10 Aug '12, 5am

Singapore’s Stocks Shine Even as Economy Shrinks

Data on Friday showed Singapore’s economy contracted 0.7 percent in the second quarter from the first on an annualized and seasonally-adjusted basis, hit by global economic uncertainty. This was not as bad as an advance estimate in July of a 1.1 percent contraction, but economists, who had expected an expansion, were taken by surprise.

Full article: http://www.cnbc.com/id/48604755

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