Wednesday, August 10, 2011

Market Daily -- 10th Aug 11

8.  Tiger Airways: To Implement Gradual Resumption Of Australia Services From Aug 12
 Tiger Airways: To Focus On Popular, Profitable Routes In Australia
 Tiger Airways: To Reduce Australia Operating Fleet To 8 Aircraft From 10
Tiger Airways: To Redeploy 2 Aircraft In Australia To Other Group Operations
 Tiger Airways Confirms Imminent Closure Of Adelaide Airport Crew Base
 Tiger Airways Confirms Temporary Suspension of Avalon Airport Crew Base
Tiger Airways: CASA To Discontinue Federal Court Case On Australia Flight Suspension 

7. Temasek Unit Fullerton Fund Management Appoints Manraj Sekhon As CEO
Manraj Sekhon Was Head Of International Equities At Henderson Global Investors

6. Australia's CASA Lifts Tiger Airways Grounding - Report
 Australia's CASA Imposes New Conditions On Tiger
 Australia's CASA: Extra Training Required For Tiger Pilots
 Australia's CASA: Tiger Can Only Fly 18 Sectors/Day In August

5. Tiger Airways Target Cut To S$1.15 Vs S$1.86 By Morgan Stanley

4.  SingTel Target Price Raised To S$3.36 From S$3.19 By CIMB

3. Singapore MTI: Economy Contracted 6.5% On Quarter, Annualized In 2Q
 Singapore Economy 2Q Contraction Less Than 7.8% Estimated Earlier
 Singapore Revises 2011 GDP Growth Forecast To 5%-6% Vs 5%-7%
 Singapore MTI: 2Q Economy Rose 0.9% On Year Vs 0.5% Rise Estimated Earlier
 Singapore 2011 Non-Oil Domestic Exports To Rise 6%-7% Vs 8%-10% Estimated Earlier
 Singapore MTI: Some Temporary Factors Slowing Growth Appear To Have Eased
 Singapore MTI: Downside Risks To Economy Have Increased
 Singapore MTI: Concerns Of A Double-Dip Recession In US Have Emerged
 Singapore MTI: Downgrade Of US Sovereign Debt Rating Has Led To Financial Market Volatility, Increased Uncertainties
 Singapore MTI: Market Sentiment Remains Fragile In EU
 Singapore's Economic Growth Could Be Lower Than Expected If Global Situation Worsens - MTI

2. Singapore Airlines: To Order 8 More Boeing 777-300ERs
Singapore Airlines: New Aircraft To Be Delivered Starting 2013-14 Financial Year
Singapore Airlines: Order Valued At US$2.3 Billion At List Prices

1. The Dow Jones industrial average gained 429.92 points, or 3.98 percent, to end at 11,239.77. The Standard & Poor's 500 Index rose 53.07 points, or 4.74 percent, to 1,172.53. The Nasdaq Composite Index added 124.83 points, or 5.29 percent, to 2,482.52