Asia Top News and Analysis China

  • *Brent oil falls below $109/ bbl, East Coast refineries wind down. Activity across all markets was expected to be thin as the Category 1 Hurricane Sandy neared landfall along the mid-Atlantic states of the United States, forcing shops, offices and share markets in New York to close.

  • WASHINGTON- With one week left in the tight battle for the White House, it's all about the vital swing state of Ohio. Unless it's about Colorado- or Iowa, or tiny New Hampshire.

  • *Yuan hits record strong point before weakening. SHANGHAI, Oct 29- The yuan hit another record high on Monday, but then slipped back as traders said pressure on the Chinese currency eased from levels seen late last week. ``Everyone has cooled off a little,'' said a trader at a commercial bank in Shanghai after the morning session during which the new high was hit.

  • The Reuters business schedule runs at the following times: 0230,0630 GMT- Mathew Veedon +65 6870-3827 0830,1230 GMT- Malcolm Davidson +44 20 7542 6958 1530,1930 GMT- Franklin Paul, Chris Kaufman +1 646 223 6200.

  • *Exec hopes China output back to normal in Feb. TOKYO, Oct 29- Honda Motor Co cut its full-year net profit forecast by a fifth after sales in China were hit by a popular backlash against Japanese goods, and warned it could be February before business in the world's biggest autos market returns to normal.

  • *Hong Kong developers slump on fears curbs will crimp sales. *Hong Kong turnover lowest in almost two weeks, Shanghai weak too. HONG KONG, Oct 29- Hong Kong shares edged lower on Monday, as local developers tumbled on fears that new measures to cool soaring property prices will sap demand, but broader losses were limited by earnings-driven strength in Chinese banks.

  • Greece Riskier Investment Than Libya, Syria: CFO Survey

    Despite huge efforts to keep the euro zone afloat, business leaders now believe that some of the region’s most troubled countries are riskier places to invest than war-torn nations in the Middle East or North Africa.

  • BEIJING, Oct 29- Toyota Motor Corp blames its China underperformance on the widespread anti- Japan protests triggered by a territorial row.

  • *China Telecom Q3 net down, lags China Mobile's 1.3 pct rise, Unicom's 27 pct gain. HONG KONG, Oct 29- China Telecom and China Unicom are set to further narrow the gap in 3 G subscribers with bigger rival China Mobile when Apple launches the iPhone 5 in the world's largest smartphone market as early as this quarter.

  • NEW YORK- Hurricane Sandy, which could become the largest storm ever to hit the United States, is set to bring much of the East Coast, including New York and Washington, to a virtual standstill in the next few days with battering winds, flooding and the risk of widespread power outages.

  • Move offers rare chance for miners who may not have considered Japan. TOKYO, Oct 29- Japan's biggest utility, Tokyo Electric Power Co, plans to buy coal from a wider group of suppliers in a drive to cut costs as it starts operations of new coal-fired power stations, a company official said.

  • TOKYO, Oct 29- Japan's Prime Minister Yoshihiko Noda made clear on Monday he was in no rush to go to the polls, speaking of the risk of a ``political vacuum'' in a speech likely to anger an opposition that has urged him to keep a promise to call an election soon.

  • SINGAPORE, Oct 29- London copper edged down on Monday, but held above 7- week lows plumbed last week, as concern about global growth and leadership change clouded its demand outlook, but the prospect of a recovering U.S. economy cushioned prices.

  • HONG KONG, Oct 29- Mainland Chinese shares closed at their lowest in a month on Monday, as investors sold shares to lock in profits on financial firms that have yet to post their third-quarter corporate earnings. The CSI300 Index of the top Shanghai and Shenzhen listings closed down 0.5 percent at 2,235.9, its fifth-straight loss.

  • *Honda falls after cutting profit forecast. TOKYO, Oct 29- Japan's Nikkei share average ended flat on Monday as disappointment about a profit warning from Honda Motor Co was balanced by hopes that the Bank of Japan will substantially expand its easing programme when it meets on Tuesday.

  • Asian shares slipped on Monday as investors switched their focus away from signs of stable U.S. growth, looking instead at tepid global corporate earnings and the uncertain economic outlook.

  • *MSCI Asia ex- Japan down 0.2 pct, Nikkei flat. European shares were seen as lacklustre, with financial spreadbetters expecting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open down about 0.1 percent.

  • SHANGHAI, Oct 29- China's yuan hit a record high on Monday, creeping towards the strong-side limit of its daily trading band, but traders said upward pressure on the currency had eased from the last session.

  • HONG KONG, Oct 29- Hong Kong shares fell on Monday as local developers tumbled on fears that new measures to cool soaring property prices will sap demand, but broader losses were limited by earnings-driven strength in Chinese banks. The China Enterprises Index of the top Chinese listings in Hong Kong was up 1 percent.

  • Canada blocked Petronas' bid for Progress this month after Industry Minister Christian Paradis said it was not likely to bring a ``net benefit'' to the country.