raj Menon, chief operating officer (excluding greater China) of Marriott International, Mr Craig Smith, Asia-Pacific president and managing director of Marriott International, Mr Kwek Leng ...Dilip Puri to check out of Starwood post merger with MarriottDaily News & AnalysisSingapore to Welcome Two Iconic Luxury Brands from the Marriott International PortfolioHospital...

SingTel and FireEye to jointly enhance cyber-security in the Asia-Pacific
Discovered on 7 Oct 2014 at 11:59 am
October 07, 2014 4:59 PMSINGAPORE Telecommunications has teamed up with network security company FireEye to enhance cyber-security in the Asia-Pacific.

Causeway toll hikes could hit profit margins of some Singapore SMEs
Discovered on 7 Oct 2014 at 11:41 am
October 07, 2014 4:41 PMTHE Causeway toll hikes could affect the profit margins of some Singapore-based SMEs, even though they are generally expected to have a limited impact on businesses here, Minister of State for Trade and Industry Teo Ser Luck said in parliament on Tuesday.

DBS launches new programme for entrepreneurs
Discovered on 7 Oct 2014 at 6:43 am
October 07, 2014 11:43 AMDBS Bank has launched a new programme, DBS BusinessClass, for start-ups and SMEs who are looking for business advice and opportunities across Asia.

Singapore government to continue monitoring inflow of foreign workers: PM Lee
Discovered on 7 Oct 2014 at 5:28 am
October 07, 2014 10:28 AMTHE government will still keep a close watch on the inflow of foreign workers - even as no further major measures are planned to tighten the foreign worker policy.

Yongnam to sell plant in Malaysia for RM153.5 million
Discovered on 7 Oct 2014 at 3:41 am
October 07, 2014 8:41 AMYONGNAM Engineering will sell a Malaysia plant in Nusajaya, Johor, to Axis Real Estate Investment Trust for RM153.5 million (S$60.1 million).

STATSChipPAC served writ of summons for infringement of patents
Discovered on 7 Oct 2014 at 3:00 am
October 07, 2014 8:00 AMSTATSChipPAC has been served a writ of summons by ERS Electronic GMBH with the claim that STATSChipPAC has infringed its patents relating to debonder machines used in the wafer level package assembly process.

E-applications for Lake Life EC in Jurong cross 1,200
Discovered on 6 Oct 2014 at 5:48 pm
October 06, 2014 10:48 PMMORE than 1,200 e-applications have been received for Lake Life, a 546-unit executive condominium housing project near Jurong Lake.

Soft landing for Singapore housing market is credit positive for local banks: Moody's
Discovered on 6 Oct 2014 at 12:16 pm
October 06, 2014 5:16 PMRATINGS agency Moody's said on Monday that the gradual decline in Singapore's private home price index for the third quarter is credit positive for Singapore banks as it relieves pressure on bank asset quality.

DBS completes purchase of Societe Generale's private banking business in Asia
Discovered on 6 Oct 2014 at 12:02 pm
October 06, 2014 5:02 PMDBS Bank has completed its purchase of the Asian private banking business of Societe Generale in Singapore and Hong Kong, as well as selected parts of its trust business.

Singapore's GIC to buy rest of Italian shopping centre
Discovered on 6 Oct 2014 at 6:03 am
October 06, 2014 11:03 AM[HONG KONG] GIC has agreed to buy the remaining 50 per cent stake in Italy's RomaEst Shopping Centre from a fund managed by CBRE Global Investors for an undisclosed sum, the Singaporean sovereign wealth fund and CBRE said in a joint statement on Monday.

Asia News

National Museum gives Pres. Duterte best wishes; announces permanent free entrance - Manila Bulletin
Discovered on 30 Jun 2016 at 8:25 pm
Manila BulletinNational Museum gives Pres. Duterte best wishes; announces permanent free entranceManila BulletinThe National Museum has congratulated President Rodrigo Duterte on the occasion of his inauguration, expressing hope that the new Patron and Honorary Chairman of the museum will further progress. On its official page, the National Museum said that ...National Museum admission now free - permanentlyInterAksyonNational Museum, now free of charge!Coconuts Manilaall 3 news articles »

Pre-enlistees entering national service from 2017 can indicate vocation of choice: Ng Eng Hen - AsiaOne
Discovered on 30 Jun 2016 at 8:01 pm
AsiaOnePre-enlistees entering national service from 2017 can indicate vocation of choice: Ng Eng HenAsiaOnePre-enlistees entering national service next year can express their interest in what vocations they will like to serve in, says Defence Minister Ng Eng Hen at the SAF Day interview on June 28, 2016. Photo: The Straits Times. Lester Hio. The Straits ...Happy SAF Day!The Middle GroundNew SAF unit to fight terrorTODAYonlineSAF to fight terror with rapid responseThe Straits TimesThe New Pape...

