China is forecasting the slowest growth rate in 25 years there. Jonathan Brodsky, Advisory Research, and David Riedel, Riedel Research, compare growth stories for India's economy versus China's.» Read More
*MSCI Asia ex- Japan inches up 0.1 pct. TOKYO, Oct 30- Asian shares rose modestly but momentum was curbed by a giant, powerful storm that will keep U.S. markets shut, while the dollar slid to an intraday low against the yen after the Bank of Japan unveiled further easing steps.
*StanChart shares up a touch in weak Hong Kong. HONG KONG, Oct 30- Asia- focused bank Standard Chartered Plc said its operating profit grew by a mid-single digit rate in the first nine months of the year, keeping it on track for a 10th straight year of record earnings.
MUMBAI, Oct 30- India's central bank left interest rates on hold on Tuesday but cut the cash reserve ratio for banks, defying pressure from the government to lower rates for the first time since April but also indicating it may soon ease policy further.
*StanChart shares down 1.1 pct in Hong Kong. HONG KONG, Oct 30- Asia- focused bank Standard Chartered said its operating profit grew by a mid-single digit rate in the first nine months of the year, putting it on track for a 10th straight year of record earnings.
From protests and mass rallies to burning of government effigies, Indian shop owners say Wal-Mart is not welcome in India. But do these businesses have reason to fear the world's biggest retailer entering their market?
SINGAPORE, Oct 30- Gold edged down on Tuesday, heading for its biggest monthly loss since May, after disappointing corporate earnings prompted investors to sell holdings to cover losses in other markets, which have been hurt This week's focus will be Friday's U.S. non-farm payrolls report, which could shed light on the nascent labour market recovery and influence an increasingly tight election between Republican Mitt Romney and Democrat Barack Obama.
Oct 29- Enterprise technology maker JDA Software Group Inc is exploring a sale and has hired JPMorgan Chase& Co to advise on the process, people familiar with the matter said.
Taimur Baig, Director & Chief Economist, Global Markets Research, Deutsche Bank says RBI's decision to hold rates steady is within expectations, adding that the central bank was right to place inflation as the top priority.
N Chandrasekaran, CEO of Tata Consultancy Services, India's largest IT services company, discusses his upbeat outlook for the country's economy.
*Canada already engaged in other major trade talks. OTTAWA, Oct 29- Canada and Japan will launch their first full round of bilateral trade negotiations next month, Trade Minister Ed Fast said on Monday, the latest in a series of bilateral talks Canada has begun with trade partners with multilateral efforts stalled.
HONG KONG, Oct 30- Rising bad loans in some of Asia- focused Standard Chartered's main markets such as India could take some of the shine off an otherwise strong quarterly trading update on Tuesday- which is likely to say the bank is on track for a 10th straight year of record profits.
MUMBAI, Oct 30- India's central bank faces growing pressure to cut interest rates later on Tuesday for the first time since April after the finance minister pledged to rein in the country's fiscal deficit.
Sameer Goel, Head of Rates & FX Research Asia, Deutsche Bank explains why he thinks a rate cut by the RBI may not happen now, but in 2013. He adds that the markets should give government reforms time to take effect.
*Hurricane Sandy hits U.S. East Coast. NEW YORK, Oct 29- Gold edged lower on Monday on worries about the global economy, and trading was far below normal as a monster hurricane began battering the U.S. East Coast and exchanges were shut in New York. CME Group Inc. closed the COMEX/NYMEX trading floor while keeping its Globex electronic platform running.
Oct 29- Hurricane Sandy, located about 110 miles southeast of Atlantic City, New Jersey, and about 175 miles south-southeast of New York City, is expected to make landfall early Monday evening, the U.S. National Hurricane Center said in its latest bulletin. ``Sandy is now moving toward the northwest near 28 miles per hour.
--Martha Stewart Living Omnimedia Inc rescheduled third-quarter results to Nov. 1 from Oct. 30. --Vertex Pharmaceuticals Inc rescheduled third-quarter 2012 earnings and conference call to after markets close on Nov. 1 from Oct. 29. --The McGraw-Hill Companies Inc rescheduled third-quarter earnings and conference call to Nov. 2 from Oct. 31.
MUMBAI, Oct 29- Essar Energy plans to refinance up to $1.5 billion worth of its rupee debt overseas within six months, its chief executive said on Monday, as the India- focused group concentrates on improving its balance sheet after a turbulent period of heavy capital spending and regulatory setbacks.
These pros say emerging market currencies are the place to be - if you're picky.
ROME- Former Italian premier Silvio Berlusconi faced a fresh setback on Monday as early counting in a local election in Sicily showed his divided centre-right party trailing in a former stronghold and big gains for the anti-establishment 5 Star Movement.
NEW YORK- Hurricane Sandy, the monster storm bearing down on the U.S. East Coast, strengthens after hundreds of thousands move to higher ground, public transport shuts down and the U.S. stock market suffers its first weather-related closure in 27 years (STORM-SANDY/ moved, pix, tv, graphic, by Daniel Trotta, 910 words). Politics puts Italy, Spain back in market focus.