Asia Top News and Analysis China

  • "We anticipate that Denmark- based Novo Nordisk A/S, already the global market leader in diabetic treatments, could jump into the top 10 global pharmaceutical companies in revenue terms over the next few years, while presently it is still a midsize company compared with its peers and specializes almost exclusively on diabetes treatments," said Standard& Poor's credit analyst Olaf Toelke.

  • HONG KONG, Oct 4- Gambling revenue in Macau rose a weaker-than-expected 12.3 percent in September, indicating China's slowing economy is increasingly hurting the appetite of wealthy mainland gamblers to place bets in the world's largest casino market.

  • *Trading subdued on China, Europe woes. *SK Innovation, S-Oil shares sag on oil price fall. *Foreign investors unload following Vanguard's switch to FTSE index.

  • *Hyundai global sales reach 371,743 vehicles, up 3.4 pct. *Hyundai may have benefited from anti- Japan protests in China. The figures, although below some expectations for record monthly numbers, will provide some reassurance that Hyundai has put its costliest strike ever behind it.

  • Macquarie Equity Research initiated coverage on retailer PT Sumber Alfaria Trijaya Tbk with' outperform' and a target price of 7,000 rupiah, saying the company is well-positioned to ride Indonesia's consumer wave.

  • LONDON, Oct 4- European shares rose on Thursday as better economic data from the United States eased fears over global growth, while the euro strengthened ahead of an European Central Bank policy meeting later where is expected to keep rates unchanged.

  • Bahana Securities said crude palm oil price may recover in the next few weeks as the current downturn is not sustainable, and it expects strong demand from India and China.

  • SYDNEY, Oct 4- Australian shares extended their gains by 0.3 percent on Thursday, hitting a 14- month high after banks offset losses in mining, as investors eyed further interest rate cuts in the wake of soft retail sales data. Top banks continued this week's post rate-cut gains, led by Westpac Banking Corp.

  • HONG KONG, Oct 4- Gambling revenue in Macau, the world's largest casino market, rose 12.3 percent in September year-on-year, government data showed on Thursday. Analysts had forecast September growth in the tiny enclave on China's southern coast, to be up 15-17 percent ahead of a national holiday week starting in October.

  • KUALA LUMPUR, Oct 4- A Malaysian court kept on hold the licence granted to Lynas Corp Ltd's controversial rare earth plant by delaying until Oct. 10 a decision on whether it will consider judicial reviews to permanently block production.

  • *Weaker yen drives shares in Toyota, Honda, Nissan higher. *Canon, Nidec sag after Hewlett-Packard warns on outlook. TOKYO, Oct 4- Japan's Nikkei share average snapped a four-session losing streak on Thursday as sentiment was boosted by a strong showing by the pro-business U.S.

  • *Jittery investors await U.S. job data, watch Europe. *Social unrest in Iran, Turkey- Syria clashes in focus. SINGAPORE, Oct 4- Brent futures edged up towards $109 per barrel on Thursday as a steep drop in the previous session brought in bargain hunters, while investors awaited further cues from a European Central Bank policy meeting and critical U.S. jobs data.

  • BEIJING, Oct 4- Mazda Motor Corp said on Thursday sales in China for September tumbled 35 percent, one of the first signs that sales from Japanese automakers there are likely to weaken sharply on a row over islands claimed by both nations.

  • *Britain's FTSE 100 is set to open 12 to 17 points higher, or as much as 0.3 percent, according to financial bookmakers. FTSE index closed up 0.3 percent, or 16.36 points higher, at 5,825.81 points on Wednesday driven by gains in "defensive" stocks seen as the most resilient to an economic downturn.

  • SYDNEY, Oct 4- Australian shares extended their gains by 0.3 percent on Thursday, hitting a 14- month high after banks offset losses in mining. Top banks continued this week's post rate-cut gains, led by Westpac Banking Corp.

  • SINGAPORE, Oct 4- Prices for iron ore forward swaps rose on Thursday, extending gains from late last week, as buyers banked on expectations for a rebound in spot iron ore prices when top consumer China returns next week from a holiday. traded at $111 a tonne, said a Hong Kong- based trader, up 2 percent from Wednesday's close of $108.75.

  • *Hyundai global sales reach 371,743 vehicles* Hyundai ramps up output after strike ends* Production rises in U.S., China help ease tight supply SEOUL, Oct 4- South Korea's Hyundai Motor Co.

  • China-heavy-traffic_200.jpg

    The annual Golden Week holiday in China is typically marked by chaos in motorways as millions of Chinese travelers hit the holiday trail, and this year is no different. The upside? The clogged roads are hints the economy may avert a hard landing, at least for now.

  • LONDON Oct 4-* Britain's FTSE 100 is set to open 12 to 17 points higher, or as much as 0.3 percent, according to financial bookmakers. FTSE index closed up 0.3 percent, or 16.36 points higher, at 5,825.81 points on Wednesday driven by gains in "defensive" stocks seen as the most resilient to an economic downturn.

  • TOKYO, Oct 4- Japan's biggest copper smelter, Pan Pacific Copper Co, is offering a term premium of $85 per tonne to clients in China for 2013 shipments, down 15 percent from last year, a source familiar with the matter said.