Australia, South Korea, the Philippines, India, Sri Lanka and Bangladesh already operate without a lunch interval. Singapore’s trading day now runs from 9 a.m. to 12:30 p.m. local time, followed by a 90 minute break and an afternoon session between 2 p.m. and 5 p.m.
Singapore Exchange, operator of the city’s derivatives and securities market, will scrap its midday trading break from March as it seeks to increase its regional role.
Australia, South Korea, the Philippines, India, Sri Lanka and Bangladesh already operate without a lunch interval. Singapore’s trading day now runs from 9 a.m. to 12:30 p.m., followed by a 90 minute break and an afternoon session between 2 p.m. and 5 p.m.
TOUR DATES INCLUDE UNNAMED APRIL 15 SLOT; “TAKE A WILD GUESS”
 Cut Copy |
With the imminent release of new album Zonoscope on February 8, Cut Copy have unveiled North
American tour dates. All shows will feature Holy
Ghost! as support. All tickets are on sale Friday, January 21. There are a limited number
of tickets for these shows available for presale, starting now at www.cutcopy.net. You can buy up to four tickets per person, and in addition
pre-order Zonoscope on CD, Vinyl, or check out a new limited-edition band-designed T-Shirt.
CUT COPY/HOLY GHOST! TOUR DATES
Sat 26 March – Miami, FL – Ultra Music Festival / Bicentennial Park
Mon 28 March – Atanta, GA – Masquerade (Heaven Stage) *
Tue 29 March – Washington DC – 9:30 Club *
Thu 31 March – Philadelphia, PA – The Trocadero *
Sat 2 April – New York, NY – Terminal 5 *
Mon 4 April – Boston, MA – House of Blues *
Tue 5 April – Montreal, QC – Club Soda *
Wed 7 April – Toronto, ON – Sound Academy *
Fri 8 April – Chicago, IL – Riviera *
Sat 9 April – Minneapolis, MN – First Avenue *
Tue 12 April – Seattle, WA – Showbox Sodo *
Fri 15th April – Take A Wild Guess
Sat 16 April – San Francisco, CA – The Grand Ballroom @ Regency *
Wed 20 April – Dallas, TX – Granada Theater *
Fri 22 April – Austin, TX – Stubbs BBQ *
Sat 23 April – New Orleans, LA – Republic *
* = w/ Holy Ghost
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Russia’s federal government will lose 5% of its staff this year as part of a three-year program of cuts, RIA Novosti reported. The Russian news agency quoted Prime Minister Vladimir Putin’s spokesman Dmitry Peskov.
Serbia must facilitate “bureaucratic procedures” and create an environment favorable for business activities in order to attract foreign investments. This is according to Secretary-General of the International Organization of Employers (IOE) within the UN Antonio Penalosa, who spoke for B92 in Belgrade on Tuesday.
Verizon Wireless is cutting the cost of its Samsung Galaxy by $100 from $599, perhaps in a sign that sales aren’t up to par. Verizon may unveil more tablets at CES this week. – Verizon Wireless is hacking the price of its Samsung Galaxy Tab by $100,
offering the popular tablet for $499 and throwing in $60 worth of free movie
rentals to boost sales in the new year.
Droid Life, which said the movie rentals will come via the integrated
Blockbuster application Verizon inc…
A Serbian Orthodox Church dignitary says the reduction in the number of KFOR soldiers in Kosovo is “worrying and represents a very dangerous process”. “The cut in the number of KFOR soldiers, given the permanent political and security instability in Kosovo-Metohija, is a very dangerous process,” Archimandrite Sava Janjić stated at the SPC DeÄani Monastery, adding that the KFOR reduction can cause a security vacuum in the province.
Daiwa cuts Wilmar’s (F34.SG) target price to $6.73 from $7.49, based on a lower 14.4x FY11 P/E vs 16.2x FY11 P/E previously, to reflect its concerns over the agribusiness group’s venture into the real estate business.
“We believe investors will see this as a strategic divergence from its core (business), will raise concerns that the company is running out of investment opportunities in its core business, and have investors questioning why Wilmar is being used for this project.”
Goldman Sachs downgrades STX Pan Ocean (GZ9.SG, 028670.SE) to Sell from Neutral as the company is the most leveraged to weak bulk spot rates within the bulk shipping sector.
“Furthermore, we think there is execution risk on diversification from its core bulk shipping business, hampering earnings recovery. Aggressive expansion in fleet also heightens the risk of over-investment.”
The Android 2.3-based Samsung Nexus S was slated to go on sale in the U.K. Dec. 20. Instead, Carphone Warehouse and Best Buy will sell it in that country Dec. 22 at a discount. – Samsung’s Nexus S smartphone, slated to go on sale at
Carphone Warehouse and Best Buy U.K. in the U.K. Dec. 20, is being pushed to Dec.
22.
That delay, which still makes the device available to
shoppers before Christmas, was tempered by a price cut. The unlocked phone (no
SIM card) will cost U….
DMG cuts Think Environmental (A78.SG) target price to $0.135 from $0.350 and keeps the stock at Sell after the company announced it has entered into a MOA with Mornington Offshore for the proposed investment in the latter which owns 100% stake in a gold exploration company, Societe Emas Mali.
The house says details of the investment in Mornington “remain scanty,” but views the move into offshore gold mining negatively “due to its shift in focus away from the troubled environmental business, and the lack of experience in offshore gold mining in a new country.”
Phillip Securities downgrades Neptune Orient Lines (N03.SG) to Hold from Buy due to limited upside of 11.6% from current share price to fair value estimate of $2.41, which is raised from $2.36 due to higher estimates.
The house is now more optimistic on the outlook of container shipping industry, while “NOL has also ordered new container vessels, which shows it is confident about the future.”
Kim Eng Securities downgrades Wilmar (F34.SG) to Hold from Buy and cuts its target price to $6.24 from $7.20 (based on 15x FY11 P/E vs 18x FY10 P/E previously).
Flags the risk of margin compression given higher raw material costs due to rising prices of CPO and soybeans.
DMG downgrades Osim (O23.SG) to Neutral from Buy as the stock has breached its $1.66 target price.
Says the shares, based on yesterday’s $1.70 close, are now worth 18.5x FY11 P/E, the average multiple from 2006-2008.
CIMB downgrades Indofood Agri Resources (5JS.SG) to Neutral from Trading Buy on valuation grounds.
Still, it lifts target price to $3.24 from $3.17, based on 18x forward P/E, after increasing FY11-12 earnings estimates by 3% to account for higher rubber prices for unit London Sumatra (LSIP.JK) and lower taxes.
Goldman Sachs downgrades Wilmar (F34.SG) to Neutral from Buy, and cuts its target to $ 6.25 from $ 7.00 as it now values company against the Southeast Asian commodities sector instead of the plantations sector.
“The Asean plantations sector may not be as good of a comparable for Wilmar as its earnings are not as highly leveraged to CPO prices.”
Transportation Secretary LaHood said technology can only go so far in reducing distracted driving accidents. Personal responsibility is the key. – Federal transportation officials are looking to get ahead of a story
that broke last week indicating that they are looking into technologies
that could block the use of a cell phone while driving as part of a
larger effort to reduce accidents caused by people talking or texting
behind the wheel….
