STOCKS TO WATCH> The Indonesian Food and Beverage Association sees sales in 2013 will reach 760 trillion rupiah, up 6.5-7 percent from this year forecast of 710 trillion rupiah, said chairman Franky Sibarani.> Home appliance retailer PT Ace Hardware Tbk.
CANBERRA, Oct 2- Australian iron ore magnate Andrew Forrest and Fortescue Metals Group Ltd won a High Court appeal to overturn a conviction for misleading investors, allowing the billionaire to return as an executive director to the company he founded.
SYDNEY/ WELLINGTON, Oct 2- The Australian dollar languished near three-week lows on Tuesday as investors waited to see if the Reserve Bank of Australia would bite the bullet and cut interest rates at its monthly policy meeting.
BANGKOK, Oct 2- Following are some company-related and market news which could have an impact on the local market. SE ASIA STOCKS-Most weak in light volume, Malaysia outperforms. STOCKS TO WATCH-- SANSIRI PCL.
South Korea's Kospi rose nearly 0.3 percent to 2,001.41 and Australia's S&P/ASX 200 gained 0.6 percent to 4,413.80. Benchmarks in Singapore, Taiwan and Malaysia also rose. The better news on manufacturing helped investors set aside concerns of a possible downgrade by credit rating agency Moody's of Spain's debt rating to junk status.
MELBOURNE, Oct 2- Australian shares advanced 0.5 percent on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.
SINGAPORE, Oct 2- U.S. crude eased closer to $92 a barrel on Tuesday, as concerns over the pace of economic recovery in the United States and the possibility of a recession in Europe weighed on investors. was down 14 cents at $92.34 a barrel by 2338 GMT, after settling up 29 cents at $92.48 on Monday.
TAIPEI, Oct 2- Taiwan stocks rose 0.36 percent on Tuesday, joining other Asian bourses in gains after an unexpected expansion in U.S. factory activity buoyed sentiment, with defensive plays such as transport. The Taiwan dollar was up by T $0.083 to trade at T $29.319. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........
CANBERRA, Oct 2- Australian iron ore magnate Andrew Forrest and his Fortescue Metals Group have won a High Court challenge over a conviction for misleading investors, opening the way for Forrest to return as an executive director of the company he founded.
SYDNEY Oct. 2, 2012-- Western Australia recorded the nation's highest level of arrears in the second quarter, ended June 30, 2012, according to a report by Standard& Poor's Ratings Services.
*MSCI Asia ex- Japan steady, Nikkei opens up 0.3 pct. Markets in China, Hong Kong and India are closed for holidays on Tuesday. The MSCI index of Asia-Pacific shares outside Japan.
CANBERRA, Oct 2- Australian iron ore magnate Andrew Forrest and his Fortescue Metals Group on Tuesday won a High Court appeal over a conviction for misleading investors, opening the way for Forrest to return as an executive director of the company he founded.
SE ASIA STOCKS-Most weak in light volume, Malaysia outperforms STOCKS TO WATCH-- SINGAPORE AIRLINES LTD, TIGER AIRWAYS HOLDINGS LTD. -Singapore Airlines' budget unit, Scoot, and Tiger Airways have signed a partnership agreement and will offer some joint itineraries.
TAIPEI, Oct 2- Following are news items and media reports that may affect the Taiwan stock market. REUTERS HEADLINES> Nokia sells mapping services to Oracle. >3 M, Honeywell step up deals amid econ uncertainty.
MELBOURNE, Oct 2- Australian shares opened 0.3 percent higher on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.
-Citigroup holds roundtable discussion on the impact of the QE3 on Asian policy makers, with Citi Asia Pacific Chief Economist Johanna Chua, Makati Shangri-La Hotel, 10:00 a.m.. STOCKS TO WATCH- JG SUMMIT HOLDINGS.
MELBOURNE Oct. 2, 2012-- Standard& Poor's Ratings Services said today that it has raised its issue credit rating on Kiwi Capital Securities Ltd.' s NZ $150 million, floating-rate, perpetual callable non-cumulative preference shares to' BBB-', reflecting a correction in our application of our "Bank Hybrid Capital Methodology And Assumptions" criteria, published Nov. 1, 2011.
SYDNEY, October 02 Fitch Ratings says there will be no rating impact on Australian bank hybrid capital instruments from the Australian Prudential Regulation Authority's decision to remove the requirement for it to approve coupon payments that exceed after-tax earnings.
Oct 2- Qantas Airways Ltd:. *Qantas Group- freight joint ventures with Australia post. *Says agreement to sell its 50 per cent stake in startrack to Australia post.
WELLINGTON, Oct 2- The owners of a ship which smashed into a reef off a popular New Zealand holiday spot causing the country's worst environmental disaster in decades have reached a multi-million dollar settlement with authorities, the government said on Tuesday.