Lim claims trial to two charges - The Star Online
Discovered on 30 Jun 2016 at 5:53 pm
The Star OnlineLim claims trial to two chargesThe Star OnlineGEORGE TOWN: A pale-looking Penang Chief Minister Lim Guan Eng entered the High Court looking solemn but emerged about half an hour later relieved and smiling after being allowed a RM1mil bail on two charges of corrupt practices. Lim, 56, who was ...Lawyers: Not wrong, but improper for AG to lead team against LGEFree Malaysia TodayAnalysts: Guan Eng's prosecution will make, not break DAPMalay Mail OnlineM'sia reacts to Guan Eng's pr...

Avoiding a power supply crisis - Philippine Star
Discovered on 30 Jun 2016 at 1:40 pm
benarnewsAvoiding a power supply crisisPhilippine StarToday is the first day of the Duterte administration and there is a mountain range of high expectations. The past administration is leaving behind a number of crisis situations and new ones seem to be erupting every day. Over the last month, there had ...Foreign minister to meet new Philippine counterpartJakarta PostIndonesian Ban on Coal Exports Seriously Affects Power Supply in the PhilippinesManila ChannelIndonesian, Philippine FMs to m...

US human trafficking report blacklists Myanmar - Channel News Asia
Discovered on 30 Jun 2016 at 12:17 pm
Channel News AsiaUS human trafficking report blacklists MyanmarChannel News AsiaThe United States on Thursday blacklisted eight more countries for failing to combat human trafficking, including fledgling democracy Myanmar, but was criticised for taking an easier line on Thailand. Posted 01 Jul 2016 01:13. PHOTOS. Libya, Somalia ...Exclusive: US to upgrade Thailand in annual human trafficking report - sourcesswissinfo.chall 93 news articles »

Marcos confident PET will declare him VP - Manila Bulletin
Discovered on 30 Jun 2016 at 9:32 am
Manila BulletinMarcos confident PET will declare him VPManila BulletinSenator Ferdinand “Bongbong” R. Marcos Jr. expressed confidence yesterday that the Supreme Court (SC), sitting as the Presidential Electoral Tribunal (PET), would eventually proclaim him as the winner in the May 9, 2016 vice- presidential race. Marcos ...Bongbong, Imee enter Palace after 30 yearsThe Manila TimesBefore Duterte, which president took his oath at Rizal Hall?RapplerSandro Marcos expresses support for President R...

Police to question new suspect in Chuwong case | Bangkok Post: news - Bangkok Post
Discovered on 30 Jun 2016 at 6:31 am
Bangkok PostPolice to question new suspect in Chuwong case | Bangkok Post: newsBangkok PostUracha Wachirakulton, in white, goes with her mother to answer charges that they conspired to steal 40 million baht worth of shares from late construction tycoon Chuwong Sae Tang at the Crime Suppression Division in August last year. (Bangkok Post file ...CSD summons former broker for questioning in Chuwong caseThe NationCSD to re-question former broker and caddy in murder conspiracyThaiVisa NewsPolice ...

'Change is here': Netizens welcome #PresidentDuterte - Rappler
Discovered on 30 Jun 2016 at 3:50 am
Rappler'Change is here': Netizens welcome #PresidentDuterteRapplerSocial media is abuzz with praise for the Philippines' new president, Rodrigo Duterte, who was sworn in Thursday, June 30, at the Rizal Hall of the Malacañang Palace. Duterte - Curated tweets by phpolitics. Described as the "first Online President ...#PartnerForChange: Netizens poke fun at PCDSPO's online gimmickInquirer.netTrolls play around with Duterte team's Twitter auto-responseGMA NewsNetizens troll Duterte's #partnerforc...

Struggling for national sovereignty in South China Sea - Jakarta Post
Discovered on 29 Jun 2016 at 9:28 pm
Struggling for national sovereignty in South China SeaJakarta PostThe heated issue of the South China Sea (SCS) is the most crucial subject today as it involves the sovereignty and sovereign rights of Indonesia in its national waters and jurisdiction. Moreover, the SCS has abundant fishery, oil and gas resources.This week in Jakarta: Brexit, Ramadan and the South China SeaThe InterpreterMaritime implications of China's investmentsThe NationProtection Vessels International: Weekly Maritime Sec...

