AIG sold a chunk of its stake in China's PICC for $1.25 billion, joining other big financial companies in stepping away from holdings on the mainland. » Read More
TAIPEI, Oct 11- Taiwan stocks fell 1.28 percent on Thursday, underperforming regional bourses, with computer makers. The Taiwan market was closed on Wednesday for a holiday. The Taiwan dollar was up by T $0.053 to trade at T $29.346.
TOKYO, Oct 11- The IMF prodded the world's rich countries for swifter action on Thursday as Europe's debt crisis drags on while the United States and Japan show scant progress handling their budget deficits.
*BOJ board agreed recovery delayed "considerably"- minutes. TOKYO, Oct 11- Signs of considerable delay in Japan's economic recovery and weakening prices drove Bank of Japan policymakers into expanding monetary stimulus last month with some suggesting buying more risk assets or seeking ways to influence currency moves, minutes of the meeting showed.
SHANGHAI, Oct 11- China's top four state-owned banks extended 166 billion yuan in new loans in September, down from 220 billion yuan the previous month, the 21st Century Business Herald reported on Thursday. China's "big four" banks are the Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Bank of China Ltd and Agricultural Bank of China Ltd.
Oct 10- Suntech Power Holdings Co Ltd:.
HONG KONG, Oct 11- Hong Kong shares are set to open flat to slightly lower on Thursday, tracking weakness on Wall Street after U.S. corporate bellwethers warned about slower global demand especially ebbing growth in China, the world's second-largest economy.
TOKYO, Oct 11- Japan's core machinery orders fell more than expected in August after two straight months of gains, a sign that Europe's debt crisis and weakening exports to China are beginning to sap corporate appetite to spend.
SE ASIA STOCKS-For risk-reward, look beyond Southeast Asian equities STOCKS TO WATCH-- FRASER AND NEAVE LTD, THAI BEVERAGE PCL.
MANILA, Oct 11- Following are some company-related and market news which could have an impact on the local market. -President Benigno is keynote speaker at the third and last day of the 38th Philippine Business Conference and Exhibition, Manila Hotel, 11:00 a.m..
TAIPEI, Oct 11- Following are news items and media reports that may affect the Taiwan stock market. >Lenovo knocks HP off top of global PC market. >Microsoft CEO sees company being more like Apple.
Kelvin Tay, Regional CIO, Southern APAC, UBS Wealth Management explains why he thinks Japan is on the losing end of its dispute with China, especially if the conflict is not resolved expeditiously.
Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market.
*Plant delay seen depleting Lynas cash reserve. 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.
By Tom Hals and Dan Levine. In its court filing on Wednesday, the IRS opposed Solyndra's plan. If approved by creditors, a holding company would emerge from bankruptcy with no employees or business operations- but as much as $350 million in tax breaks that could be used by Solyndra's investors, including Argonaut Ventures.
SINGAPORE, Oct 11- U.S. crude steadied above $91 a barrel on Thursday, as traders balanced escalating geopolitical risks with signs of weakening global oil demand. nudged up six cents to $91.31 a barrel in early Asia trading, after dropping more than a dollar the previous session.
-1000-1100 News briefing by Amnesty International to launch report- "Standing Their Ground- rise in forced evictions in China". The Foreign Correspondents' Club, Central. -1500 Wyndham Hotel Group, part of Wyndham Worldwide Corp.
SYDNEY, Oct 11- Australian shares fell 0.6 percent early on Thursday, following weak leads from Wall Street as U.S. equities sank on corporate warnings of slower growth, with investors waiting on local jobs data later in the morning for an update on the domestic economy.
Tony Fratto, Partner, Hamilton Place Strategies and CNBC Contributor explains why the U.S. will need to place equal weight on its relationships with China and India.
SAN FRANCISCO, Oct 10- China's Lenovo Group Ltd. to become the world's No. 1 PC maker in the third quarter, according to new data released by research house Gartner on Wednesday. A rival to Gartner, IDC, still ranks HP in the lead-- but by less than half a percentage point-- in terms of PC shipments worldwide.
MELBOURNE, Oct 11- Australian shares are likely to extend losses into a second day on Thursday after U.S. equities sank on corporate warnings of slower growth, though local price moves may be limited ahead of monthly jobs data.