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The Business Times Online Edition - Singapore



IMF tells China to tackle underlying causes of bubble A 'PROPERTY bubble is beginning to inflate in some of China's larger cities' and while Chinese authorities are treating the symptoms of what could become an economically and socially dangerous phenomenon they are not attacking its underlying causes, the International Monetary Fund warned yesterday.


La Liga out to topple EPL in Asian hearts & minds (SINGAPORE) Spain's professional football league La Liga aims to wrest the dominance of the English Premier League (EPL) in the lucrative Asian football market.


Korea firm courts Harrah's, MGM Resorts for Cambodia casino (BANGKOK) South Korean developer Intercity Group plans to start construction in October on a US$400 million casino resort complex near Cambodia's Angkor Wat temples that aims to draw high rollers from Macau and Singapore.


Emirates looks to Singapore to staff expansion (SINGAPORE) Dubai-based airline Emirates will kick off a recruitment drive for first officers and engineers in Singapore next month.


Boeing's Q2 earnings down 21% (CHICAGO) Boeing said second-quarter earnings declined 21 per cent on fewer plane deliveries, and reduced its projection for profitability at its defence unit on slower US military spending.


Congress ready to pass aviation safety measures (WASHINGTON) The US Congress is getting ready to pass tough new aviation safety measures that were developed in response to a deadly commuter plane crash in western New York in early 2009, a key lawmaker said on Wednesday.


Some companies acting to sidestep air-screening delays (WASHINGTON) Pfizer the world's largest drugmaker, did not want to take any chances when rules requiring screening of all US air cargo take effect next week. Neither did Racine Berkow Associates, a shipper of fine art.


CIC posts 11.7% global returns in '09 (BEIJING) China's sovereign wealth fund posted an 11.7 per cent return on its overseas portfolio in 2009, reversing a loss a year earlier, according to the official China Central Television.


IMF split in debate on yuan exchange rate (BEIJING) The IMF has softened its criticism of China's currency regime in recognition of Beijing's efforts to free up its exchange rate but the move showed a split among the Fund's member countries.


China wins WTO dispute with US on poultry imports (BEIJING) The World Trade Organization (WTO) has ruled in China's favour in a dispute with the United States over imports of Chinese chicken, state media reported yesterday.