Singapore sovereign wealth fund cuts its stake in Citigroup to below 5 percent from 9 percentNEW YORK — A Singapore sovereign wealth fund cut its stake in Citigroup Inc. to below 5 percent from 9 percent on Tuesday, reducing its ownership to the level planned before a recent debt exchange. Oil above $71 in afternoon European trading after big tumble on worries over Chinese demandVIENNA — Oil prices climbed above $71 a barrel Tuesday, erasing much of the previous day’s losses after a rise in global stocks eased worries about slipping Chinese crude consumption. Singapore sovereign wealth fund cuts stake in Citigroup below 5 percentSINGAPORE — A Singapore sovereign wealth fund has cut its stake in Citigroup Inc. from 9 percent to below 5 percent, realizing a $1.6 billion profit as it reduced its holding to the level planned before a recent exchange of preferred stock. Kerala kicks off international tourism road showTHIRUVANANTHAPURAM - With Kerala’s tourist season round the corner, the state’s tourism department, in association with industry stakeholders, has kicked off an international road show in Brussels to promote its tourism potential, officials said here. Renault handed 2-year suspended ban from F1 in crash scandal; Briatore bannedPARIS — Renault has escaped severe punishment for ordering former driver Nelson Piquet Jr. to deliberately crash, receiving only a suspended two-year ban from Formula One’s governing body. Indonesian police say DNA test confirms death of Southeast Asian terrorist NoordinJAKARTA, Indonesia — DNA tests have confirmed that Southeast Asia terrorist leader Noordin Top was killed days ago in a shootout with Indonesian security forces, police said Saturday. Singapore, Australia conduct joint naval exerciseSINGAPORE - Singapore and Australia are conducting a joint naval exercise in the South China Sea Sep 18-25, officials said. Oil falls below $72 in Asia amid concerns over slow US economic recoveryKUALA LUMPUR, Malaysia — Oil prices weakened Friday in Asia, dampened by concerns that a recovery in the U.S. economy may be slower than expected. Slain Indonesian terrorist, who idolized bin Laden, dressed as woman to dodge policeJAKARTA, Indonesia — The death of Indonesia’s most-wanted terror leader in a raid this week closes one of the country’s biggest manhunts — a seven-year chase for a charismatic militant who taught followers to build bombs and wore veils to elude capture. Oil weakens to near $72 in Asia amid concerns over slow US economic recoveryKUALA LUMPUR, Malaysia — Oil prices weakened Friday in Asia, dampened by concerns that a recovery in the U.S. economy may be slower than expected. Oil holds above $72 in Asia amid signs US economy recovering from recessionOil prices held above $72 a barrel Thursday amid signs the U.S. economy, the world’s largest consumer of crude, could be improving. Oil hovers near $71 in Asia as US crude supplies rise, suggesting demand still weakSINGAPORE — Oil prices hung near $71 a barrel Wednesday in Asia as an unexpected rise in U.S. crude supplies heightened investor concerns about weak consumer demand. Oil stays below $71 in Asia as US crude supplies rise, suggesting demand still weakSINGAPORE — Oil prices hung below $71 a barrel Wednesday in Asia as an unexpected rise in U.S. crude supplies heightened investor concerns about weak consumer demand. Malaysia frees 5 terror suspects held for up to 7 1/2 years without trial under security lawKUALA LUMPUR, Malaysia — Malaysia on Tuesday freed five terror suspects held for up to 7½ years without trial under a strict security law that has been severely criticized by civil rights groups. Report: Renault’s Pat Symonds offered immunity in F1 probe into crash scandalLONDON — Formula One’s governing body has offered immunity to the Renault team’s No. 2 official in exchange for full disclosure into allegations that Nelson Piquet Jr. was told to deliberately crash his car in a race last year, a British newspaper reported Tuesday. Oil hovers below $69 in Asia as investors weigh weak crude demand, economic recoverySINGAPORE — Oil prices hovered below $69 a barrel Tuesday in Asia as investors weighed concerns about weak crude demand against optimism of a global economic recovery. Singapore Airlines expands operations with Air IndiaSINGAPORE - Singapore Airlines (SIA) said on Monday that it has expanded its partnership with Air India with a new bilateral frequent flyer program. Oil drops below $69 as US dollar rebounds, Asian stocks slideOil prices dropped below $69 a barrel Monday, hurt by a rise in the U.S. dollar, which tends to weigh on commodities, and a slide in regional stock markets. Oil hovers near $72 in Asia as US crude inventories drop, dollar weakensOil prices hovered near $72 a barrel Friday as a drop in U.S. crude inventories suggested demand may be picking up and the dollar continued to slump against other currencies, boosting commodities. Oil rises above $72 in Asia as US crude inventories drop, dollar weakensSINGAPORE — Oil prices rose above $72 a barrel Friday in Asia as a drop in U.S. crude inventories suggested demand may be picking up. Oil rises as dollar falls, forecast for improved demand; OPEC keeps output unchangedOil prices edged higher Thursday on a weaker U.S. dollar, OPEC’s decision to maintain production levels and a new report that says the slump in global oil demand will not be as bad as initially feared. Oil climbs to near $72 in midday European trade as dollar falls, OPEC keeps output unchangedLONDON — Oil prices rose to almost $72 a barrel Thursday, helped by a weaker U.S. dollar, steady OPEC production levels and a new report predicting a less severe slump this year in global oil demand. Oil climbs above $72 in Asia as US dollar falls, OPEC to keep output unchangedSINGAPORE — Oil prices rose above $72 a barrel Thursday in Asia amid a slumping U.S. dollar and steady OPEC production levels. Send international sms from India freeKolkata, Sept 8 (IBNS) Hyderabad-based 160by2.com, one of India’s largest free SMS service providers, for the first time in the country enables its consumers send free SMS from mobile phone. This service is available to mobile phones with Internet connectivity across India and to UAE, Kuwait, Saudi Arabia, Singapore, Malaysia and Philippines. The application has triggered 1,17,760 downloads in just a month. Oil hovers near $71 in Asia as investors eye weakening US dollar, OPEC meetingOil prices hovered near $71 a barrel Wednesday after a weakening U.S. dollar sent crude soaring overnight and as an OPEC meeting was expected to announce no change in production levels. Crisis pushes US economy to 2nd in global competitiveness poll, Switzerland No.1GENEVA — The United States has lost its place as the world’s most competitive economy, according to a survey released Tuesday, falling behind Switzerland mainly because of the financial crisis and accumulated fiscal deficits. UAE maritime expo registers huge responseABU DHABI - The organisers of the Middle East Workboats exhibition have reported a 60 percent increase in exhibitors compared with the last year, despite the global slowdown, WAM news agency reported Tuesday. Oil rises above $69 in Asia as rising stocks reflect investor optimismSINGAPORE — Oil prices rose above $69 a barrel Tuesday in Asia, bouyed by rising regional stock markets as the U.S. summer driving season wound down. Oil hovers near $68 in Asia for fifth day as US summer driving season sendsSINGAPORE — Oil prices hovered near $68 a barrel Tuesday in Asia for a fifth day as the U.S. summer driving season wound down and OPEC planned to meet Wednesday. Oil steady near $68 in Asia for fourth day ahead of this week’s OPEC meetingOil prices stayed near $68 a barrel for the fourth straight day on Monday as OPEC was expected to keep its members’ output levels steady at this week’s meeting. |
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