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Publish date: Wed, 04 Jan 2012, 02:32 PM
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Daily Updates - Singapore 
Singapore: STI slightly higher at noon
US: Wall St ends first day of 2012 with gains

Market Prices in China fell in December
China's home prices fell for a fourth month in December as the government prolonged a crackdown on speculation that risks deepening the slowdown in the world's second-biggest economy.
'China's economy is still on a downtrend and the next reserve ratio cut may come as early as this week,' said Kevin Lai, a Hong Kong-based economist at Daiwa Capital Markets. 'More liquidity is needed in running up to the Chinese New Year holiday and to provide funds for companies that may face more difficulties in coming months."

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SMRT Commissions Internal Investigation Team On NSL Service Disruptions
SMRT has commissioned an internal investigation team to look into the train service disruptions on the North-South Line (NSL). On 15 and 17 December, train service of the NSL was interrupted for five and seven hours respectively, affecting more than 100,000 commuters. Ong Ye Kung, an independent director of SMRT and the deputy secretary-general of NTUC, will be leading the team that includes outside expertise. Findings and recommendations will be presented to the group's board, as well as to the Land Transport Authority and the committee of inquiry set up by the Ministry of Transport.

Forex Report
The dollar wobbled on Tuesday, losing ground against most major rivals as global stocks rallied on optimism for 2012.
After spending much of last year embroiled in a sovereign debt crisis, Europe has been relatively quiet since the European Central Bank announced a massive liquidity program in December.

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