Asia Top News and Analysis China

More

  • *S&P/ASX 200 index fell 7 points to 4,483.5* Lynas Corp Ltd. plunges 15 pct on Malaysia delay. Shares pulled back from 14- month highs on Wednesday after the IMF cut its growth forecast for China, Australia's biggest export market.

  • *Car parts maker Tokai Rika sags after Toyota recall. *KDDI climbs after J.P. Morgan lifts price target. TOKYO, Oct 11- Japan's Nikkei share average fell to its lowest close in more than two months on Thursday on mounting fears that upcoming corporate earnings will be weak after the U.S. results season got off to a slow start.

  • DIARY For South Africa corporate diary, click on For southern and South Africa diary, click on ECONOMIC EVENTS. Asian shares tracked Wall Street lower on Thursday as weak forecasts from U.S. corporate bellwethers underscored concern over global demand, particularly from China, and kept oil and other commodity prices under pressure.

  • Big Stimulus From China? Not Until Growth Drops Below 7%

    China’s economy, forecast to grow this year at 7.5 percent—the slowest annual pace since 1999—may need more aggressive stimulus to prevent a steeper slide, but the state has so far resisted calls to step in in a big way.

  • LONDON, Oct 10- Tom Enders was flying high six weeks ago; newly elevated to the top job at Europe's EADS, his secret merger deal to create the world's biggest aerospace group and rid himself of burdensome government meddling was preparing for launch.

  • *Set to rival Hong Kong and Taiwan* Yuan deposit-pool sets Singapore ahead of other centres By Kevin Lim and Michelle Chen.

  • *Britain's FTSE 100 index is seen opening down 6 to 18 points, or as much as 0.3 percent on Thursday, according to financial bookmakers. *The expected fourth day of weakness on the UK index- which would be its longest down run since May- follows on overnight from selloffs on Wall Street, where the S&P 500 closed down 0.6 percent, and in Asia.

  • *Plant delay seen depleting Lynas cash reserve. By Sonali Paul MELBOURNE, Oct 11- Shares in Lynas Corp Ltd. Lynas received the temporary operating licence in September for the rare earths plant, the biggest outside China.

  • LONDON, Oct 11- European equities were set to fall for a fourth straight session on Thursday, mirroring losses on Wall Street and in Asia, with concerns about weaker corporate earnings and global growth seen pushing shares towards one-month lows.

  • TOKYO, Oct 11- Toyota Motor Corp has "high hurdles" to achieving its Lexus luxury brand's 2012 global sales target of 500,000 vehicles after sales of Japanese car brands plummeted in China, a company executive said on Thursday.

  • TAIPEI, Oct 11- Taiwan stocks ended 1.85 percent lower on Thursday, underperforming other regional bourses and pulled down by heavyweights HTC. TSMC shed 1.84 percent, while Hon Hai tumbled 3.7 percent, though both reported rises in September sales. The Taiwan dollar was up by T $0.101 to trade at T $29.298.

  • Oct 11- Discovery Metals Ltd:. *Directors have advised representatives of CFC and CAD Fund that proposed. *Says met with representatives from Cathay Fortune Corp and China- Africa.

  • NAIROBI, Oct 11- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. KENYA- Central Bank of Kenya to auction 91- day Treasury bills. MAURITIUS- Bank of Mauritius to auction 182- day Treasury bills worth a.

  • *Turkey, Syria fighting continues; Mideast tension supports oil. November Brent crude rose 52 cents to $114.85 a barrel by 0501 GMT after a volatile session on Wednesday that saw the contract rising to $115.59, its highest since Sept. 17, before settling down slightly.

  • MELBOURNE, Oct 11- Australian shares fell 0.2 percent on Thursday, weighed by weakness in miners but paring steeper earlier losses after data showed a jump in jobs in September. Lynas Corp Ltd plunged 15 percent as it faced another delay in opening its rare earths plant in Malaysia.

  • Germany's Siemens may outline job cuts and office closures on Thursday to stop profits sliding as customers put off ordering engineering equipment because of Europe's economic crisis.

  • The yield on Turkey's two-year benchmark bond. Turkey's main share index closed 0.56 percent up at 68,457 points, outperforming a 0.33 percent fall in the emerging markets index.

  • HONG KONG, Oct 11- Hong Kong shares rose on Thursday helped by Chinese banks and infrastructure plays on expectations of more government support, although mainland markets eased following strong gains earlier this week. The Hang Seng rose 0.2 percent by the midday trading break with the index of top Hong Kong- listed mainland firms.

  • Chinese Telecom Firm Finds Warmer Welcome in Europe

    A month ago, as a United States Congressional committee prepared to warn American telecommunications networks against doing business with two Chinese suppliers, the founder of one of those companies, Huawei, posed for photos with Prime Minister David Cameron of Britain in front of the fireplace at 10 Downing Street in London. The New York Times reports.

  • By Josephine Mason and Susan Thomas. NEW YORK/ LONDON, Oct 11- The London Metal Exchange may add morning rounds of open-outcry trading for its unique futures contracts, senior trade sources say, as the new Hong Kong- based owners plot their first major move to hold off intense competition from their Shanghai rival.