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Shares in Malaysian commodity firm Tradewinds (M) Bhd jumped to a five-month high on Wednesday following a 1.5 billion ringgit ($489.40 million) buyout offer by Malaysia's seventh richest man Syed Mokhtar Al-Bukhary.
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*Dubai aims to "set the tone" for rest of world. DUBAI, Feb 3- Dubai aims to become a top global centre for Islamic bonds by introducing more detailed standards that ensure issuance and trading obey not only the letter but also the spirit of Islamic rules, a securities market official said.
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*S.Korea must cut further to offset Samsung Total deal with Iran- State Dept official. SINGAPORE, Feb 1- The United States will target companies that help disguise Iranian oil shipments to skirt Western sanctions, a State Department official said, as Washington steps up the pressure on Tehran to abandon its nuclear programme.
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SINGAPORE, Jan 31- Jet engine maker Pratt& Whitney, a unit of United Technologies Corp, will invest $110 million to set up two facilities in Singapore and expand existing operations- a boost to the Asian city-state's efforts to grow its manufacturing base.
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Thai billionaire Charoen Sirivadhanabhakdi has raised his stake in Fraser and Neave (F&N) to more than 50 percent, turning his offer to buy the rest of the Singapore property and drinks conglomerate unconditional.
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LONDON, Jan 30- Growing palm oil trees to make biofuels could be accelerating the effects of climate change, new research showed on Wednesday, adding further weight to claims the crop is not environmentally sustainable.
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SINGAPORE, Jan 30- Thai billionaire Charoen Sirivadhanabhakdi has raised his stake in Fraser and Neave Ltd to more than 50 percent, turning his offer to buy the rest of the Singapore property and drinks conglomerate unconditional.
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*Bank Negara directive would exclude use of Singapore ringgit reference rate. The central bank's directive would exclude use of a Singapore- based fixing now used by many traders in the market- and which a source with knowledge of bank probes in the city state said was found to have been subject to attempts at manipulation.
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The central bank's directive would exclude use of a Singapore- based fixing that is currently used by many traders in the market. Many of them had been using the reference rate provided by the Association of Banks in Singapore. The ABS's set of rates includes spot currency rates and interest rates for the ringgit, Singapore dollar, Thai baht and Indonesian rupiah.
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TAIPEI, Jan 28- Sun Art Retail Group Ltd overtook rivals such as Wal-Mart Stores Inc to become the No.1 hypermarket operator in China by supporting the local economy and counting on consumer loyalty to Chinese brands, said a major shareholder.
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*Egypt may find sukuk tougher than Gulf, Malaysia. CAIRO, Jan 23- Egypt's government is using an ingenious stratagem to try to push a bill authorising issues of sovereign sukuk past Islamic scholars, but even if it passes, the bill may not shield authorities from controversy that could slow issuance.
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Last March, about 20 wealthy guests gathered at Au Jardin Les Amis, an award-winning French restaurant in Singapore's Botanic Gardens to meet Baron Eric de Rothschild and representatives of the Zurich- based private bank that bears his name.
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BANGKOK, Jan 22- For self-made Thai billionaire Charoen Sirivadhanabhakdi, the takeover of Singapore's Fraser and Neave Ltd will add legions of assets to his drinks and real estate empire that already stretches from Southeast Asia to the United States.
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*Overseas Union chooses not to increase S $9.08- per-share offer. *Raising price unattractive after Singapore cools property mkt- Overseas Union.
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*Oct-Dec profit at $19 million. NEW DELHI, Jan 21- India's No. 2 budget carrier SpiceJet swung to a quarterly profit at the end of 2012, helped by higher fares in a market with reduced capacity, and said it would target a bigger slice of revenue from international flights in the future.
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SINGAPORE, Jan 21- Thailand's third-richest man has raised his stake and takeover offer for Fraser and Neave Ltd to fend off a bid by a group led by Indonesian tycoon Stephen Riady as the battle for the Singapore property and drinks group draws towards a close.
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*Overseas Union- led group had bid S $9.08/ share. SINGAPORE, Jan 19- Thailand's third richest man has raised his takeover offer for Singapore's Fraser and Neave Ltd, valuing the property and drinks conglomerate at nearly $11.3 billion, a move to fend off a rival bid from a group run by Indonesian tycoon Stephen Riady.
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China could emulate the success of the United States following the shale revolution and achieve a greater measure of energy security. China would be left with a growing dependence on unstable sources of supply, entangled in the difficult politics of the Middle East and Africa, and struggling to defend long supply lines against potentially hostile powers.
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*Charoen increases offer price to S $9.55 from S $8.88. SINGAPORE, Jan 19- Thai billionaire Charoen Sirivadhanabhakdi increased his offer for Fraser and Neave Ltd to S $9.55 per share, valuing the Singapore property and drinks firm at nearly S $13.8 billion, to fend off a rival bid.
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KUALA LUMPUR, Jan 18- Malaysian economist Azrul Azwar gave a presentation in Singapore last week that cost him his job.
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HONG KONG, Jan 18- Southeast Asia bank acquisitions are set for a record year of volumes with more than $20 billion worth of deals in the pipeline and buyers from Qatar to Japan expected to be interested in a piece of the region's financial houses.