Officials bid to increase South Korean investment - The Phnom Penh Post
Discovered on 29 Jun 2016 at 7:21 pm
Officials bid to increase South Korean investmentThe Phnom Penh PostA delegation of Cambodian investment officials and prominent private sector businessmen held a seminar in Seoul, South Korea, yesterday in an effort to drum up more Korean investment in Cambodia's growing agro-industrial sector. The Cambodian ...and more »

IMF expects Myanmar to post 8% annual growth
Discovered on 7 Oct 2014 at 2:47 pm
October 07, 2014 7:47 PM[YANGON] The International Monetary Fund (IMF) estimated on Monday that Myanmar's economy will grow by an average 8 per cent in the coming years led by rising gas production and investment.

Cancellation of HK's legislative council session draws flak
Discovered on 7 Oct 2014 at 2:08 pm
October 07, 2014 7:08 PM[HONG KONG] Pro-democracy lawmakers accused Hong Kong's leaders of trying to evade a public backlash over mass protests in the city after they cancelled the opening session of the de facto parliament on Tuesday.

Taiwan to relax rules to bolster stock market
Discovered on 7 Oct 2014 at 1:27 pm
October 07, 2014 6:27 PM[TAIPEI] Taiwan's financial regulator announced a package on Tuesday to help bolster the stock market after a recent heavy sell-off of stocks by foreign investors.

India to axe "laughable" laws
Discovered on 7 Oct 2014 at 11:34 am
October 07, 2014 4:34 PM[ NEW DELHI] If you happen to unearth treasure worth even as little as 10 rupees (21 Singapore cents) in India, don't even think of pocketing it - that's because under a law introduced by the former British colonial rulers, it still belongs to "Her Majesty".

Bank of Japan strikes less optimistic tone on economy
Discovered on 7 Oct 2014 at 10:44 am
October 07, 2014 3:44 PM[TOKYO] The Bank of Japan on Tuesday struck a less optimistic tone on its view of the world's number three economy, but held off launching fresh monetary easing measures after a two-day meeting.

Malaysia's 1MDB seeks January listing for power assets: sources
Discovered on 7 Oct 2014 at 9:09 am
October 07, 2014 2:09 PM[KUALA LUMPUR] Malaysian state investor 1Malaysia Development Bhd (1MDB) is seeking a January listing of its power assets, three people with direct knowledge of the matter said, adding that the paperwork for the long-delayed IPO will be filed later this month.

Indian services growth quickened in September
Discovered on 7 Oct 2014 at 9:02 am
October 07, 2014 2:02 PM[BANGALORE] Growth in Indian services activity picked up pace in September as order books filled up at a faster rate, a business survey showed on Tuesday.

S Korea central bank chief says economy not in deflation
Discovered on 7 Oct 2014 at 6:19 am
October 07, 2014 11:19 AM[SEOUL] South Korea's central bank chief said on Tuesday that the economy is not in deflation, but rather is going through a state of prolonged low price pressures and growth.

S Korea central bank sees little impact on economy from low inflation
Discovered on 7 Oct 2014 at 4:31 am
October 07, 2014 9:31 AM[SEOUL] South Korea's central bank said on Tuesday that the country's continued low inflation stems mainly from good crop harvests and stable global commodity prices, so it is only having a limited negative impact on the economy so far.

Japan's Aso plays down South Korean president's concerns over weak yen
Discovered on 7 Oct 2014 at 3:53 am
October 07, 2014 8:53 AM[TOKYO] Japanese finance minister Taro Aso on Tuesday downplayed comments by South Korea's president over the weak yen's impact on Korean exporters.

World News

RIMPAC boosts Hawaii economy, may also cause garage door malfunctions - Honolulu Star-Advertiser
Discovered on 30 Jun 2016 at 8:18 pm
Honolulu Star-AdvertiserRIMPAC boosts Hawaii economy, may also cause garage door malfunctionsHonolulu Star-AdvertiserFire Controlman 2nd Class Michael Klimek mans the rails aboard the guided-missile cruiser USS Mobile Bay (CG 53) as the ship prepares to moor at Joint Joint Base Pearl Harbor-Hickam Tuesday to participate in exercise Rim of the Pacific 2016. PrevNext.Naval ship reaches Hawaii to take part in Exercise RIMPACIndia Today27 Nations to Participate in World's Largest Maritime Exercis...

