S'pore GDP likely slowed in Q2:

Singapore GDP likely slowed in second quarter of 2012 and possibly contraction amid lacklustre performance by manufacturers and weakness in the financial sector.!

Japan: Stocks close 1.37% lower:

Tokyo stocks lost 1.37 per cent by the close on Monday, after Wall Street tumbled on weak US jobs data and the IMF warned over the state of the global economy while a strong yen also weighed. The Nikkei 225 index at the Tokyo Stock Exchange gave up 123.87 points to 8,896.88 while the broader Topix index of all first-section issues was down 1.02 per cent, or 7.90 points, to 763.93.

M'sia: Shares flat at midday:

Malaysian shares prices were flat at the midday break on Monday with the FTSE-Bursa Malaysia Kuala Lumpur Composite Index down 0.71 of a point at 1,619.84.

CapitaLand to buy property from Ascott Residence for S$359 mln:-

Southeast Asia's largest developer CapitaLand Ltd said on Monday it will buy a property in Singapore for S$359 million (US$282 million) from associate Ascott Residence Trust. CapitaLand will also sell Ascott Raffles Place Singapore and Ascott Guangzhou to Ascott Residence for S$283.3 million.

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