Singapore - Singapore shares drop

Beijing - State-run China Central Television, the country's main national broadcaster, has suspended its live coverage of the Chinese Super League after the latest in a series of scandals to hit the ailing league, reports said on Tuesday.

A mass brawl at the end of last Wednesday's match between Beijing Guo'an and Tianjin Kangshifu was apparently the final straw for CCTV.

"The present situation of Chinese football has hurt everybody," Jiang Heping, the controller of sports channel CCTV-5, told the popular Titan Sports newspaper.

Jiang said CCTV made the decision to drop coverage to be "responsible to the country and to people."

Tokyo - Mazda Motor Corp plans to buy back a 20-per-cent stake from Ford Motor Co during Wednesday trading at the Tokyo Stock Exchange, the Japanese automaker said Tuesday.

With Mazda's buyback, Ford's stake would reduce to 13 per cent from the current 33.4 per cent in order to raise funds by selling Mazda shares.

Mazda was expected to purchase 96.8 million shares for 184 yen per share, worth a total of about 17.9 billion yen (185.18 million dollars), the company said.

But the two companies would continue their 30-year business partnership while keeping their joint ventures, Mazda said.

Rate rallies off technical support on G-20 news; potential short-squeeze with more likely coming. Cross spreaders continue to hold interest near-term; profit-taking likely to result in a squeeze on the further strength. Rate rejecting trade inside previous wick is a sign of bid pressure taking the lows; likely some spillover from EURO.

Thin conditions continue to exacerbate moves. Some stops noted on the break back over the 1.4850 area and the rate continues two-way on the move. Technical trade overnight as traders decide near-term action with little to go on but the charts. Resistance now at the 1.5000 area likely to cap near-term. BOE rate cut next month increasingly likely but that is likely completely factored in at this point.