North Korea's launch is a humiliation for China, but there are no signs that Beijing will change course, The New York Times writes.» Read More
WASHINGTON-- The Obama administration is delaying a decision that had been due Monday on whether China is manipulating its currency to gain trade advantages. GOP challenger Mitt Romney has attacked the administration for not targeting China for unfair trade practices.
*Turkey- Syria tensions, lower N. Sea output support. Expectations of a looser market weighed on prices after a report by the International Energy Agency's forecast higher supplies and declining oil consumption after concerns about North Sea oil supplies and Middle East tensions supported Brent for most of the week.
*USDA report most bearish since 1970 s- Knight Futures. NEW YORK, Oct 12- Cotton futures in New York were higher on Friday tentatively recovering some ground lost on Thursday when the U.S. government published what some traders said was the bleakest crop report in decades.
They fault President Barack Obama and his Environmental Protection Agency for new clean air rules they deride as a devastating blow to a multibillion-dollar industry that has been the lifeblood of Appalachia for generations.
DETROIT, Oct 12- Toyota Motor Co's 2013 Lexus ES and GS models have an emergency trunk lever that snaps off easily and may trap someone inside, Consumer Reports magazine said on Friday. Consumer Reports showed the problem to engineers from Toyota, who were visiting the magazine for other reasons last week, said Toyota spokesman John Hanson. "
GENEVA, Oct 12- West African crude oil differentials were assessed slightly lower on Friday as traders reported slow sales for the remaining November cargoes due partly to Chinese refinery outages.
DETROIT, Oct 12- Toyota Motor Co's 2013 Lexus ES and GS models have an emergency trunk lever that snaps off easily and may trap someone inside, Consumer Reports magazine said on Friday. Consumer Reports notified both Lexus and the National Highway Traffic Safety Administration.
*Turkey- Syria tensions, lower N. Sea output support. The International Energy Agency's prediction of a further decline in oil consumption and higher supplies weighed on oil prices that have received support from slowed North Sea production and fears of potential supply disruptions from the Middle East.
The Australian dollar has been weak, but this strategist thinks the tide is turning
LONDON, Oct 12- Bosideng International Holdings, China's largest maker and distributor of down clothing, is eyeing store openings in Milan and New York if its first overseas venture in London proves a hit with the British capital's shoppers.
*Turkey- Syria tensions, lower N. Sea output support. Brent and U.S. crude remained on track to post weekly gains of around 2 percent, as the turmoil in the Middle East, especially in Syria, continues to intensify.
Oct 12- China has been unable to sustain its growth momentum in the year of the dragon, leading Standard& Poor's economists to lower their growth expectations for the country, according to a Global Fixed Income Research report titled "Emerging Markets Credit Metrics: Rating Trends In China Turn Negative."
BRUSSELS, Oct 12- China has expressed concerns about a potential EU investigation of telecom equipment makers Huawei and ZTE Corp over illegal subsidies, a European Commission official said on Friday.
By Maya Dyakina and Zlata Garasyuta. MOSCOW, Oct 12- Russian stocks ended the week in the red with miners pressured by concerns over the global economic outlook and as investors stocked up with cash ahead of public share offerings. Metal and mining companies were in the firing line, with Novolipetsk Steel.
is looking for Chinese partners to build a smelter in Siberia with a design capacity of 800,000 tonnes per year.
--U.S. river cruise operator Viking Cruises Ltd. plans to issue $250 million in senior notes. On Oct. 9, 2012, Standard& Poor's Ratings Services assigned Woodland Hills, Calif.- based river cruise operator Viking Cruises Ltd. its' B+' corporate credit rating.
HONG KONG, Oct 12- China's state-owned insurer PICC Group is tentatively looking to start pre-marketing its proposed up to $3 billion Hong Kong initial public offering in mid-November, IFR reported on Friday citing sources. PICC is planning to raise as much as $6 billion through a dual listing in Hong Kong and Shanghai, sources previously told Reuters.
LONDON, Oct 12- Oil fell towards $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.
*Harper says wants growing relationship with China. DAKAR, Oct 12- Canadian Prime Minister Stephen Harper said on Friday that his country wants a growing relationship with China, but that its investments must be scrutinized from a national security perspective.
MOSCOW, Oct 12- Russia's aluminium giant RUSAL. said on Friday it mulls a tie-up with unnamed Chinese partners to build an aluminium smelter in Siberia. The statement did not say when the smelter could be built.