The U.S. is not facing another financial crisis and the market's overreaction could be a value opportunity, hedge fund manager John Paulson says.» Read More
*September new yuan loans total 623.2 billion yuan (f'cast 650 billion yuan. BEIJING, Oct 12- Chinese banks made 623.2 billion yuan of new local currency loans in September, data showed Friday, missing market expectations for 650 billion yuan and reinforcing calls for further policy easing to support the slowing economy.
BEIJING, Oct 12- China's total social financing aggregate, a broad measure of liquidity in the economy, stood at 1.65 trillion yuan in September, up from 1.24 trillion yuan in August, the People's Bank of China said on Friday.
HONG KONG, Oct 12- Hong Kong shares finished at a five-month high on Friday, posting a sixth-straight weekly rise on expectations of more government measures to shore up the world's second-largest economy. The China Enterprises Index of the top Chinese listings in Hong Kong rose 1.1 percent and 3.8 percent for the week at 10,345.3.
BEIJING, Oct 12- Chinese banks made 623.2 billion yuan worth of new loans in September, the People's Bank of China said on Friday, slightly lower than market expectations for 650 billion yuan. --New bank lending in September at 623.2 billion yuan.
BEIJING, Oct 12- Chinese banks made 623.2 billion yuan worth of new loans in September, the People's Bank of China said on Friday, slightly lower than market expectations for 650 billion yuan. --New bank lending in September at 623.2 billion yuan. SHEN JIANGAUNG, CHIEF ECONOMIST, MIZUHO SECURITIES IN HONG KONG:.
BEIJING, Oct 12- Chinese banks made 623.2 billion yuan worth of new loans in September, the People's Bank of China said on Friday, slightly lower than market expectations for 650 billion yuan. SUN JUNWEI, CHINA ECONOMIST, HSBC IN BEIJING:. STEPHEN SCHWARTZ, ASIA CHIEF ECONOMIST, BBVA IN HONG KONG:.
The Shanghai Composite has gained about 5 percent since late September, just as other major stock markets have ceded recent gains, leading to some hope that the fortunes of China’s battered stock market may be finally turning.
BEIJING, Oct 12- Chinese banks extended 623.2 billion yuan of new local-currency loans in September, the central bank said on Friday, missing market expectations for 650 billion yuan.
SINGAPORE, Oct 12- Spot iron ore prices in top importer China steadied on Friday after a rally earlier this week spurred caution among buyers Who are worried demand in the world's top steel consumer might not rebound significantly.
Just hours later, Defense Secretary Leon Panetta said the cyberthreat from Iran has grown, and he declared that the Pentagon is prepared to take action if American is threatened by a computer-based assault.
*FTSE 100 down 0.1 percent after gains Thursday. Morgan Crucible shares dropped 12.3 percent, topping the FTSE 250. In response, Oriel Securities downgraded its rating for Morgan Crucible to "hold" from "buy".
SHANGHAI, March 29- Apple Inc's Tim Cook, on his first trip to China as the chief executive officer, has visited an iPhone production plant run by the Foxconn Technology Group, which is being accused of improper labour practices.
Oct 12- Mainland Chinese shares ended slightly up in choppy Friday trade ahead of a tranche of fresh China data over the weekend, with strength in the banking sector outweighing weakness in property and resource-related sectors. Beijing is due to post September trade data on Saturday and inflation on Monday.
*Turkey- Syria tensions, lower N.Sea output support. SINGAPORE, Oct 12- Brent crude held above $115 a barrel on Friday, trading near four-week highs and on course for its biggest weekly gain in two months, supported by tensions between Turkey and Syria, lower output at North Sea oilfields and upbeat U.S. data.
*Britain's FTSE 100 index is seen opening down 15 to 18 points, or 0.3 percent on Friday, according to financial bookmakers, retreating after a strong rise in the previous session after Wall Street pared its gains to end flat and Asian markets fell overnight. *Banks will be in focus as JPMorgan Chase& Co. and Wells Fargo.
SINGAPORE, October 12 Fitch Ratings says Malaysia- based IOI Corporation Berhad's proposal to undertake a mixed-use property development venture in Xiamen, China through its 99.8% subsidiary, Palmy Max Ltd, will not impact its credit rating.
CANBERRA, Oct 12- Australian shares edged up 0.1 percent on Friday as gains in index-heavy mining stocks helped break a two-day run of losses, but the market still ended slightly down on the week. gained 0.9 percent to A $33.54 and major rival Rio Tinto Ltd rose 1.8 percent to A $56.40, helped by a rebound in iron ore prices.
NEW DELHI, Oct 12- India's annual consumer price inflation. India's retail inflation is the highest among the BRICS group of emerging economies- Brazil, Russia, China, and South Africa- and is way above what the Reserve Bank of India calls its comfort level.
HONG KONG, Oct 12- China's top two shipping giants, China COSCO and China Shipping, will join forces in a move that is a first for the domestic coastal container shipping industry and which is aimed at weathering a severe market downturn.
NEW DELHI, Oct 12- India's annual consumer price inflation fell in September to 9.73 percent, driven by a marginal fall in fuel and food prices, government data showed on Friday.