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SINGAPORE shares opened at 2,903.44 on Wednesday morning, up 7.01 points or 0.24 per cent. About 137 million shares exchanged hands.

STI opens higher

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_503057.html

STI opens higher »

BRUSSELS - EUROPE insisted on Tuesday that a contingency plan to save Greece from bankruptcy with emergency loans was only prudent foresight and unlikely to be enacted, as Athens pushed for concrete details. As the euro zone tackled a government debt crisis that has exposed deep divisions, European Union partners made it clear that the 27-nation bloc sees any eventual aid as a necessary evil that must be prepared only if the health of the euro currency is endangered.

Greece won't need rescue: EU

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_503037.html

Greece won't need rescue: EU »

TOKYO - JAPANESE share prices opened higher Wednesday, with the benchmark Nikkei-225 index rising 63.75 points, or 0.59 per cent, to 10,785.46 in the first minute of trading.

Tokyo stocks open higher

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_503046.html

Tokyo stocks open higher » Click on headline for full report »

SAN FRANCISCO - TOP golfer Tiger Woods relieved sponsors by announcing his return to the Masters next month and now needs a victory on the links to revive his US$100 million (S$139.7 million) sports brand. Woods announced on Tuesday he would return to golf at the US Masters in early April after stepping away from the game to address his marital infidelities.

Woods must keep sponsors happy

http://www.straitstimes.com/BreakingNews/Sport/Story/STIStory_503042.html

Woods must keep sponsors happy »

ORLANDO (Florida) - TIGER Woods announced on Tuesday he will return to competitive golf at the Masters in April, nearly five months after revelations about a series of affairs wrecked his global image. In a statement posted on his website, top-ranked Woods said he would return to the sport he has long dominated at famed Augusta National Golf Club for the year's first major championship, which begins on April 8.

I'll be back next month

http://www.straitstimes.com/BreakingNews/Sport/Story/STIStory_503041.html

I'll be back next month »

SEVILLE (Spain) - CSKA Moscow reached the Champions League quarterfinals for the first time after beating Sevilla 2-1 on Tuesday, with Keisuke Honda scoring the winner for a 3-2 aggregate. CSKA went ahead in the 39th minute when Tomas Necid received the ball on the edge of the area, moved away from his marker and calmly placed the ball past Andres Palop.

CSKA Moscow beats Sevilla

http://www.straitstimes.com/BreakingNews/Sport/Story/STIStory_503022.html

CSKA Moscow beats Sevilla » Click on headline for full report »

MOSCOW - WORLD number two Dinara Safina has pulled out of next week's Sony Ericsson Open tournament because of persistent back injury, the Russian said on Tuesday. 'Unfortunately, I will not be able to play in Miami this year because of the back injury that's been bothering me since the end of last season,' she said on her official website (www.dinarasafina.com).

Safina to miss Miami

http://www.straitstimes.com/BreakingNews/Sport/Story/STIStory_503021.html

Safina to miss Miami »

HELSINKI - DAVID Beckham said he was looking forward to returning to full fitness as soon as possible after spending a second day at a Finnish hospital where he underwent surgery to repair a torn Achilles tendon. Monday's operation was deemed a success but the England winger's hopes of playing in June's World Cup in South Africa look over.

Beckham targets full fitness

http://www.straitstimes.com/BreakingNews/Sport/Story/STIStory_503019.html

Beckham targets full fitness »

WASHINGTON - US TREASURY Secretary Timothy Geithner on Tuesday warned jobless Americans they face a torrid year ahead, predicting continued high unemployment levels despite advances 'sometime this spring'. Speaking in Congress, Mr Geithner said some improvements in the decimated US job market would come soon, but not enough to eat into the near double-digit unemployment that has brought the crisis into ordinary Americans' homes.

US jobless will remain high

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_503017.html

US jobless will remain high » Click on headline for full report »

CHICAGO - HONDA announced on Tuesday the recall of an estimated 412,000 vehicles in the United States because of problems with 'soft' brakes in the latest blow to the embattled Japanese auto industry. Honda said the problem can result from air accumulating in a 'vehicle stability assist modulator' which causes the pedal to get closer than normal to the floor before the vehicle stops.

Honda recalls 412,000 US cars

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_503013.html

Honda recalls 412,000 US cars »

ATHENS - PRESSURE eased on Greek sovereign bonds on Tuesday after an international credit ratings agency lifted its threat of an imminent downgrade of Greece's debt rating. The yield on Greek 10-year bonds fell to 6.106 per cent compared to 6.169 per cent late on Monday after Standard & Poor's said it was maintaining Greece's BBB+/A-2 sovereign credit ratings.

