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Asia-Pacific News China

  • TOKYO, Oct 29- Japan's Prime Minister Yoshihiko Noda made clear on Monday he was in no rush to go to the polls, speaking of the risk of a ``political vacuum'' in a speech likely to anger an opposition that has urged him to keep a promise to call an election soon.

  • SINGAPORE, Oct 29- London copper edged down on Monday, but held above 7- week lows plumbed last week, as concern about global growth and leadership change clouded its demand outlook, but the prospect of a recovering U.S. economy cushioned prices.

  • HONG KONG, Oct 29- Mainland Chinese shares closed at their lowest in a month on Monday, as investors sold shares to lock in profits on financial firms that have yet to post their third-quarter corporate earnings. The CSI300 Index of the top Shanghai and Shenzhen listings closed down 0.5 percent at 2,235.9, its fifth-straight loss.

  • *Honda falls after cutting profit forecast. TOKYO, Oct 29- Japan's Nikkei share average ended flat on Monday as disappointment about a profit warning from Honda Motor Co was balanced by hopes that the Bank of Japan will substantially expand its easing programme when it meets on Tuesday.

  • Asian shares slipped on Monday as investors switched their focus away from signs of stable U.S. growth, looking instead at tepid global corporate earnings and the uncertain economic outlook.

  • *MSCI Asia ex- Japan down 0.2 pct, Nikkei flat. European shares were seen as lacklustre, with financial spreadbetters expecting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open down about 0.1 percent.

  • SHANGHAI, Oct 29- China's yuan hit a record high on Monday, creeping towards the strong-side limit of its daily trading band, but traders said upward pressure on the currency had eased from the last session.

  • HONG KONG, Oct 29- Hong Kong shares fell on Monday as local developers tumbled on fears that new measures to cool soaring property prices will sap demand, but broader losses were limited by earnings-driven strength in Chinese banks. The China Enterprises Index of the top Chinese listings in Hong Kong was up 1 percent.

  • Canada blocked Petronas' bid for Progress this month after Industry Minister Christian Paradis said it was not likely to bring a ``net benefit'' to the country.

  • TOKYO, Oct 29- Japanese Prime Minister Yoshihiko Noda made clear on Monday he is in no rush to go to the polls, speaking of unfinished business and the risk of a ``political vacuum'' in a speech likely to anger the opposition, which has been urging him to keep a promise to call an election soon.

  • *Honda shares drop nearly 6 pct; results released early inadvertently. TOKYO, Oct 29- Japan's Honda Motor Co cut its full-year net profit forecast by a fifth after sales in China, the world's biggest autos market, were hit by a popular backlash against Japanese products in a dispute over East China Sea islands.

  • SINGAPORE, Oct 29- London copper traded little changed on Monday, holding above 7- week lows plumbed last week, as the prospect of a recovering U.S. economy underpinned prices, although concerns about leadership change and global growth kept a lid on gains.

  • TOKYO, Oct 29- Japan's Honda Motor Co cut its full-year net profit forecast by a fifth after sales in China, the world's biggest autos market, were hit by a popular backlash against Japanese products in a dispute over East China Sea islands.

  • TOKYO, Oct 29- Japan's Honda Motor Co cut its full-year net profit forecast by a fifth after sales in China, the world's biggest autos market, were hit by a popular backlash against Japanese products last month in a dispute over East China Sea islands.

  • Why Hong Kong’s Property Crackdown Won’t Dent Home Prices

    Hong Kong’s latest round of property measures to curb speculation by foreign buyers is likely to have a minimal impact on cooling sky-high prices in the island-state, say experts, with tight supply conditions and demand from local homebuyers preventing any large declines in home values. 

  • TOKYO, Oct 29- Japan's Honda Motor Co cut its full-year net profit forecast by 20 percent after sales in China, the world's biggest autos market, were hit by a popular backlash against Japanese products last month in a dispute over East China Sea islands.

  • SINGAPORE, Oct 29- London copper inched higher on Monday, recovering from 7- week lows plumbed last week, as the prospect of a recovering U.S. economy buoyed prices, although lingering concerns about global growth kept a lid on gains. *The most-traded February copper contract on the Shanghai Futures Exchange rose 0.42 percent to 56,920 yuan a tonne.

  • Bank of Japan poised to ease as economy takes a hit. *Spain stuck in recession, underscoring euro zone woes. Oct 28- The last employment report before the U.S. presidential election is likely to have something for everyone- for those bullish and bearish on the economy and for Barack Obama and Mitt Romney.

  • Chinese Banks Flee London’s Tough Rules

    China’s largest state-owned banks are moving big chunks of their European business to Luxembourg as they seek to escape tougher regulation in the City of London. The FT reports.

  • BEIJING, Oct 29- The roots of Toyota Motor Corp's China troubles run far deeper than the anti- Japan protests that have swept the country, stretching back to the 2008 launch of the Yaris subcompact-- a spectacular flop with price-conscious Chinese buyers.