Asia Top News and Analysis China


  • DAKAR, Oct 12- Canadian Prime Minister Stephen Harper said on Friday that Canada wants a growing relationship with China, but that investments must be scrutinized from a national security perspective.

  • *Investors consolidate; $1,760/ 50 seen as support level* U.S. producer prices rise in September* China, India demand falls By Clare Hutchison.

  • SAN FRANCISCO-- IBM Corp.' s third-quarter results are expected to extend the technology company's nearly decade-long streak of earnings growth. That provides IBM with some insulation from the economic uncertainty that has made it tougher for other technology companies to close deals, particularly in Europe and in China, in recent months.

  • *Turkey- Syria tensions, lower N.Sea output support. LONDON, Oct 12- Oil fell below $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.

  • *FTSE 100 down 0.1 percent. LONDON, Oct 12- Britain's FTSE 100 eased on Friday, with a second profit warning in a week from the engineering sector underscoring concerns about the health of third quarter earnings in the face of slowing global and domestic demand. ,pushed other engineering companies to the top of the FTSE 100 fallers list.

  • Oct 12- JA Solar Holdings Co Ltd:. *Solar modules assembled in China from cells produced in third countries do. *Pv cells produced in China by co will be subject to antidumping duty of.

  • Central Huijin, a unit of China's sovereign wealth fund China Investment Corp, raised its stake in Industrial and Commercial Bank of China by about 127.6 million shares on Oct. 9 and 4.7 mln shares on Oct. 10.

  • Shares in London- listed engineering firms fill out the top FTSE350 faller list, led by Morgan Crucible, down 11 percent after the maker of carbon, ceramics and other advanced materials warns on profit.

  • SINGAPORE, Oct 12- India's diesel exports for October are expected to increase by 20 to 30 percent from previous months as domestic demand remains poor due to the delayed monsoon season and a weak economy, industry sources said on Friday.

  • *Turkey- Syria tensions, lower N.Sea output support. LONDON, Oct 12- Oil fell below $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.

  • BEIJING, Oct 12- China had started construction on 7.2 million affordable homes by the end of September, completing 97 percent of the full one-year target, the Ministry of Housing and Urban-Rural Development said.

  • The iTraxx series 17 index has pulled in 3 bp to 127 bp/129bp in a measure of the overall upbeat market sentiment which has allowed eight new issues to print this week from Asia.

  • LONDON, Oct 12- Turkish stocks extended gains on Friday as investors welcomed strong balance of payments data and the government's tough stance on Syria, while the forint rose after Hungary's leader talked up prospects of an IMF deal.

  • TOKYO, Oct 12- China's yuan currency is near equilibrium and the central bank has dramatically reduced foreign exchange market intervention, the deputy governor of the People's Bank of China said on Friday. "I am glad to report to you that the renminbi exchange rate is very close to its equilibrium level," Yi Gang said at a conference in Tokyo.

  • *Sands China leads gains in Macau gaming sector By Clement Tan. HONG KONG, Oct 12- Hong Kong shares closed at their highest since May 3, after a sixth-straight weekly gain aided by strength in the Chinese banking sector due to expectation of more government moves to jack up China's growth rate.

  • Weekly applications for unemployment aid fell to their lowest since February 2008, the U.S. government said Thursday. "I think you need to wait for a few months to see more figures to confirm the jobs recovery in the U.S.," said Francis Lun, managing director of Lyncean Holdings in Hong Kong. Britain's FTSE 10 dropped 0.2 percent to 5,815.68.

  • *Cars to be priced between 5,000- 10,000 euros- sources. BERLIN, Oct 12- German carmaker Volkswagen. Europe's biggest carmaker is eyeing a price range of between 5,000 and 10,000 euros for the budget cars which may include a van, estate and a small sedan, the sources said, confirming a report in German business daily Handelsblatt.

  • The U.S. Case Against Huawei

    Jake Saunders, VP for Forecasting, ABI Research and Steve Vickers, CEO, Steve Vickers & Associates discuss the U.S. lawmakers' case against Huawei and ZTE. Saunders says that there hasn't been substance behind the accusations. Vickers agrees, saying that the U.S. report was not the best book to get the full document.

  • Oct 12-=============================================================================== Summary analysis-- Baosteel Group Corp.-------------------------- 12- Oct-2012=============================================================================== CREDIT RATING: A-/Stable/-- Country: China Primary SIC: Steel investment foundries=============================================================================== Credit Rating History: Local currency Foreign currency 11- Oct-2012 A-/-- A-/-- 20- Nov-2011 A/-- A/-- 23- Aug-2009 NR/-- NR/--=============================================================================== Rationale.

  • BRUSSELS, Oct 12- Output at euro zone factories grew much more than expected in August, helped by summer demand for food and French car production, but industry's apparent resilience is unlikely to be enough to avoid a recession in the indebted region this year.