Asia Top News and Analysis China

  • A day before, the World Bank issued a warning about a slackening expansion in Asia. Britain's FTSE 100 fell more than 0.2 percent to 5,827.72. The picture was not as bleak in Asia, where stock market performance was mixed.

  • NEW YORK, Oct 9- Vietnamese-born chef Charles Phan shares his passion for his homeland and tips about how to cook its delicious food in his first cookbook, "Vietnamese Home Cooking". Phan and his family fled to Guam from Vietnam in 1975 before settling in San Francisco a couple of years later. runs six other eateries in San Francisco.

  • *Sept new loans forecast at 650 bln yuan vs 703.9 bln yuan in August. BEIJING, Oct 9- China's banks likely lent less money in September than August even though the year-on-year pace of loan growth probably accelerated as Beijing kept monetary policy loose to support a slowing economy, a Reuters poll of 28 economists found.

  • *ZTE shares slump 5.6 percent, extend drop on U.S. Congress report. HONG KONG, Oct 9- China shares posted healthy gains on Tuesday and lifted Hong Kong markets to near a five-month high as hopes of more market-supporting measures from Beijing spurred rallies in large-cap banking and energy shares.

  • Oct 09- Fitch Ratings has affirmed Russia- based diamond producer OJSC ALROSA's Long-term Issuer Default Rating and senior unsecured rating at' BB-' and Short-term IDR at' B'. Fitch assesses Alrosa's link with its controlling shareholder, the Russian Federation, as medium, which provides a one-notch uplift to the company's standalone ratings.

  • BEIJING, Oct 9- China's annual economic growth probably slowed for a seventh straight quarter in the July-September period to the weakest level since the depths of the global financial crisis, a Reuters poll showed, reinforcing the case for further policy stimulus.

  • Oct 9- Malaysia's factory output probably fell for the first time in 13 months in August because of weak demand for its top exports of commodities and electronics, analysts polled by Reuters said, warning that the global trade slowdown could get worse.

  • BEIJING/ HONG KONG, Oct 9- China's leading telecom equipment makers accused in a U.S. congressional report of being a potential security risk may face fresh scrutiny in other markets, while American firms operating in China could be vulnerable to retaliation.

  • *FTSE 100 slips 0.2 percent, Capita and Aggreko among main fallers. The blue-chip FTSE 100 index was down by 0.2 percent, or 11.76 points lower, at 5,829.98 points in early morning trade.

  • ROME-- The United Nations said Tuesday its 2009 headline-grabbing announcement that 1 billion people in the world were hungry was off-target and that the number is actually more like 870 million.

  • HONG KONG, Oct 9- Hong Kong shares closed near a five-month high on Tuesday as hopes of more steps to support the market from Beijing spurred rallies in large-cap banking and energy shares in mainland markets.

  • Oct 9- China's leading telecom equipment makers accused in a U.S. congressional report of being a potential security risk may face fresh scrutiny in other markets, while American firms operating in China could be vulnerable to retaliation.

  • The third-quarter earnings season is unlikely to be very good as a result of weak growth expectations, recent gains in the euro and a rise in input costs, but nevertheless, consensus expectations could still prove overly pessimistic, analysts at Exane write in a note.

  • LONDON, Oct 9- A warning about the global growth from the IMF sent European shares lower for a second day on Tuesday despite a move by China to support its flagging economy, while escalating tensions between Turkey and Syria in the Middle East sent oil higher.

  • *Kazakhstan says trial of Vladimir Kozlov fair and open By Robin Paxton. ALMATY, Oct 9- The United States on Tuesday accused Kazakhstan of using its justice system to "silence opposition voices" after a prominent critic of President Nursultan Nazarbayev was jailed for inciting violence.

  • *Firmer China steel prices, restocking lift iron ore. SINGAPORE, Oct 9- Spot iron ore prices climbed to their highest in almost two months as steel mills from top buyer China snapped up cargoes to replenish stockpiles, encouraged by higher steel prices which also hit their loftiest since August.

  • Oct 09- Fitch Ratings has affirmed Taiwan- based Far Eastern International Bank's ratings, including its Long-Term Issuer Default Rating of' BBB-' with Stable Outlook. A full rating breakdown is provided at the end of this commentary.

  • *Rio cautious on impact of China stimulus. *Optimistic on China power supply for Mongolia copper mine. LONDON, Oct 9- Global miner Rio Tinto cut its growth forecast for China and said it was stepping up efforts to cut costs, having already slashed $500 million, faced with an uncertain global outlook.

  • *Softbank falls, trumped by KDDI on iPhone 5 sales. TOKYO, Oct 9- Japan's Nikkei share average fell the most in eight sessions on Tuesday on concern that companies will slash profit forecasts further following a World Bank warning that the slowdown in key trading partner China may be more protracted than thought.

  • *Japan's hefty holding of overseas assets offsets weak exports. TOKYO, Oct 9- Japan's current account surplus unexpectedly rose i n August from a year earlier due to an increase in earnings on overseas investments, but a faltering Chinese economy and Europe's debt crisis still cloud the export outlook.