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
BEIJING, Oct 8- General Motors Co and its China joint ventures sold 244,266 v ehicles in the country in September, up 1.7 percent from a year earlier, the U.S. automaker said on Monday. For the first nine months, sales were up 10 percent to 2.08 million units, GM said in a statement. GM makes vehicles in China in partnership with FAW Group and SAIC Motor Corp.
*Underlining the uncertain outlook, the World Bank cut its growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could get worse and last longer than expected.
--Taiwan- based life insurer Nan Shan Life has a strong business franchise and a strong liquidity profile with prudent investment mix.
Oct 8- The following are the top stories in the Wall Street Journal on Monday. *Government officials negotiating terms for the proposed merger of BAE Systems and Airbus parent EADS remain deadlocked over key issues including state ownership stakes.
Lavrov speaks to the Association of European Business in Russia on EU-Russia relations in the context of Russian WTO membership and Eurasian integration processes. Crown Princess Mary of Denmark visits St. Petersburg.
WASHINGTON/ HONG KONG, Oct 8- China's top telecoms gear makers should be shut out of the U.S. market because potential Chinese state influence on them poses a security threat, the U.S. House of Representatives' Intelligence Committee said in a draft of a report to be released later on Monday.
BEIJING, Oct 8- China's major economic indicators for September will be released later than usual following a week-long holiday at the beginning of October.
*Britain's FTSE 100 index is set to open 29 to 32 points lower, or around 0.6 percent, on Monday, according to financial bookmakers. *Underlining the uncertain outlook, the World Bank cut its growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could get worse and last longer than expected.
SYDNEY, Oct 8- Australian shares fell 0.3 percent, ending seven straight sessions of gains, dragged down by resource sectors as investors worried that the coming U.S. earnings season will feature weaker results.
TAIPEI, Oct 8- Taiwan stocks ended down 0.97 percent on Monday, as investors sold LCD makers. shed 2.09 percent while LCD firm AU Optronics lost 2.34 percent. The Taiwan dollar was up by T $0.118 to trade at T $29.25.
ended slightly lower on Friday, breaking a four-session winning run, while the MSCI broad index of Asia Pacific shares outside Japan. on Tuesday, and after the World Bank cut its economic growth forecasts for the East Asia and Pacific region, warning about risks the slowdown in China could get worse and last longer than expected.
*Liquidity tightens as banks pay reserve requirements. SHANGHAI, Oct 8- Chinese money rates rebounded sharply on Monday as scheduled reserve requirement payments pressured bank liquidity as the market re-opened after a week-long break. The rise nearly wiped out the rate's 77.10 bps fall on Sept 28, the last day of trading before the week-long national holiday.
SYDNEY, Oct 8- Australian shares fell 0.3 percent on Monday, ending seven straight sessions of gains, dragged down by commodities and mining sectors as investors' attention turned to the coming U.S. earnings season amid concerns of weaker results. 3.2 percent, while Woodside Petroleum. New Zealand's benchmark NZX 50 index.
BEIJING, Oct 8- China's major economic indicators for September and quarterly GDP data will be released later than usual following a week-long holiday at the beginning of October.
WELLINGTON/ SYDNEY, Oct 8- The Australian and New Zealand dollars traded with a heavy tone near multi-week lows on Monday and looked vulnerable amid persistent concerns about the outlook for the global economy despite better-than-expected U.S. jobs data last week.
*Focus on profits, not policy in China: JPM's Mowat* Tencent, AIA pull back from record highs* ZTE shares slip after draft U.S. Congress report By Vikram Subhedar.
Benchmark crude for November delivery was down fell 37 cents to $89.51 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract closed down $1.83 to $89.88 per barrel.
*World Bank says China economic slowdown could get worse. *Turkey retaliates against Syria bombing for 5th day By Florence Tan.
MELBOURNE, Oct 8- Aquila Resources is scrambling to cut planned spending on an Australian iron ore project after cost estimates jumped a quarter to A $7.4 billion, putting the investment at risk in a sector squeezed by cooling Chinese demand.
HONG KONG Oct. 8, 2012-- Standard& Poor's Ratings Services today assigned its' BB+' rating to an upsized US $4.5 billion medium-term notes program of CITIC Pacific Ltd.. We expect CITIC Pacific to use the proceeds from the proposed notes to refinance borrowings due in 2013..