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SINGAPORE, April 16 () -- Singapore shares edged 0.14 percent higher, despite losses on Wall Street last Friday, dragged by renewed concerns over Europe's debt woes after rising bond yields in Spain spooked investors.Spain's government bond yields jumped on Friday and the cost of insuring its debt against default soared as record borrowing by its banks from the European Central Bank highlighted fears about the country's finances. The country faces a test of investor confidence this week with an auction of two- and 10-year bonds on Thursday.OCBC Investment Research said "the (local) market is likely to continue trending sideways," adding "there is buying on dips, but little follow-through" with 3,000 points as resistance.The benchmark Straits Times Index rose 4.3 points to close at 2, 992.12 points. Trading volume was 2.51 billion shares worth 918.2 million Singapore dollars. Decliners outnumbered advancers 223 to 133, while 425 stocks closed unchanged.Among top actives, LionGold gained 3.2 percent to 1.115 Singapore dollars. The goldmining firm said it has made a takeover bid for Australia gold producer Castlemaine Goldfields Ltd in a deal worth 50.3 million Australian dollars.Genting Singapore inched up 0.9 percent to 1.70 Singapore dollars. Maybank Kim Eng Research expected the casino operator to use the proceeds of its perpetual securities issues for a Mongolian casino, noting it incorporated four Mongolian companies in fourth quarter last year. The research house cuts its target price to 2 Singapore dollars from 2.10 Singapore dollars after lowering financial years 2012 to 2014 net profit estimates by 22 percent to 24 percent, but keeps "Buy" rating on the stock.Singapore Press Holdings rose 0.3 percent to 3.90 Singapore dollars. The publishing and property firm reported an 11.6 percent rise in second-quarter net profit to 84.1 million Singapore dollars, helped by higher rental income. CIMB Research has increased target price of the firm to 4.13 Singapore dollars from 3.90 Singapore dollars and kept its "Neutral" rating, citing higher property values and to reflect the acquisition of a land site in northeast of Singapore.CapitaLand ended flat at 2.95 Singapore dollars. The southeast Asia's largest property firm said it has sold 125 out of 180 units of its new residential development in Singapore, Sky Habitat, as of Sunday evening. The average price of units sold ranged from 1, 747 Singapore dollars per square foot for a one-bedroom unit to 1, 642 per square foot for a four-bedroom unit.Singapore Technologies Engineering edged up 0.3 percent to 3.20 Singapore dollars. OCBC Investment Research raised its target price to 3.50 Singapore dollars from 3.32 Singapore dollars and kept its "Buy" rating, saying that ST Engineering said its aerospace arm had secured about 540 million Singapore dollars worth of contracts in the first quarter. This lifts the company's total orders to 1.5 billion Singapore dollars for the period.Among the top gainers, Keppel Corporation rose 1.2 percent to 11.60 Singapore dollars, while Jardine Matheson became one of the top losers by falling 0.5 percent to 51.85 US dollars. (1 U.S. dollar equals to 0.965 Australian dollars and 1.25 Singapore dollars)
SANAA, May 1 () -- A Swiss woman kidnapped by al-Qaida two months ago in Yemen asked Swiss authorities to help secure her release in an online video on Tuesday. "I work in al-Hodeida and since March 13 I have been kidnapped. I'm in the hands of al-Qaida now. I'm being treated well," she said in the short video."And I ask the Swiss embassy and the Swiss government to do what is necessary... what they can do to get me free," said the Swiss woman who was wearing the Muslim-style black headscarf.The Swiss woman, working as a language teacher, was kidnapped in March by al-Qaida in the western Red Sea city of al-Hodeida. Security sources said that she was moved to a hideout of al-Qaida in the Arabian Peninsula (AQAP) in the southeastern province of Shabwa.Beside the Swiss woman, the AQAP also kidnapped a Saudi diplomat and a French aid worker during the past two months, attempting to force the Yemeni government to release its jailed members from the Yemeni and Saudi prisons.Earlier in the day, al-Qaida militants in Shabwa attempted to kidnap a French national from an energy company led by France's Total, but failed due to resistance from the security escorts. The French expert was seriously injured and one policeman was killed.
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