Singapore Airlines Ltd

Asian stocks dropped today as markets anxiously await the release of the US employment numbers to take the economic pulse of the country. Greece’s failure to reach a deal with private bondholders, China’s poor performance of services and Japan’s downbeat earnings added to pessimism. For another week Greece and the private bondholders fail to reach an agreement over the size of the losses they are willing to accept on Greek bondholding. A deal will ensure a second bailout for the indebted nation and avoid a messy default and their incapability to agree is raising concerns. Meanwhile in Japan, after the busiest week of this earnings season the outlook for this year seems gloomy. Panasonic, Nippon Sheet Glass and Oji Paper joined Sony, Fujitsu, Sumitomo Heavy, Honda and Sharp by cutting ...