Rescuers pulled more survivors from a collapsed apartment tower in Taiwan on Sunday and kept searching for people, a day after a strong earthquake.» Read More
Andrew Swan, Head of Asian Equities at BlackRock, says as the China-Japan row over an island dispute simmers, Southeast Asian economies will stand to gain with Japanese investments flowing into the region.
MELBOURNE, Oct 3- Australian shares hit a 14 month-high on Wednesday as banks and broader stocks surged after the central bank cut interest rates and the local dollar weakened, enhancing export earnings. Top banks were all higher, led by National Australia Bank. "People are rethinking everything," said Macquarie Equities division director Lucinda Chan.
GLOBAL MARKETS-US stocks flat, euro up as Spain bailout in focus. >Wall St slips on Spain, earnings worries. >Euro hampered by Spain; AUD bruised by rate cut.
BEIJING, Oct 3- China's normally robust services sector weakened sharply in September, as slow growth in manufacturing finally began to feed through to the rest of the economy, an official survey showed on Wednesday.
The ADB said growth in developing Asia, which includes giant emerging economies such as India, China and Indonesia, will slow to 6.1 percent this year from 7.2 percent last year and only partly rebound to 6.7 percent in 2013. It had previously forecast growth of 6.9 percent for 2012 and 7.3 percent for 2013. The forecasts don't include Japan, an advanced economy.
MANILA, Oct 3- The Asian Development Bank cut most of its 2012 and 2013 growth estimates for developing Asia on Wednesday as a slump in global demand weighs on the region's powerhouses China and India and on its export-dependent economies.
MANILA, Oct 3- The Asian Development Bank released its revised 2012 outlook for 45 economies in developing Asia, which spans the Pacific to Central Asia. Central Asia: Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, Uzbekistan. South Asia: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka.
*Fast Retailing strong, sales to reach 1 trln-Nikkei. TOKYO, Oct 3- Japan's Nikkei share average was little changed in early Wednesday trade as gains for index heavyweights such as Fast Retailing Co.
HONG KONG, Oct 3- Hong Kong shares were set to start higher on Wednesday as they reopened after a holiday weekend, with shares of insurer AIA providing the biggest boost to the benchmark. The China Enterprises index of top locally listed mainland firms was also indicated to open up 0.5 percent. Keywords: MARKETS HONGKONG CHINA STOCKS/ URGENT.
BEIJING, Oct 3- China's official purchasing managers' index for the services sector fell to 53.7 i n September from 56.3 in August, weighed by lackluster new orders, a survey from the National Bureau of Statistics showed on Wednesday.
A small Chinese firm has sued President Barack Obama for squashing its bid to build wind farms close to a naval training site, but experts say the suit is long shot for a firm that greatly underestimated U.S. suspicions about Chinese intentions.
TAIPEI, Oct 3- Taiwan stocks rose 0.11 percent on Wednesday, with LCD makers. AU Optronics advanced 1.41 percent, after a media report that it has received 50 percent more orders for Apple's iPad Mini after improving a light leakage problem. The Taiwan dollar was up by T $0.065 to trade at T $29.32.
HONG KONG-- Police arrested seven crew members from two boats that collided in Hong Kong waters, killing 38 holiday revelers, but offered no explanation about how the vessels ran into each other on a clear night in one of the safest and most regulated waterways in Asia.
HONG KONG, Oct 3- Hong Kong shares are set to open flat to slightly lower after a long weekend as uncertainty over the timing of Spain's request for a bailout and worries about the global economy keep investors on the sidelines.
*China, South Korea on holidays. TOKYO, Oct 3- The dollar firmed and most riskier assets edged lower on Wednesday as uncertainty over the timing of Spain's request for an international bailout added to worries about slowing global growth. The MSCI index of Asia-Pacific shares outside Japan.
GLOBAL MARKETS--US stocks flat, euro up as Spain bailout in focus. -San Miguel Brewery Inc to list 2017 Series D bonds for trading on the Philippine Dealing& Exchange Corp platform. -Ninth meeting of the Asia-Pacific Tax Forum, Makati Shangri-La Hotel, Makati City.
Ralls Corp, which is owned by two Chinese nationals, was installing wind turbines close to the training site in Oregon, which, according to the facility's web site, is used to test unmanned drones- a highly sensitive and prized U.S. technology. Ralls Corp has until Dec. 27 to comply.
TAIPEI, Oct 3- Following are news items and media reports that may affect the Taiwan stock market. REUTERS HEADLINES> Google withdraws patent complaint against Apple. and Hon Hai in 2013.-- AU Optronics.
MELBOURNE, Oct 3- Australian shares rose 0.3 percent to a fresh five-month high on Wednesday, lifted by gains in top banks even as miners lost ground. was up 12 points at 4,444.7 by 0017 GMT, its highest since May 1. ()DIARIES& DATA: IPO diary& data Asia earnings diary U.S. earnings diary European diary Australia diary Wall Street Week Ahead Eurostocks Week Ahead.
SINGAPORE, Oct 3- U.S. crude slipped below $92 a barrel on Wednesday, pressured by worries of slowing economic growth in the main consumer nations, while the festering euro zone debt crisis added to uncertainty. was down 24 cents at $91.65 a barrel by 0009 GMT, after settling down 59 cents at $91.89 on Tuesday.