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PETALING JAYA: Lingui Developments Bhds independent advisor has advised shareholders to vote in favour of the privatisation of the timber company by Hong Kong Stock Exchange-listed Samling Global Ltd as the offer price is deemed reasonable given Linguis historically modest market price.
LONDON: Greece is facing a critical year that hinges on its three-party ruling coalition sticking together and following the bailout program agreed with the European Union and the International Monetary Fund, Finance Minister Yannis Stournaras said in the Financial Times on Thursday.
DUBLIN: Ireland expects to return fully to bond markets late next year but needs a deal on easing its bank debt to make sure it can successfully exit its international bailout, Prime Minister Enda Kenny said.
SINGAPORE: Asian shares rose and the euro hit multi-month highs on Wednesday as signs of progress in resolving the U.S. fiscal cliff budget crisis and expectations of more aggressive monetary stimulus from the Bank of Japan lifted riskier assets.
SEOUL: Business sentiment among Asia's top companies improved slightly in the fourth quarter, reversing two consecutive quarters of declines, while global economic uncertainty remained the biggest concern for the region's firms, a Thomson Reuters/INSEAD survey showed
SINGAPORE: The World Bank raised its 2013 economic growth forecasts for China and developing East Asia on Wednesday, and said the region remained resilient despite the lacklustre performance of the global economy.
related counters taking the lead, with market sentiment displaying firm confidence following the stronger US and European markets.