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Asia Top News and Analysis China

  • HONG KONG, Oct 12- Hong Kong shares are set for a slightly higher open on Friday that will lift them into positive territory for the week as hopes of more steps from China to support its domestic stock markets lure investors back into the market.

  • TAIPEI, Oct 12- Following are news items and media reports that may affect the Taiwan stock market. >Sprint in talks on sale to Japan's Softbank. --Taiwan will open more sectors to foreign and mainland Chinese investment and relax investment rules in the hi-tech and other sectors to attract more money to the island.

  • -DBS Group, Southeast Asia's largest lender, has agreed to sell more than half of its stake in Bank of Philippine Islands. to Ayala Corp for S $757.3 million to boost its capital base.-- SEMBCORP INDUSTRIES LTD. -Budget carrier Tiger Airways said it appointed Ho Yuen Sang as the managing director of its Singapore operations.

  • WASHINGTON, Oct 11- The number of Americans filing new claims for jobless benefits slid last week to the lowest level in more than four and a half years, according to government data that may provide a boost to President Barack Obama a month before voters go to the polls.

  • -Berjaya Philippines Inc holds regular stockholders' meeting, Berjaya Manila Hotel, Eduque Street, Makati City, 9:00 a.m.. EVP and Zone Asia-Oceania-Africa managing director, and John Martin Miller, Nestlé Philippines chairman and CEO, Nestle Centre, Rockwell, Makati City, 2:00 p.m.. STOCKS TO WATCH- AYALA CORP.

  • Financial Times Headlines BUMI SHARES LEAP AS BAKRIES PROPOSE SPLIT- CLARKE GETS ROLE AS TRADE' ROCKET BOOSTER'- GEITHNER HAS PHONE FRIEND AT BLACKROCK- AZERBAIJAN ATTACKS BP FOR MISSING TARGETS- COCA-COLA HELLENIC TO QUIT GREECE- SOFTBANK IN TALKS TO TAKE CONTROL OF SPRINT- SCHAUBLE AND LAGARDE CLASH OVER AUSTERITY- OIL GROUPS SET TO EXPORT US CRUDE- UK URGED TO LEARN CANADA BORROWING LESSONS- Overview BUMI SHARES LEAP AS BAKRIES PROPOSE SPLIT.

  • SINGAPORE, Oct 12- U.S. crude rose towards $93 a barrel on Friday, supported by escalating tensions between Turkey and Syria and supply disruptions at North Sea oil fields. climbed 25 cents to $92.32 a barrel in early Asia trading, after gaining nearly a dollar the previous session.

  • *0900 Harvest MSCI China A Index ETF. 10 Hill Top Road, Lo Wai, Tsuen Wan. -#1400 Aluminum Corporation of China Ltd.

  • TOKYO, Oct 12- Greece, Spain and the euro zone's slow progress toward debt reform take centre stage at IMF meetings on Friday despite Europe's best effort to remove itself from the spotlight.

  • CANBERRA, Oct 12- Australian shares are likely to open flat on Friday on mixed leads from Wall Street, holding below 14- month highs hit earlier this week, although a rebound in metal prices may help index-heavy mining stocks. *Local share price index futures. *New Zealand's benchmark NZX 50 index.

  • Mad Money, October 11, 2012

    Mad Money host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.

  • --Albany, N.Y.- based silicone and quartz producer Momentive Performance Materials Inc. plans to replace its existing revolving credit facility with a new $300 mil. asset-based revolving loan facility.

  • BOSTON-- There's not much good news for investors. Even so, the Standard& Poor's 500 index climbed 5.8 percent in the latest quarter, while U.S. stock mutual funds returned an average 5.3 percent, according to fund tracker Lipper Inc..

  • WASHINGTON, Oct 11- The number of Americans filing new claims for jobless benefits slid last week to the lowest level in more than four and a half years, according to government data that may provide a boost to President Barack Obama a month before voters go to the polls.

  • *USDA hikes global ending stocks for 3rd month. NEW YORK, Oct 11- Cotton futures in New York fell their most in three weeks on Thursday after the U.S. Department of Agriculture raised its 2012/ 13 global ending stocks forecast for the fiber to a record high for a third consecutive month.

  • WASHINGTON, Oct 11- The number of Americans filing new claims for jobless benefits slid last week to the lowest level in more than four and a half years, according to government data that may provide a boost to President Barack Obama a month before voters go to the polls.

  • Commodities Tomorrow: Nat Gas Futures At Highest Level for 2012

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.

  • Cisco said it was now releasing parts of an expert's report in a blog by Mark Chandler, general counsel at Cisco, "so the world could learn what really happened." In the segments released it said that "the exactness of the comments and spacing not only indicate that Huawei has access to the Cisco code but that the Cisco code was electronically copied and inserted into."

  • *Canada has until Nov. 11 to decide fate of CNOOC bid. OTTAWA, Oct 11- Canada said it needs more time to complete its review of a $15.1 billion Chinese bid to take over oil and gas explorer Nexen Inc, a deal that has raised fears about opening the Canadian energy sector to the Asian power's state-owned companies.

  • BRUSSELS, Oct 11- The European Commission has proposed setting anti-dumping duties on imports of ceramic tableware and metal pipe fittings, further tightening its trade defences against Chinese exporters. The European Commission declined to comment.