Business News

SC unemployment rises to 12.1 percent for October

AP - Saturday, November 21

COLUMBIA, S.C. - The unemployment rate in South Carolina rose nearly half a percentage point in October, returning to a record level of 12.1 percent set earlier this year, the state agency that calculates the rate said Friday.

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Mass. finance chief criticizes 'risky' budget move AP – Saturday, November 21
California unemployment rate hits 12.5 percent AP – Saturday, November 21
Agriculture futures mostly fall, livestock higher AP – Saturday, November 21
Texas jobless rate up, but so is number of jobs AP – Saturday, November 21
South Dakota red meat production falls in October AP – Saturday, November 21

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Singapore

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Singapore Air confident of recovery - executive
Reuters - Friday, November 20
SINGAPORE, Nov 20 (Reuters) - Singapore Airlines <SIAL.SI> said on Friday it expects the current up tick in air travel to continue.
Magazine pays damages to Singapore leaders: lawyer
AFP - Wednesday, November 18
SINGAPORE (AFP) - - The Far Eastern Economic Review and its editor have paid over 400,000 Singapore dollars (290,000 US) to settle a defamation suit filed by Prime Minister Lee Hsien Loong and his father, the magazine's lawyer said Wednesday.
Singapore Press to buy shopping mall for $392 mln
Reuters - Wednesday, November 18
SINGAPORE, Nov 17 (Reuters) - Singapore Press Holdings <SPRM.SI>, which has a near monopoly on newspaper publishing in the city-state, will pay S$541.9 million ($391.8 million) for a property in Singapore.

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Asia

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S.Korean shipbuilder STX cuts 351 jobs in France
AFP - Saturday, November 21
SAINT-NAZAIRE, France (AFP) - - South Korean shipbuilding giant STX is cutting 351 jobs in France through voluntary departures at the historic Saint-Nazaire shipyard, company officials said on Friday.
Malaysia issues China's ICBC local banking licence
AFP - Saturday, November 21
KUALA LUMPUR (AFP) - - Malaysia's finance ministry has issued a commercial banking licence to China's largest bank, the country's central bank announced Friday.
Sri Lanka reserves 'comfortable' after bailout: IMF
AFP - Saturday, November 21
COLOMBO (AFP) - - The International Monetary Fund said Friday Sri Lanka's foreign reserves have reached "comfortable levels," helped by a bailout package, but economic growth was still below potential.