CAO Singapore May Face Hugh Debt
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Early estimates of China Aviation Oil (Singapore)&#39;s gross liabilities suggest the crippled jet fuel supplier could face debts of US$450-500 million, said a report in Singapore&#39;s Business Times on Tuesday.
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Investors were concerned that the U.S. credit crisis would crimp demand among U.S. consumers for Asiaâs exports.
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SINGAPORE: The mainland&#39;s plan to buy Canadian mining giant Noranda for some US$5 billion is just the beginning of an overseas acquisition march fuelled by swollen foreign exchange reserves and a need to secure natural resources.
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A politically contentious plan to   revamp the 61-year-old International Monetary Fund and give   rising economic powers more say will be hotly debated when   world financial leaders gather in Singapore this week and next.
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SINGAPORE (Dow Jones)--China Aviation Oil (Singapore) Corp.&#39;s (C47.SG) suspended chief executive will return &quot;sometime this week,&quot; the company said Monday, confirming reports he will be returning to assist in investigations concerning CAO&#39;s US$550 million
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International news magazine, The Economist, has apologized to Singapore Prime Minister Lee Hsien Loong and agreed to pay 127,000 pounds (&#36;227,700) in damages over an article on a government company run by his wife.
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International investors may buy as much as $15 billion in bad loans in China in the next three years, said PricewaterhouseCoopers LLP, the world&#39;s third-biggest accounting firm.
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CHINA Life, China&#39;s largest life insurer, might start investing in overseas financial markets before the end of the year, state media reported yesterday.
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China had &quot;strong reservations&quot; about floating its yuan currency (CNY=: Quote, Profile, Research) , according to International Monetary Fund documents from July that were released on Friday.
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China announced with great flourish this week that it is forgiving debt owed by Iraq. But with the Iraqi president set to hold talks Friday with the Chinese premier, it was still unclear how much debt has been written off.
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SINGAPOREâChina&#39;s plan to buy Canadian mining giant Noranda Inc. is just the beginning of an overseas acquisition march fuelled by swollen foreign exchange reserves and a need to secure natural resources.
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HONG KONG The Chinese-controlled company in Singapore that failed last week after losing $550 million in speculative trading of derivatives said Monday that its chief executive would return to Singapore later this week to help investigators.
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Singapore Airlines says it will not sweeten its bid to buy a stake in China Eastern Airlines as rival Air China promises to pay more.
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CREDITOR countries in the Club of Paris, which includes Australia, are to discuss public debt owed by countries hit by the quake disaster in Asia at a meeting planned in Paris for January 12, a source for the creditors said today.
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MANILA (Dow Jones)--The Philippine government has mandated three investment banks to underwrite a bond offer that will raise at least $750 million in the overseas capital market, Philippine Daily Inquirer reports, citing unnamed banking and government
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JUST AS the diplomatic flap over Prime Minister Lee Hsien Loong&#39;s visit to Taiwan dies down, Singapore has been drawn into another cross-straits row.
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Investors may move out of the dollar if  the U.S. current account deficit remains as high as it is at  the moment while Asian countries run a surplus, OECD Secretary  General Angel Gurria said on Monday,