Reuters

SINGAPORE (Reuters) - A Singapore Air Force F-16 plane crashed at Tengah Air Base on Wednesday at 12:35 p.m. (0435 GMT), Singapore's defence ministry said on Wednesday.

The plane "experienced an issue during take-off and the pilot responded in accordance with emergency procedures", the ministry said in a statement. It said the pilot ejected successfully and is conscious and able to walk, and is receiving medical attention.

The ministry... (continue reading...)

HONG KONG (Reuters) - Cash-strapped China Vanke is selling a large Shenzhen land plot at a reserve price of 2.24 billion yuan ($310 million) via auction, the developer's latest move to raise funds to ease its liquidity stress.

The auction of the 19,000 square-metre block, which the state-backed property developer bought in late 2017 for 3.1 billion yuan, will start on May 18, according to a notice in the Shenzhen Public Resources Trading Center on... (continue reading...)

By Harry Robertson

LONDON (Reuters) -Investors have gone from bracing for a U.S. recession to positioning for the world's biggest economy to keep chugging along.

European growth is also better than anticipated a few months ago, a challenge for traders trying to divine how much central bankers will lower interest rates.

Here's what markets tell us about the global economy:

1/ U.S. DEJA VU

Many... (continue reading...)

MOSCOW (Reuters) - Russia has started developing a nuclear power plant for its planned joint lunar station with China, the RIA news agency cited Yuri Borisov, the head of Russia's space agency Roscosmos, as saying on Wednesday.

In March, Borisov said Moscow was considering the idea of powering the station using nuclear energy.

(Reporting by Reuters; Editing by Andrew Heavens)

JERUSALEM (Reuters) - Israel was reopening Kerem Shalom crossing on its border with the Gaza Strip on Wednesday, a statement from the Israeli agency in charge of it said, adding that aid trucks routed through from Egypt were already undergoing security inspections there.

Israel had closed Kerem Shalom crossing on Sunday after a Palestinian shelling attack nearby killed four soldiers.

(Writing by Dan Williams)