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- Gold up, comes off 4-1/2 month low; Greece weighs
SINGAPORE (Reuters) - Gold rose half a percent on Thursday as bargain hunters resurfaced after prices tumbled to another 4-1/2 month low in the previous session and the euro rebounded, but gains could be limited by fears of a deepening debt crisis in Greece. Investors have unwound their bullish bets in gold, cashing in the metal to cover for losses in other markets, after the turmoil in Europe raised the spectre of a recession that threatens to hurt the global economy. Gold added $8.29 an ounce to $1,546. ...
- Singapore keeps growth forecast amid eurozone woes
 Singapore on Thursday stuck to its economic growth projections of 1.0-3.0 percent for 2012 but warned there was a chance of a "disorderly sovereign debt default" in the eurozone that could hit exports.
- UPDATE 1-Singapore April export rise hides weak regional outlook
* April non-oil exports +8.3 pct y/y, vs +6.9 pct consensus * Q1 GDP +1.6 pct y/y, below economists' forecast of 1.8 pct * April inflation seen rising from March, may hit 6 pct y/y SINGAPORE, May 17 (Reuters) - Singapore exports rose morethan expected in April due to a surge in pharmaceuticals butsoftness in electronics, a mainstay of manufacturing in manyAsian economies, points to a likely slowdown in regional growthas China's economy cools. ...
- Copper rises after four-day slide, fragile gains
SINGAPORE (Reuters) - London copper edged higher for the first time in five sessions on Thursday with a firmer euro aiding its bounce from four-month lows in the previous session amid a deepening debt crisis in Europe exacerbated by political instability in Greece. The modest gains in copper suggests many investors are wary of bidding up prices aggressively given the contagion potential of a euro zone without Greece, a slowdown in top copper consumer China and the fragile state of the U.S. economy. FUNDAMENTALS * Three-month copper on the London Metal Exchange gained 0. ...
- Singapore April non-oil exports +8.3 pct y/y, led by pharma
SINGAPORE, May 17 (Reuters) - International EnterpriseSingapore (IE Singapore), the country's trade agency, releasedApril non-oil domestic export (NODX) data on Thursday. month mth/mth change year/year (seasonally change % adjusted) % Apr 13.1 8.3 Mar -16.8 -4.3 Feb* 7.1 30.3 Jan -0.5 -3.4 Dec 13.5 9.0 Nov 6.0 1.4 Oct -6.0 -16.3 Sep -9.3 -4.6 Aug 7.1 3.9 Jul -2.4 -2.9 Jun -4.1 1.0 May 7.0 7.1 Apr -3.8 -2.0 * revised data For detailed exports data, see IE Singapore's website at http://www.iesingapore. ...
- Singapore techs face margin squeeze, outlook better
(Reuters) - Cost pressures are piling up for Singapore's electronics sector, with some listed companies reporting lower profit margins, but analysts expect an improvement in the second half of the year as the holiday season boosts demand. The slump in the sector, which contributes more than one-third of Singapore's non-oil domestic exports, comes as the central bank warned the industry would be a drag on economic growth and flagged severe price erosion for electronics firms. ...
- A Facebook Cofounder Reflects on the Path Forward
Eduardo Saverin, who left the company after two years, has settled in Singapore and is assessing how best to manage the extraordinary wealth that will come his way in Facebook’s initial public offering.
- Dropping citizenship helps Facebook founder save millions
Facebook co-founder Eduardo Saverin could avoid paying as much as $67 million in federal income taxes as a result of his decision to drop his U.S. citizenship, according to an analysis by Bloomberg.
Depending on the company’s stock price when it makes its highly anticipated initial public offering, Saverin’s share of the pie could grow significantly.
Saverin, 30, who lives in Singapore, recently announced plans to renounce his U.S. citizenship ahead of the Facebook IPO. He owns about 4 percent...
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