Asia Top News and Analysis China

  • Loews CEO: Reason for Rally is QE

    James Tisch, Loews Corporation president and CEO, shares his final thoughts on the ADP employment report. "I think the reason for the stock market rally is because of the quantitative easing, and people can't find any place to put their money," he says.

  • *Australia trade deficit balloons unexpectedly. LONDON, Oct 3- The euro zone's economic woes increased last month and China's slowdown looked likely to extend to a seventh quarter, surveys showed on Wednesday, but there was better-than-expected news on U.S. jobs.

  • LONDON, Oct 3- Signs the global economic slowdown may be worsening sent world share markets and oil lower on Wednesday, while the euro held steady against the dollar as investors waited for Spain to take the steps to trigger European Central Bank intervention.

  • Oct 3- Canada's main stock index looked set to open higher on Wednesday, extending gains from the previous session on hopes of a request from Spain for a bailout, though weak economic data from China and Europe might keep a lid on gains.

  • fx_fix_1_200.jpg

    Gloom lifts the dollar and Poland's central bank surprises — it's time for your FX Fix.

  • *Best Buy founder, private equity firms, examine books. *Motorola Mobility drops patent complaint against Apple. NEW YORK, Oct 3- U.S. stock index futures were little changed Wednesday as expectations that Spain will request a bailout offset concern over a slowing Chinese economy, with modest volume indicating a pause ahead of the release of key U.S. data.

  • PARIS, Oct 3- European stocks edged down on Wednesday, adding to the previous session's losses, weighed down by doubts about whether Spain will soon request a bailout and further signs of a slowdown in China and Europe.

  • *Glencore bidding for shares in Xstrata not already owned. BRUSSELS/ LONDON, Oct 3- EU antitrust regulators have set a Nov. 8 deadline to decide on whether to allow trader Glencore's $33 billion takeover of miner Xstrata, after months of talks which the companies hope will help avoid forced sales or a lengthier, in-depth probe.

  • *Nordic spot price for Thursday rise to 32.6 euros/ MWh. OSLO, Oct 3- Nordic spot power price rose on higher exports to Germany and lower supply from wind power while consumption was expected to increase as temperatures head down, analysts said.

  • *Infosys falls on July-Sept earnings concern. MUMBAI, Oct 3- Indian shares gained on Wednesday for a third consecutive session after infrastructure companies extended gains on hopes for additional support measures for the sector, while insurance-related stocks also gained on optimism for government action.

  • NEW YORK, Oct 3- U.S. stock index futures were little changed Wednesday as expectations that Spain will request a bailout offset concern over a slowing Chinese economy, with modest volume indicating a pause ahead of the release of key U.S. data. *Automatic Data Processing releases its September employment report at 8:15 a.m. ET.

  • *China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices fell on Wednesday as weak economic data from Europe and China dimmed the outlook for demand, adding to concerns arising from Europe's festering debt crisis. Brent November crude futures had fallen 96 cents to $110.61 a barrel by 1054 GMT.

  • Loews CEO's: Nat Gas Will Transform US Economy

    "Right now there is an inflation story to be told," said James Tisch, Loews Corporation president and CEO, discussing what he is seeing in his businesses, and weighing in on the demand for offshore drilling.

  • SINGAPORE, Oct 3- Asia's fuel oil market remained depressed on Wednesday, with the prompt inter-month spread easing to a four-month low on weak demand, and further exacerbated by heavier arbitrage supply flows into Asia. -India's Hindustan Petroleum Corp Ltd.

  • *Australia trade deficit balloons unexpectedly. LONDON, Oct 3- The euro zone's economic woes increased last month and China's slowdown looked likely to extend to a seventh quarter, surveys showed on Wednesday, but there was better-than-expected news on U.S. jobs.

  • *FTSE 100 edges up 0.1 percent, lifted by bank and mining stocks. The blue-chip FTSE 100 index was up 0.1 percent, or 4.25 points, at 5,813.70 points around midday. Signs of the index holding above the 5,800 point level-- seen by many technical traders as key to propelling further gains-- have enabled modest, short-term increases on the FTSE 100 this week.

  • China's official services PMI slowed to 53.7 percent in September from 56.3 in August, highlighting the economy's seventh straight quarter of slowdown, while Australia posted weak export data.

  • LONDON, Oct 3- British prompt gas prices rose to a one-week high on Wednesday as a drop in flows from liquefied natural gas terminals and low imports from the Netherlands and Norway left the market undersupplied. Gas for within-day delivery rose 1.20 pence to 61.70 pence per therm at 1014 GMT, the highest since Sept. 26, while day-ahead gas.

  • HONG KONG-- When two boats filled with people collided on Hong Kong's busy waterways, the impact knocked a hole in one vessel's engine room and the water poured in too fast to stop the boat from sinking. Passengers struggled to find life vests and dozens drowned in the turbulent waters.

  • *Retail trade rises 0.1 pct in August from July. BRUSSELS, Oct 3- Retail sales in the euro zone barely rose in August as motorists cut back spending on fuel during the normally busy driving months of the European summer, worried about the economy's slide towards recession.