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Asia Top News and Analysis China

  • *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.

  • 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 grounded in his native land. If you read half a page of Mo Yan you immediately recognise it as him, "said Peter Englund, head of the Academy. Mo Yan is a pen name which means "Don't speak".

  • SINGAPORE, Oct 11- Asia's fuel oil market weakened on Thursday, with intermonth spreads erasing the previous session's gains as concerns over an over-supplied market outweighed demand hopes. The balance of October/November spread for 180- centistoke fuel oil fell 75 cents to a backwardation of 25 cents, a two session low, according to Reuters data.

  • SINGAPORE, Oct 11- Asian regrade prices- the price difference between jet fuel and gasoil- climbed to an almost one year high on Thursday as jet fuel found strength from the United States and China ahead of year-end travel amid short supply. Chevron had earlier bought jet fuel from Taiwan's Formosa, likely to ship it to the United States, traders said.

  • *FTSE up 0.6 pct after three-session losing streak. LONDON, Oct 11- UK shares bounced back on Thursday following early declines, led by banks and miners as investors shifted through risk-sensitive stocks for bargains. At 1054 GMT, the FTSE 100.

  • *Turkey, Syria fighting stokes worries about 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.

  • *Morning floor trading planned to capture Asian business* Ring floor may be expanded for new members, extra staff* First major move by LME's new owner By Josephine Mason and Susan Thomas.

  • --Hong Kong- based Hang Seng has slowed its loan growth and strengthened its capitalization over the past two years. --Our stable outlook reflects the bank's ongoing government support, its status as a core subsidiary of HSBC, and a lack of meaningful pressure on the SACP.

  • ULAN BATOR, Oct 11- The head of the state-owned company charged with developing Mongolia's long-delayed Tavan Tolgoi coal project in the South Gobi region resigned on Thursday, raising hopes that a new CEO may hasten the launch of the massive mine. Enebish will be replaced by Batsuur Yaichil, a former member of parliament with the ruling Democratic Party.

  • *Unitech surges after settlement with Telenor. MUMBAI, Oct 11- Indian shares rose on Thursday as expectations of better-than-expected earnings sent Infosys. and HDFC Bank higher a day before they report results.