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Asia Top News and Analysis China

  • *Alcoa to start earnings season after the close. *The IMF warnings comes on the heels of a growth forecast cut for East Asia by the World Bank on concerns China's slowdown could last longer than expected.

  • The 'Real' Unemployment Problem With Ken Langone

    "Whatever the number is (jobs), it vastly understates unemployment," said Kenneth Langone, Invemed Associates chairman & president, discussing jobs creation, and getting Americans back to work.

  • Turkish President Abdullah Gul said on Monday the "worst-case scenarios" between his country and Syria were now playing out, fuelling concerns that the 18- month-old conflict in Syria may spread to other countries in the region.

  • AMSTERDAM, Oct 9- When Koen Olthuis finally landed his first job after graduating as an architect, his new firm wouldn't let him work on the most historic or prestigious accounts in Amsterdam's 17th century centre.

  • YAOUNDE, Oct 9- Addax Petroleum, a unit of China's state-owened Sinopec, said on Tuesday its Padoux-IX exploration well on its Iroko block offshore Cameroon struck crude oil and gas. "This Padoux-IX well has logged 38.6 m TVD net oil and 65.1 m TVD net gas in six sands," Addax said in a press release issued jointly with Cameroon's state oil company SNH.

  • SHANGHAI, Oct 9- China Vanke Co Ltd, the country's largest real estate developer by sales, said its September sales fell 4 percent to 12 billion yuan from the same period a year ago.

  • *Trade balance f'cast $20.7 bln vs Aug $26.7 bln. Analysts say shrinking global demand as the debt crisis festers in Europe- the single biggest overseas market for Chinese goods- and a slower-than-expected recovery in the U.S. economy would continue to be a major drag on China's export growth at least for the rest of the year.

  • LONDON, Oct 9- Emerging stocks were little changed on Tuesday as hopes that China's markets could be opened up further to offshore investors counterbalanced growth warnings from the International Monetary Fund.

  • DHAKA, Oct 9- Bangladesh's exports rose in September for the third month in a row thanks to improving garment orders, official data showed on Tuesday. Total exports for July-September, the first quarter of Bangladesh's financial year, were up 2.1 percent to $6.29 billion.

  • HONG KONG, Oct 9- Nobel laureate Shinya Yamanaka warned patients on Tuesday about unproven "stem cell therapies" offered at clinics and hospitals in a growing number of countries, saying they were highly risky.

  • *Oil jumps on supply concerns as Middle East tension mounts* Uncertainty over Spain and Greece pressures euro By Richard Hubbard. LONDON, Oct 9- A stark warning from the IMF about the global growth outlook and the prospects for Spain and Greece sent European stocks and the single currency lower on Tuesday, while oil rose on escalating tensions in the Middle East.

  • *Trade balance f'cast $20.7 bln vs Aug $26.7 bln. Analysts say shrinking global demand as the debt crisis festers in Europe- the single biggest overseas market for Chinese goods- and a slower-than-expected recovery in the U.S. economy would continue to be a major drag on China's export growth at least for the rest of the year.

  • SHANGHAI, Oct 9- China Molybdenum Co Ltd, backed by billionaire Yu Yong, nearly tripled on its Shanghai debut as investors deemed the stock to be undervalued after regulators ordered the company to scale back its offering to ease a glut of new issues.

  • PARIS, Oct 9-* U.S. stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.21 percent, Dow Jones futures 0.13 percent lower and Nasdaq 100 futures down 0.36 percent at 0922 GMT.

  • BEIJING, Oct 9- China has cut planned railway investment by 500 billion yuan to 2.3 trillion yuan under a five-year plan to 2015, the official Economic Information Daily reported on Tuesday, but that may reflect spending cuts that have already occurred.

  • Turkish President Abdullah Gul said on Monday the "worst-case scenarios" between his country and Syria were now playing out, fuelling concerns that the 18- month-old conflict in Syria may spread to other countries in the region.

  • BEIJING, Oct 9- China's geological oil resources were put at 88.1 billion tonnes in 2010, up 15 percent from a survey three years earlier, the China Petrochemical News reported on Tuesday, citing a survey by the Ministry of Land and Resources. Analysts predict China's dependence on imports will continue to grow as demand outstrips supply.

  • *Sept CPI may have eased to 1.9 pct y/y; PPI down 3.6 pct. *CPI and PPI due Oct. 15 By Lucy Hornby. BEIJING, Oct 9- China's annual consumer price inflation likely softened to 1.9 percent in September, flirting with July's two-and-a-half year low, with producer prices set to record their steepest drop since October 2009, a Reuters poll of 26 economists found.

  • SINGAPORE, Oct 9- CapitaLand Ltd, Southeast Asia's largest property developer, said on Tuesday that Lim Ming Yan will become its new chief executive officer and president from Jan 1. Lim, currently CapitaLand's chief operating officer and deputy chairman of its China executive committee, will replace longtime CEO Liew Mun Leong.

  • LONDON, Oct 9- European shares gave up early gains and turned negative on Tuesday as concerns over slowing global growth and its impact on corporate earnings weighed, although charts signaled a bounce back.