Asia Top News and Analysis China

  • DETROIT, Oct 30- Chrysler Group LLC Chief Executive Sergio Marchionne reaffirmed on Tuesday that the company is not moving Jeep vehicle production out of the United States to China after it became an issue in the U.S. presidential campaign.

  • DETROIT, Oct 30- Ford Motor Co posted on Tuesday a third-quarter profit that trounced Wall Street forecasts, driven by higher vehicle prices and record profit margins of 12 percent in North America. Half that jump came from North America, where Ford has earned more than $2 billion and posted margins over 10 percent for three quarters in a row.

  • LONDON, Oct 30- Copper rose on Tuesday, rebounding from a near 2- month low hit in the previous session, supported by a weak dollar and some cautious industrial buying, but concerns about sluggish demand from top consumer China capped further gains.

  • LONDON/ BRUSSELS, Oct 30- Commodities trader Glencore, hoping to speed its $33 billion takeover of Xstrata over its final hurdles, is expected to offer to sell part of the group's zinc assets, meeting a midnight deadline to comply with EU antitrust concerns.

  • Oct 30- U.S. Steel Corp, the top steel producer in the United States by volume, warned that its current quarter would be hurt by the global slowdown, joining rivals Nucor Inc and AK Steel Holding Corp in forecasting weak results.

  • Oct 30- Here is a look at platinum production in South Africa as strike-hit South African miner Lonmin, the world's third-largest platinum producer, plans to raise $800 million from its investors to help slash debt. In 2012 South Africa was gripped by its worst labour unrest in decades following a violent strike that broke out at Lonmin's Marikana mine in August.

  • LONDON, Oct 30- India is emerging as the unknown factor for Asia's iron ore market in 2013, which otherwise looks to be in a fair balance between supply and demand. It's also likely that China will account for the bulk of growth in seaborne iron ore demand, with recession-plagued Europe expected to be steady at best and modest growth likely from the rest of the world.

  • *North America earns more $2 bln for three straight quarters. DETROIT, Oct 30- Ford Motor Co on Tuesday posted a third-quarter profit that trounced Wall Street forecasts due to higher vehicle prices and record-high profit margins of 12 percent in North America.

  • LONDON, Oct 30- Copper edged up on Tuesday from a near 2- month low hit the previous session, helped by a weaker dollar and as lower prices encouraged some cautious industrial buying, but concerns about soft demand from top consumer China capped gains.

  • Oct 30- U.S. Steel Corp's third-quarter profit handily beat analysts' estimates, but the company warned that its current-quarter results would be affected by the global slowdown.

  • The study by commercial real estate services firm CBRE comes just days after Hong Kong announced its first residential property tax targeted at overseas buyers as U.S. quantitative easing and record-low interest rates boost the risk of a housing bubble in the Asian financial centre.

  • SHANGHAI, Oct 30- China's yuan briefly touched on the strong side trading limit in Monday's afternoon session, as traders pointed towards a euro rally against the dollar as propping up demand. A sharp strengthening of the euro against the dollar that began around 2 pm supported the yuan's appreciation in the afternoon session, traders said.

  • BUDAPEST, Oct 30- Lawmakers in indebted European Union member Hungary are waving the prospect of a passport at well-heeled foreign investors. Proposed legislation listed on parliament's website would grant permanent residency and ultimately Hungarian citizenship to outsiders who buy at least 250,000 euros worth of special government bonds.

  • TOKYO/ BEIJING, Oct 30- Heavy equipment makers are pinning their hopes on a stimulus fuelled rebound in China in 2013, after suffering another bruising quarter as the global economy slowed faster than expected with little respite seen before the end of the year.

  • NEW YORK/ REHOBOTH BEACH- Sandy, one of the biggest storms to hit the United States, pounded the east coast on Tuesday, flooding large parts of New York City, bringing transport to a halt and interrupting the presidential campaign.

  • TOKYO, Oct 30- The Bank of Japan boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.

  • *Q3 net profit 62.44 bln yuan vs 59.9 bln yuan view. HONG KONG, Oct 30- Industrial and Commercial Bank of China Ltd, the world's biggest bank, reported a 15 percent rise in quarterly net profit, beating estimates, as interest margins widened due to increased demand for credit.

  • *StanChart shares down 0.6 pct in London. HONG KONG/ LONDON, Oct 30- Standard Chartered said it was aiming for a wider year-end settlement with U.S. authorities investigating its Iran- linked transactions.

  • Aussie Jumps, Euro Lifts, Korea Cuts

    The Bank of Japan falls short and Europeans go shopping — it's time for your FX Fix.

  • HONG KONG, Oct 30- Hong Kong shares sank to their lowest in almost two weeks on Tuesday, with most local developers slipping further in the wake of fresh curbs on real estate purchases in the territory. Investors also took profits on Chinese banks, recent outperformers after strong third-quarter earnings from three of China's ``Big Four'' banks.