Jigar Shah, senior VP at Kim Eng India, tells CNBC a fall in IT outsourcing company, Tech Mahindra's growth is coming because a low margin of acquisitions.» Read More
DUBAI, Oct 11- Yemen's only liquefied natural gas terminal began exporting LNG again this week, ship tracking data showed on Thursday, after being forced to shut when its feed pipeline was blown up in late September.
*S&P/ASX 200 index fell 7 points to 4,483.5* Lynas Corp Ltd. plunges 15 pct on Malaysia delay. Shares pulled back from 14- month highs on Wednesday after the IMF cut its growth forecast for China, Australia's biggest export market.
Oct 11- Books and stationery retailer WH Smith Plc said Chief Executive Kate Swann will step down on June 30, after being at the helm for nine years. The company named Steve Clarke, managing director of its High Street division, as Swann's successor. WH Smith said Clarke's appointment was part of its long-term succession plan.
MUMBAI, Oct 11- India's biggest property developer DLF Ltd was likely to suffer no material impact from accusations by anti-corruption activists of improper dealings, and the issue had been largely priced in to the stock, UBS said.
By Tony Munroe and Sumeet Chatterjee MUMBAI, Oct 11- India's Suzlon Energy Ltd. A total of $1.3 billion of convertible bonds are expected to come up for redemption in the October-December quarter, local brokerage Kotak Securities said in a report last month.
The Reserve Bank of India said on Thursday it accepted all 29 bids for 692.65 billion rupees at its one-day repo auction, through which it injects liquidity into the banking system. DATE APPLICATIONS APPLICATIONS FIXED RATE RECEIVED ACCEPTED.
TAIPEI, Oct 11- Taiwan stocks ended 1.85 percent lower on Thursday, underperforming other regional bourses and pulled down by heavyweights HTC. TSMC shed 1.84 percent, while Hon Hai tumbled 3.7 percent, though both reported rises in September sales. The Taiwan dollar was up by T $0.101 to trade at T $29.298.
SINGAPORE, Oct 11- Indian Bharat Petroleum Corp Ltd sold a naphtha cargo to Unipec for about $26 a tonne above Middle East quotes on a free-on-board basis, down by as much as a third on spot prices for two previous October cargoes, traders said on Thursday.
MELBOURNE, Oct 11- Australian shares fell 0.2 percent on Thursday, weighed by weakness in miners but paring steeper earlier losses after data showed a jump in jobs in September. Lynas Corp Ltd plunged 15 percent as it faced another delay in opening its rare earths plant in Malaysia.
The Reserve Bank of India may buy 1.2 trillion rupees of bonds in the second half of fiscal 2012/ 13, or 60 percent of the planned issuance, to offset incremental liquidity tightness, BarCap estimates. India's benchmark 5- year OIS is down 1 basis point at 6.96 percent.
MUMBAI, Oct 11- UBS said it expects limited impact on DLF Ltd's business following recent accusations by anti-corruption activists of improper dealings with the son-in-law of ruling Congress Party chief Sonia Gandhi and the northern state of Haryana.
Oct 11- Canadian miner Ivernia Inc said it expects to restart production its lead mine in Western Australia in the second quarter of 2013, nearly two years after it suspended operations on concerns about lead contamination.
Oct 11- The U.S. Department of Agriculture has raised its 2012/ 13 global ending stock forecast for cotton to record highs for a third consecutive month, sending prices down and reinforcing concerns about weakening demand from China, the world's largest textile market.
NEW YORK-- The McGraw-Hill Companies Inc. said Thursday that its Platts division is buying Swiss analytics firm Kingsman SA for an undisclosed price. Founded in 1990 and based in Lausanne, Switzerland, Kingsman employs analysts, researchers and report writers in several markets, including London, Montreal, New Delhi and Sao Paulo.
MUMBAI, Oct 11- Unitech shares rose as much as 5.6 percent on Thursday after the company said it has agreed to dispose of its shareholding in its mobile joint venture Uninor after reaching a settlement with partner Telenor. Unitech did not provide details of the settlement due to confidentiality obligations. Unitech shares were up 3.9 percent as of 0404 GMT.
MUMBAI, Oct 11- Shares in India's Suzlon Energy. About $221 million in dollar convertible bonds issued by Suzlon are due on Thursday. Suzlon shares were down 4.2 percent at 0359 GMT, compared to a 0.16 percent fall in the NSE index.
MUMBAI, Oct 11- Nomura downgraded Bharat Heavy Electricals Ltd to' reduce' from' neutral', saying a revival of new orders was "unlikely" and lower-than-expected coal supply could lead to order cancellations. Rising competition and falling utilisation could also impact margins, Nomura added.
MUMBAI, Oct 11- Goldman Sachs downgraded DLF. to' neutral' from' buy', saying slower approvals could result in fewer project launches, while cutting its pre-sale estimates for India's largest property developer. Goldman also removed DLF from its Asia-Pacific buy list and cut its 12- month target price to 224 rupees from 257 rupees.
MUMBAI, Oct 11- India's Suzlon Energy Ltd, the world's fifth-largest maker of wind turbines, was poised to default on redemption of about $221 million in overseas convertible bonds due on Thursday after bondholders rejected a four-month extension.
*Asian shares tracked Wall Street lower on Thursday as weak forecasts from U.S. corporate bellwethers underscored concern over global demand, particularly from China, and kept oil and other commodity prices under pressure.