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  • *Territorial spat between Japan and China may hit sales. TOKYO, Oct 12- Japan's government downgraded its view of the economy for the third straight month in October as worries about Europe's debt crisis and China's slowdown intensified, adding pressure on the central bank to offer further stimulus to support growth.

  • China must "tackle" shadow banking, particularly the short term investment vehicles known as wealth management products, Xiao Gang, the chairman of the board of Bank of China, one of the top four state-owned banks, wrote in an op-ed in the English-language China Daily on Friday.

  • Five Players Who Can Drive Us Over the ‘Fiscal Cliff’

    The U.S. needs to provide more clarity to ease fears about the “fiscal cliff’” of tax hikes and spending cuts that are due to kick in in January, Zhu Min, deputy managing director of the International Monetary Fund (IMF) said on Friday.

  • *FTSE 100 down 0.5 percent on day, 1.2 pct on week. LONDON, Oct 12- Britain's FTSE 100 fell on Friday, dented by corporate earnings concerns after a second profit warning in a week from the engineering sector and by more weak data from mega metals consumer China.

  • *Q2 GDP revised to show q/q growth* Analysts warn Singapore could face further inflows. SINGAPORE, Oct 12- Singapore defied forecasts on Friday by keeping monetary policy tight and allowing the local dollar to appreciate at its current pace, bucking the regional trend as it warned of persistent inflationary pressures in a slowing economy.

  • Oct 12- Two vice presidents at Caterpillar Inc. The retirements of four senior executives at nearly the same time, as well as the shuffling of five other executives to different positions, come less than a month after Chief Executive Doug Oberhelman cut Caterpillar's 2015 earnings forecast, citing slumping demand and rising commodity prices.

  • SINGAPORE, Oct 12- Stephen Branton-Speak, the head of metals trading at Goldman Sachs, is set to retire after 15 years and after playing a key role in steering the 1.4 billion pound sale of the London Metal Exchange, sources told Reuters on Friday.

  • The governor of Lombardy refused to resign over a widening graft scandal on Thursday but said he would appoint a new government for Italy's wealthiest and most populous region, adding to political disarray six months from general elections.

  • TOKYO-- Sacrificing growth for the sake of austerity could put the entire world economy in jeopardy, the head of the International Monetary Fund told global financial leaders Friday, calling for medium-term work to bring down debt levels and urgent action to get the unemployed back to work.

  • *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.

  • WASHINGTON, Oct 11- The U.S. military could act pre-emptively if it detects an imminent threat of cyber attack, U.S. Defense Secretary Leon Panetta said on Thursday, urging stronger action to bolster America's defenses against such plots. He said a presidential executive order was being considered "while we wait for Congress to act."

  • Swan: Australia's Economic Fundamentals 'Rock Solid'

    Wayne Swan, Deputy Prime Minister & Treasurer of Australia says that recent indicators reflect Australia's strong economic fundamentals.

  • BEIJING, Oct 12- Volkswagen AG and its China joint ventures sold 18.3 percent more vehicles in mainland China and Hong Kong in the first three quarters, the German automaker said on Friday. Sales came to nearly 2 million vehicles during the nine-month period, compared with 1.69 million a year earlier, it said in a statement.

  • SEOUL, Oct 12- Seoul shares ticked up on Friday morning on signs of improving conditions in the U.S. job market and signs of some progress toward a resolution of the euro zone's debt troubles. This was in line with regional peers, with the index of Asia Pacific shares outside Japan up 0.4 percent.

  • *Europe wants more focus on U.S. fiscal woes* Germany: Europe is not the source of all problems* Mixed reviews on IMF call for slower budget cuts. TOKYO, Oct 12- Greece, Spain and the euro zone's slow progress toward debt reform took centre stage at IMF meetings on Friday despite Europe's best effort to remove itself from the spotlight.

  • Zhu Min, deputy managing director of the International Monetary Fund (IMF)

    The U.S. needs to provide more clarity to ease fears about the “fiscal cliff’” of tax hikes and spending cuts that are due to kick in in January, Zhu Min, deputy managing director of the International Monetary Fund (IMF) said on Friday.

  • HONG KONG, Oct 12- These are some of the leading stories in Hong Kong newspapers on Friday. --Bursa Malaysia, the operator of the Southeast Asian country's stock exchange, plans to list the world's first retail Islamic exchange-traded bond in Malaysia in December, which may lead to a listing in Hong Kong if there is demand.

  • BEIJING, Oct 12- Vehicle sales in China fell 1.8 percent in September from a year earlier as Japanese automakers' sales collapsed. Industry-wide sales in China, including passenger cars and commercial vehicles, totalled 1.62 million vehicles in September, compared with 1.65 million a year ago, according to the China Association of Automobile Manufacturers.---------------------------------------------------------------.

  • SHANGHAI, Oct 12- Chinese newspapers available in Beijing and Shanghai carried the following stories on Friday. --China is expected to control the rise in national coal production to 4 percent or less, said Wu Yin, deputy commissioner of the National Energy Administration.

  • *Territorial spat between Japan and China may hit sales. TOKYO, Oct 12- Japan's government downgraded its view of the economy for the third month in October as worries about Europe's debt crisis and China's slowdown intensified, adding risk to the growth outlook.