Singapore exports decline on European crisis

Source: Bloomberg
Singapore exports tumbled in January, first time since November as European debt turmoil harmed demand for petrochemical and electronics shipments and the Lunar New Year celebration cut the number of working days. Non-oil home exports fell 2.1% on a yearly basis, compared to a 9% improvement in December. Economists predicted a drop of 1.6%. Deliveries to European region declined 14.5%.
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Fri, 17 Feb 2012 07:25:05 GMT

Germany targets Greek deal approval

Germany expects EU finance officials to reach an agreement over Greek bailout on meeting due February 20, said German lawmakers. Greece should increase its responsibilities in order be rescued otherwise Europe will have to take another way of action, the one that nobody really wants, emphasized Steffen Kampeter, German Deputy FM.  

Wed, 15 Feb 2012 11:28:42 GMT

US stocks pare most of losses in choppy session

US shares swung between gains and losses on Tuesday as nation's retail sales expanded less than expected and China expressed willingness to support European bailout fund. Dow Jones Industrial Average added 0.03% or 4.24 points and finished at 12,878.28, S&P 500 index lost 0.09% or 1.27 point and settled at 1,350.5 while Nasdaq Composite index ended 0.02% or 0.44 points up

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