Greek bonds yields fall

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_503010.html

Greek bonds yields fall »

NEW YORK - US STOCKS ended higher on Tuesday as investors cheered the Federal Reserve's pledge to keep interest rates 'exceptionally low' 'for an extended period' after a policy meeting. The Dow Jones Industrial Average rose 43.83 points (0.41 per cent) to 10,685.98, as the blue-chip index rallied for the sixth session in a row.

US stocks close higher

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_503005.html

US stocks close higher » Click on headline for full report »

WASHINGTON - THE Federal Reserve on Tuesday maintained record low interest rates in the hope of stimulating a still fragile US economic recovery, dogged by high unemployment and tight credit. After a one-day meeting, the Federal Open Market Committee (FOMC) voted 9-1 to keep the federal funds rate - at which banks charge each other for loans - at an unprecedented zero to 0.25 per cent range, a central bank statement said.

Fed extends low rates

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_503003.html

Fed extends low rates »

LONDON - INTER Milan manager Jose Mourinho got his revenge on Chelsea as a late goal from Samuel Eto'o sealed a 1-0 last 16 second leg victory over his former club at Stamford Bridge on Tuesday for a 3-1 aggregate victory. Mourinho was back at Chelsea for the first time since being sacked in September 2007 following a power struggle with Blues owner Roman Abramovich and he showed the Russian what he had let go by devising the perfect game-plan to eliminate his former team.

Sweet revenge for Mourinho

http://www.straitstimes.com/BreakingNews/Sport/Story/STIStory_503001.html

Sweet revenge for Mourinho »

KUALA LUMPUR - ONLY 18 months after stepping down, former Malaysian Chinese Association (MCA) president Ong Ka Ting surprised observers yesterday when he announced that he would run for the top post again in the upcoming party polls. Tan Sri Ong led the MCA from 2003 to 2008, but resigned under a cloud after the party's poor showing at the last general election.

Ex-MCA chief's comeback bid

http://www.straitstimes.com/BreakingNews/SEAsia/Story/STIStory_503058.html

Ex-MCA chief's comeback bid » Click on headline for full report »

BANGKOK - MS WAN, a 42-year-old from Samut Prakarn, braved the morning heat yesterday to stand in a crowded, jostling queue to give blood. 'If we can do this for the country, why not? Every drop of blood will help bring back democracy,' she said.

Bleeding to make a point

http://www.straitstimes.com/BreakingNews/SEAsia/Story/STIStory_503032.html

Bleeding to make a point »

JAKARTA - INDONESIA'S plan to build nuclear power plants received a big boost after a key parliamentary commission said it supported the move, aimed at meeting the country's growing demand for electricity. The next step is for the commission for energy, technology and the environment to ask Parliament to endorse the plan by a vote, which is now a formality.

Nuclear Power

http://www.straitstimes.com/BreakingNews/SEAsia/Story/STIStory_503030.html

Nuclear Power »

BANGKOK - 'RED shirt' protesters yesterday splattered jugs of their own blood onto the gates of the Prime Minister's office, as anti-government demonstrations continued.Thousands of them donated 10cc to 20cc - amounting to a few teaspoons each - for the symbolic gesture showing that they were ready to spill their blood for democracy.

'Bloody' face-off

http://www.straitstimes.com/BreakingNews/SEAsia/Story/STIStory_503014.html

'Bloody' face-off » Click on headline for full report »

ORLANDO (FLORIDA) - NEWS that Tiger Woods is returning to golf at next month's Masters was welcomed with open arms yesterday. Within hours of the news breaking yesterday, the Royal & Ancient Golf Club of St Andrews said through its spokesman: 'We're pleased to hear that Tiger is to return to golf. Golf needs the world No. 1 to be playing.'

Welcome back, Tiger

http://www.straitstimes.com/BreakingNews/Sport/Story/STIStory_503029.html

Welcome back, Tiger »

A RESIDENTIAL site facing Bedok Reservoir that failed to be sold 18 months ago after attracting only one bid of $84.6 million is now sought after by eight developers, with one offering $302 million.The Tampines site was a victim of the financial meltdown when it closed for tender in August 2008, but the property market rebound has brought it back into favour.

$302m bid for Tampines site

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_503056.html

$302m bid for Tampines site

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