Johnson pulls out of race to be Britain's Brexit PM - Channel News Asia
Discovered on 30 Jun 2016 at 5:33 pm
Channel News AsiaJohnson pulls out of race to be Britain's Brexit PMChannel News AsiaLeading Brexit campaigner Boris Johnson on Thursday ruled himself out of the race to succeed Prime Minister David Cameron in a bombshell announcement just a week after Britain voted to leave the EU. Posted 30 Jun 2016 19:08. PHOTOS. Former London ...Brexit leader Johnson rules out bid to be British PMThe Straits TimesGove's ambush of Johnson throws open Tory leadership contestThe GuardianConservative leadersh...

DAP backs Lim Guan Eng after he is charged with corruption - The Straits Times
Discovered on 30 Jun 2016 at 5:32 pm
The Straits TimesDAP backs Lim Guan Eng after he is charged with corruptionThe Straits TimesLim (centre), the chief minister of Penang, being escorted by Malaysian Anti-Corruption Commission officers to the High Court in George Town yesterday. Behind him (partially hidden) is Phang, the accused businesswoman. PHOTO: THE STAR/ASIA NEWS ...Lim claims trial to two chargesThe Star OnlineAnalysts: Guan Eng's prosecution will make, not break DAPMalay Mail OnlineLawyers: Not wrong, but improper for ...

US Joint Base Andrews says 'miscommunication' sparked lockdown - The Straits Times
Discovered on 30 Jun 2016 at 4:41 pm
The Straits TimesUS Joint Base Andrews says 'miscommunication' sparked lockdownThe Straits TimesWASHINGTON (AFP) - US Joint Base Andrews outside Washington, the home base of the presidential plane Air Force One, said on Thursday (June 30) that a "miscommunication" about an active shooter training exercise led to a brief lockdown of the site.Report of active shooter at Joint Base Andrews is unfoundedWashington PostShooter report at US air base stemmed from misunderstandingAl-ArabiyaReport of s...

Iraqi army's advance to the north gathers steam - The Straits Times
Discovered on 30 Jun 2016 at 4:01 pm
Wall Street JournalIraqi army's advance to the north gathers steamThe Straits TimesBAGHDAD • Iraq's military advanced through northern villages held by Islamic State in Iraq and Syria (ISIS) on Wednesday, on its way to an airfield that could serve as the staging ground for a future offensive on Mosul, the biggest city held by the ...Air strikes decimate IS forces fleeing Iraq's FallujahYahoo Singapore NewsIraq airstrikes kill scores of IS fighters fleeing FallujahDaily MailIraqi, US aircraft ...

Tsai urges Beijing to see goodwill displayed - The Straits Times
Discovered on 30 Jun 2016 at 4:01 pm
The EconomistTsai urges Beijing to see goodwill displayedThe Straits TimesFor the second day in a row, Taiwanese President Tsai Ing-wen addressed the growing chill between Taiwan and China, this time urging Beijing to see the goodwill that she has displayed and be more flexible when conducting cross-strait ties. Speaking to ...The US and the 1992 ConsensusThe DiplomatA New Administration in Taiwan: Prospects for Relations with JapanNippon.comTaiwan, Japan to discuss fishing near Okinotori nex...

US sailors divulged sensitive information while held by Iran - Navy - Channel News Asia
Discovered on 30 Jun 2016 at 3:41 pm
Channel News AsiaUS sailors divulged sensitive information while held by Iran - NavyChannel News AsiaU.S. sailors who blundered into Iranian waters in January divulged sensitive information to their captors while held at gunpoint by Iran's Islamic Revolutionary Guard Corps, a U.S. Navy report said on Thursday. Posted 30 Jun 2016 21:55. PHOTOS.and more »

Palestinian kills US-Israeli girl in West Bank home - Channel News Asia
Discovered on 30 Jun 2016 at 3:14 pm
Channel News AsiaPalestinian kills US-Israeli girl in West Bank homeChannel News AsiaA Palestinian attacker fatally stabbed a US-Israeli teenager in her home at a Jewish settlement in the West Bank before being shot dead by security guards on Thursday. Posted 01 Jul 2016 04:10. PHOTOS. Friends and relatives of Israeli Hallel Yaffa ...Palestinian youth sneaks into bedroom of Israeli girl, 13, and stabs her to death as she sleepsSouth China Morning PostAP News in Brief at 9:04 pm EDTMiami Heral...

