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Singapore supermarket tycoon's mother abducted in rare kidnap case

SINGAPORE (Reuters) - Two men were charged with kidnapping on Friday in Singapore after the elderly mother of a supermarket tycoon was abducted and held for ransom, a rare instance in a country that prides itself on its low crime rate. Lim Hock Chee, founder and chief executive of Sheng Siong Group Ltd, said his mother, 79, was lured into a car on Wednesday morning by a man who said he had seen her son injured in a bad fall.

Singapore supermarket tycoon's mom freed from kidnappers

Two Singaporean men were arrested Thursday on suspicion of kidnapping the mother of a local supermarket tycoon and receiving a cash ransom of Sg$2.0 million ($1.6 million), police and local media said. The two men, aged 41 and 50, were arrested shortly after they picked up the ransom money from a suburban park and released the 79-year-old victim, a police statement said.

US firm drops Spain mega-casino plan to focus on Asia

US casino operator Las Vegas Sands dropped plans Friday to invest over $30 billion in a mega-resort that promised 260,000 jobs for Spain, where one in four people are unemployed, and would focus on Asia instead. The world's biggest casino company, owned by US billionaire Sheldon Adelson, announced in February it had chosen Alcorcon, a suburb of Madrid, as the site for what would have been Europe's largest casino resort.

Las Vegas Sands drops Spanish mega-casino project

US casino operator Las Vegas Sands said Friday it has dropped plans to invest over $30 billion in a mega-resort scheme that promised 260,000 direct and indirect jobs for Spain, where one in four people are unemployed. The company, owned by US billionaire Sheldon Adelson, said it would "continue aggressive pursuit of opportunities in Asia" where it already operates properties in Singapore and Macao.

Singapore stocks close flat

Singapore stocks close flat SINGAPORE, Dec. 12 (Xinhua) -- Singapore stocks finished almost flat on Thursday, with the benchmark Straits Times Index (STI) down 1.70 point, or 0.06 percent, to close at 3,059.04. A total of 1.94 billion shares changed hands with turnover of 1. 05 billion Singapore dollars (841 million U.S. dollars). Losers outnumbered gainers 189 to 155, while 607 others finished unchanged. The STI index lost 20.98 points, or 0.68 percent, to close at 3, 060.74 on Wednesday.

Singapore stocks close 0.68 pct lower

Singapore stocks close 0.68 pct lower SINGAPORE, Dec. 11 (Xinhua) -- Singapore stocks finished lower on Wednesday, with the benchmark Straits Times Index (STI) down 20. 98 point, or 0.68 percent, to close at 3,060.74. A total of 1.43 billion shares changed hands with turnover of 1. 06 billion Singapore dollars (848 million U.S. dollars). Losers outnumbered gainers 289 to 106, while 557 others finished unchanged. The STI index lost 31.92 points, or 1.03 percent, to close at 3, 081.72 on Tuesday.

Singapore stocks close 1.03 pct lower

Singapore stocks close 1.03 pct lower SINGAPORE, Dec. 10 (Xinhua) -- Singapore stocks finished lower on Tuesday, with the benchmark Straits Times Index (STI) down 31. 92 point, or 1.03 percent, to close at 3,081.72. A total of 1.82 billion shares changed hands with turnover of 1. 38 billion Singapore dollars (1.1 billion U.S. dollars). Losers outnumbered gainers 255 to 139, while 558 others finished unchanged. The STI index lost 0.53 points, or 0.02 percent, to close at 3, 113.64 on Monday.

Roundup: Singapore stocks end almost flat

Roundup: Singapore stocks end almost flat SINGAPORE, Dec. 9 (Xinhua) -- Singapore shares closed 0.02 percent lower on Monday, as investors shrugged off strong Chinese trade data, and a firm finish on Wall Street. While Friday's solid U.S. jobs report may force the Federal Reserve to start tapering its asset buying sooner, the figures also suggested the U.S. economy is recovering well enough to withstand the move. Meanwhile, China's exports came in well above forecasts in November, rising 12.7 percent from a year earlier, while imports rose 5.3 percent.

Singapore stocks close flat

Singapore stocks close flat SINGAPORE, Dec. 9 (Xinhua) -- Singapore stocks finished flat on Monday, with the benchmark Straits Times Index (STI) down 0.53 point, or 0.02 percent, to close at 3,113.64. A total of 2.35 billion shares changed hands with turnover of 1. 01 billion Singapore dollars (808 million U.S. dollars). Gainers outnumbered decliners 210 to 186, while 554 others finished unchanged. The STI index shed 10.21 points, or 0.33 percent, to close at 3, 114.17 on Friday.

Roundup: Singapore stocks end down 0.33 pct

Roundup: Singapore stocks end down 0.33 pct SINGAPORE, Dec. 6 (Xinhua) -- Singapore shares closed 0.33 percent lower on Friday, as investors worried about an imminent scaling back in U.S. stimulus, with U.S. payrolls data to be closely watched. U.S. stock markets suffered from a fifth straight day of loss on Thursday as investors fretted about the risk the Federal Reserve will begin to taper its monthly debt purchases of 85 billion U.S. dollars at its policy meeting on Dec. 17 and 18.
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