BEIJING (REUTERS) - China's securities regulator will announce rules on preferred stock issuance in January, it said on Friday, part of a reform drive to boost funding channels for companies and restore confidence in equity markets.
TOKYO (AFP) - Japan has expanded currency swap agreements with Indonesia and the Philippines, officials said Friday, as Tokyo looks to bolster regional relations to counter the growing influence of China.
Retail sales fell a sharp 9.4 per cent in October compared with a year ago, due to lower motor vehicles sales. If the effect of motor vehicles sales was excluded, retail sales went down by only 0.9 per cent.
Mainboard-listed Centurion Corp has bought a 77,715 sq ft piece of land in Jakarta, Indonesia to develop worker accommodation.
Singapore shares opened lower on Friday, with the benchmark Straits Times Index at 3,049.97, down 0.30 per cent, or 9.07 points.