Switzerland denies Muslim girls citizenship after they refuse to swim with boys at school - The Independent
Discovered on 30 Jun 2016 at 12:45 pm
The IndependentSwitzerland denies Muslim girls citizenship after they refuse to swim with boys at schoolThe IndependentSwitzerland has rejected citizenship requests from two Muslim girls for refusing to take part in swimming lessons with boys at school. The 12- and 14-year-old will no longer be considered for naturalised citizenship because they have not complied with ...Switzerland denied citizenship to Muslim girls who refused to join co-ed swimming lessonsQuartzSwiss court fines Muslim man...

Official: Suicide attack on Afghan police convoy kills 37 - Daily Mail
Discovered on 30 Jun 2016 at 9:06 am
Daily MailOfficial: Suicide attack on Afghan police convoy kills 37Daily MailKABUL, Afghanistan (AP) — Taliban militants launched a twin suicide attack on Thursday, targeting a convoy of buses carrying Afghan police cadets outside of the capital and killing 37 people, mostly policemen, and wounding 40, an Afghan official said.Taliban Attack on Afghan Police Cadets Kills at Least 33New York TimesTaliban attack police cadets in Kabul, killing 30Yahoo Singapore NewsUS condemns 'horrific multipar...

Family behind BMW tops Germany's rich list
Discovered on 7 Oct 2014 at 5:41 pm
October 07, 2014 10:41 PM[FRANKFURT] The Quandt family, shareholders of carmaker BMW, have overtaken the founders of discount supermarket chains Aldi and Lidl as Germany's wealthiest family, weekly Manager Magazin said on Tuesday.

IMF trims global growth outlook, warns of eurozone stagnation
Discovered on 7 Oct 2014 at 5:00 pm
October 07, 2014 10:00 PM[WASHINGTON] The International Monetary Fund warned of stagnation in advanced economies Tuesday as it trimmed its growth forecast for the whole world.

IMF slashes eurozone growth forecasts
Discovered on 7 Oct 2014 at 4:42 pm
October 07, 2014 9:42 PM[BRUSSELS] The IMF slashed its eurozone growth forecast on Tuesday and warned that the single currency bloc faces a long period of sluggish activity and dangerously low inflation which the European Central Bank must tackle.

Swedish central banker Ekholm to join govt
Discovered on 7 Oct 2014 at 4:05 pm
October 07, 2014 9:05 PM[STOCKHOLM] Dovish Swedish central banker Karolina Ekholm will leave the Riksbank to join the government as a state secretary, the central bank said on Tuesday, confirming a report which helped to send the crown to a 3-1/2 month high against the euro.

Amazon's Luxembourg tax deals under EU probe
Discovered on 7 Oct 2014 at 3:08 pm
October 07, 2014 8:08 PM[BRUSSELS] Online retailer Amazon's tax arrangements with Luxembourg are being investigated by European regulators, becoming the latest global company accused of cutting deals with member states to gain an effective subsidy.

Low-carbon LED lamp wins Physics Nobel prize for Japanese trio
Discovered on 7 Oct 2014 at 2:24 pm
October 07, 2014 7:24 PM[STOCKHOLM] Three Japanese-born researchers on Tuesday won the Nobel Prize for Physics for inventing the LED lamp, a boon in the fight against global warming and aiding people in poverty.

BOE survey: Lenders see mortgage lending rebound
Discovered on 7 Oct 2014 at 1:36 pm
October 07, 2014 6:36 PM[ LONDON] British lenders expect mortgage lending to bounce back sharply in the final three months of 2014 after a recent severe slowdown in lending, a Bank of England survey showed on Tuesday.

Senior banker in UK pleads guilty in Libor probe
Discovered on 7 Oct 2014 at 1:08 pm
October 07, 2014 6:08 PM[LONDON] A senior banker at a leading British bank has pleaded guilty to conspiracy to defraud in connection with the manipulation of Libor benchmark interest rates, becoming the first person in the UK to plead guilty to such an offence.

German industrial output shrinks in August: official data
Discovered on 7 Oct 2014 at 10:51 am
October 07, 2014 3:51 PM[FRANKFURT] German industrial production dropped sharply in August, weighed down by falling manufacturing and construction output, data showed on Tuesday.

Australia central bank holds rates at 2.5%
Discovered on 7 Oct 2014 at 6:53 am
October 07, 2014 11:53 AM[SYDNEY] Australia's central bank kept its cash rate steady at a record low of 2.5 per cent for a 13th straight meeting on Tuesday, a widely expected decision given the economy is fighting the drag from a cooling mining sector and lower export prices.


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