Singapore Stocks-May open highher; Genting, Noble in focus

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Singapore shares may open higher on Friday after brighter corporate news lifted U.S. stocks and debt-ladened Italy was able to fund itself at a bond auction.  

Casino operator Genting Singapore may be in focus after reporting adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of S$375.5 million  ($290.5 million) in its third quarter, a 7 percent increase from a year earlier.

RBS said in a report that the market share of Genting's Singapore casino, Resorts World Sentosa, continued to erode quarter-on-quarter and now stood at 48 percent, losing its market leader status to rival Marina Bay Sands.

 

----------------------MARKET SNAPSHOT @ 0029 GMT ------------

INSTRUMENT   LAST       PCT CHG   NET CHG

S&P 500                          1239.7       0.86%    10.600

USD/JPY                          77.64        0.03%     0.020

10-YR US TSY YLD                 2.0573          --     0.000

SPOT GOLD                        1753.24     -0.36%    -6.350

US CRUDE                         97.48       -0.31%    -0.300

DOW JONES                        11893.79     0.96%    112.85

ASIA ADRS                        116.37       0.00%      0.00

-------------------------------------------------------------

 

> Wall St rebounds as corporate news offsets Italy      

> U.S. bond prices fall, Europe to remain key driver    

> Euro breathes easier for now, still sweating        

> Gold edges down as Italy worries ease                

> Crude jumps on Europe moves, data from U.S, China    

Stocks and factors to watch:

-- NOBLE GROUP

- Founder and acting chief executive of commodities firm

Noble Group, Richard Elman, said on Friday the departure of

former CEO Ricardo Leiman was planned for some time and had

nothing to do with the third-quarter loss.

Separately, an investment firm linked to Elman's family

bought 10 million of Noble shares on Thursday as the price

plunged by more than a quarter, Noble Group said in a regulatory

filing.  

-- CITY DEVELOPMENTS

- Singapore property developer City Developments said on

Thursday its third-quarter net profit fell 32.4 percent to

S$132.1 million from a year earlier, partly hurt by lower

contribution from rental properties.

-- DBS GROUP HOLDINGS, SINGAPORE POST

- Southeast Asia's largest bank DBS and postal service

provider Singapore Post announced on Thursday a partnership to

offer basic banking services at all Singapore Post's outlets

from January 3, 2012. This will enable customers to conduct

banking transactions at 140 outlets in Singapore, up from DBS's

80 branches currently.

- Singapore's benchmark Straits Times Index fell

2.51 percent on Thursday to 2,786.90 points.

- The Dow Jones industrial average gained 0.96

percent to finish at 11,893.79. The Standard & Poor's 500 Index

rose 0.86 percent to 1,239.70. The Nasdaq Composite Index

advanced 0.13 percent to 2,625.15.

ASIA-PACIFIC STOCK MARKETS:

Japan             S.Korea       China  

Hong Kong        Taiwan        SE Asia

Australia/NZ     India      

OTHER MARKETS:

Wall Street       Gold         Currency  

Eurostocks       Oil           JP bonds  

ADR Report      LME metals  US bonds  

STOCKS NEWS US, Europe, Asia:

DIARIES & DATA:

IPO diary & data

U.S. earnings diary

Singapore diary

Eurostocks Week Ahead

Asia earnings diary

European diary

Wall Street Week Ahead

TOP NEWS:

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News

European companies    Forex news

Global Economy       Technology

Telecoms            Media news

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A multimedia version of Reuters Top News is available at:

topnews.session.rservices.com

LIVE PRICES & DATA:

World Stocks        Currency rates  

Dow Jones/NASDAQ  Nikkei

FTSE 100 Debt  

(Local currency) LME price overview

($1 = 1.292 Singapore Dollars)

(Reporting by Eveline Danubrata)

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