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Asia Top News and Analysis China

  • Oct 11- Fitch Ratings has affirmed Eastern and Southern African Trade and Development's Long-term Issuer Default Rating at' BB-', Short-term IDR at' B' and National Long-term Rating at' AA+'.

  • * "Unique way of writing," Swedish Academy says. STOCKHOLM, Oct 11- Chinese writer Mo Yan won the 2012 Nobel prize for literature on Thursday for works which combine "hallucinatory realism" with folk tales, history and contemporary life in China.

  • The clash came to light on Thursday when British fishermen urged the British Navy to protect them following the incident near the French port of Le Havre. "Something's got to be done about this," said John Hermse, chief executive of Britain's Scallop Association.

  • NEW YORK-- Shares of coal mining companies surged Thursday and Dahlman Rose& Co. predicted that demand may be on the rise from steel manufacturers in China.

  • STOCKHOLM-- Chinese writer Mo Yan won the Nobel Prize in literature on Thursday, a cause of pride for a government that had disowned the only previous Chinese winner of the award, an exiled critic. The Swedish Academy, which selects the winners of the prestigious award, praised Mo's "hallucinatory realism" saying it "merges folk tales, history and the contemporary."

  • TORONTO-- The Canadian government announced Thursday it is extending its review period for the proposed $15.1 billion takeover of Nexen Inc. by Chinese state-owned CNOOC as it needed more time to conduct a "thorough" review of the deal _ China's biggest overseas energy acquisition.

  • BEIJING-- Cases of people being forcibly evicted from their homes and land have risen significantly in China, becoming the single greatest source of public discontent and a serious threat to the country's social and political stability, Amnesty International said Thursday. Forced demolitions have long been a way of life in China.

  • *Turkey, Syria fighting stokes concern over Mideast supply. LONDON, Oct 11- Brent crude oil reached its highest in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

  • LONDON, Oct 11- Britain's energy minister wants to financially support two pilot carbon capture and storage projects, a technology the UK is banking on to reduce climate-warming emissions and to develop as a new export product.

  • *Europe still biggest drag on world growth. LONDON, Oct 11- Next year offers only a slight improvement for a global economy hit by recession in Europe and slowing or moribund growth in Asia and the United States, according to Reuters polls of hundreds economists worldwide.

  • Oct 11- Cotton prices extended losses in early trade on Thursday after the U.S. government raised its inventory forecast for the season to end-July 2013 to a new record of close to 80 million 480- lb bales, reinforcing concerns about falling demand from China, the world's largest textile market.

  • * "Unique way of writing," Swedish Academy says. STOCKHOLM, Oct 11- Chinese writer Mo Yan won the 2012 Nobel prize for literature on Thursday for works which combine "hallucinatory realism" with folk tales, history and contemporary life in China.

  • TORONTO, Oct 10- Canada said on Thursday it has extended its review of a $15.1 billion bid by China's CNOOC Ltd. "I can confirm that the review period for China National Offshore Oil Corp's proposed acquisition of Nexen Inc. under the Investment Canada Act has been extended by 30 days," Christian Paradis, Canada's industry minister, said in a statement.

  • BEIJING/ TOKYO, Oct 11- China's foreign minister on Thursday defended the withdrawal of its senior delegates from the International Monetary Fund meeting in Tokyo as "completely appropriate" although the head of the multilateral organisation said they would "lose out".

  • WASHINGTON-- The U.S. trade deficit widened in August from July because exports fell to the lowest level in six months. The deficit grew 4.1 percent to $44.2 billion in August, the biggest gap since May, the Commerce Department said Thursday. Exports dropped 1 percent to $181.3 billion.

  • Aussie Jumps, Euro Lifts, Korea Cuts

    Australians get to work and the euro bounces back — it's time for your FX Fix.

  • NEW YORK-- Stock futures rebounded strongly Thursday on better-than-expected employment numbers that will likely provide some optimism to millions of U.S. job seekers. The number of Americans seeking unemployment aid plummeted last week to seasonally adjusted 339,000, the Labor Department said.

  • *Turkey, Syria fighting stokes concern over Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

  • BEIJING, Oct 11- Mo Yan, who has won the Nobel literature prize, was forced to drop out of primary school and herd cattle during China's Cultural Revolution and was sometimes so destitute he ate tree bark and weeds to survive.

  • BEIJING, Oct 11- Mo Yan, who has won the Nobel literature prize, was forced to drop out of primary school and herd cattle during China's Cultural Revolution and was sometimes so destitute he ate tree bark and weeds to survive.