Asia Top News and Analysis China

  • KUALA LUMPUR, Oct 4- A Malaysian court has postponed to Oct. 10 a hearing on the temporary operating licence granted to Lynas Corp Ltd's controversial rare earth plant, activists said on Thursday. The Kuantan High Court had been expected to rule on whether it will consider judicial reviews seeking to block the plant.

  • 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.

  • The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs.

  • TOKYO, Oct 4- Tokyo Governor Shintaro Ishihara, a fiery nationalist whose failed bid to buy a group of disputed islands ignited a crisis with China, is pushing ahead with a plan to build structures there to hammer home Japan's claim, officials involved told Reuters.

  • TOKYO, Oct 4- Pan Pacific Copper Co, Japan's biggest copper smelter, is offering a term copper premium of $85 per tonne for clients in China for 2013 shipments, down from $100 in 2012, a source familiar with the matter said. Talks over the premium between Japanese sellers and Chinese buyers have been prolonged due to uncertainty over demand in China, the source said.

  • Trading house Marubeni Corp gained 1.4 percent to 498 yen after Barclays Securities lifted its price target on the stock to 700 yen from 650, saying the company had lower exposure to resources businesses than its peers. to 1,860 yen from 2,000, Mitsui& Co to 1,320 yen from 1,350, Sumitomo Corp to 1,190 yen from 1,230, and Itochu Corp to 1,070 yen from 1,100..

  • *Investors cautious after China services PMI. SEOUL, Oct 4- Seoul shares edged lower on Thursday morning as investors found it difficult to shake off disappointing data that showed a sharp weakening in China's service sector, with slumping oil prices also helping to push down energy-related stocks.

  • *India's cabinet is set approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors, a minister said on Wednesday. *India's central bank governor Duvvuri Subbarao and other officials part of the board meeting in the Union Territory of Puducherry at 0730 GMT.

  • By Miranda Maxwell and Denny Thomas. MELBOURNE/ HONG KONG, Oct 4- A private equity firm founded by Chinese billionaire Yu Yong and a fund backed by state-owned China Development Bank have offered to buy Australian-listed copper explorer Discovery Metals Ltd, valung the company at about $850 million.

  • MELBOURNE, Oct 4- Australian shares were up 0.2 percent on Thursday as banks rose while miners fell, with sentiment dented by soft retail sales figures for August and declines in oil and copper prices. Top banks continued this week's post rate-cut gains, led by a 1.2 percent rise in Westpac Banking Corp.

  • Japan's big three automakers, Toyota Motor Corp, Nissan Motor Co and Honda Motor Co, were in demand as investors factored in concerns over sputtering global growth and sluggish demand from China amid rising anti-Japanese sentiment over a territorial dispute.

  • OCBC Investment Research cut its target price for palm oil company Golden Agri-Resources Ltd to S $0.76 from S $0.81 and kept its' buy' rating, citing a larger-than-expected drop in crude palm oil prices. 10:09 STOCKS NEWS SINGAPORE- Maybank starts Hutchison Port at' buy'.

  • WELLINGTON/ SYDNEY, Oct 4- The Aussie dollar fell across the board on Thursday and hovered around one-month lows against the U.S. dollar as subdued retail sales data added to the case for further rate cuts, while the New Zealand dollar edged up.

  • SYDNEY, Oct 4- Australian retail sales edged up only marginally in August as weakness in household goods and clothing pointed to restraint in discretionary spending, adding to the case for further supportive cuts in interest rates. The softness-- you can see it in a range of indicators, "said Su-Lin Ong, a senior economist at RBC Capital Markets.

  • Maybank Kim Eng initiated coverage of Hutchison Port Holdings Trust with a' buy' rating and a target price of $0.925, citing an attractive distribution yield, resilient earnings and growth potential.

  • STOCKS TO WATCH> State-owned coal miner PT Bukit Asam Tbk will spend $580 million until 2016 to build infrastructure, including railway track, seaport and steam power plants, said CEO Milawarman.> State-controlled lender PT Bank Rakyat Indonesia Tbk.

  • *Markets still wagering on another rate cut for November By Wayne Cole. SYDNEY, Oct 4- Australian retail sales edged up only marginally in August as weakness in household goods and clothing pointed to restraint in discretionary spending that adds to the case for further supportive cuts in interest rates.

  • BANGKOK, Oct 4- Following is some company-related and market news that could have an impact on the local market. SE ASIA STOCKS-Most retreat; energy-related shares weak. Thailand's second-biggest liquefied petroleum gas company has bought LPG businesses in Malaysia and Vietnam, it said in a statement.

  • CIMB Research raised its target price for Midas Holdings Ltd, which supplies components for railway projects, to S $0.63 from S $0.41 and kept its' outperform' rating, citing expectations of more high-speed rail contract wins. At 0126 GMT, Midas shares were up 1.2 percent at S $0.425.

  • PERTH, Oct 4- Australia's thermal coal price benchmark was relatively steady this week with Chinese buyers away from the market for a week-long national holiday, but prices may rebound soon as buyers begin to restock for winter.