Dariusz Kowalczyk, senior economist and strategist at Credit Agricole, says we should expect a better environment in Asia in the second half of the year thanks to decent PMI data for China and India.» Read More
*Telenor still needs local partner for new business* Spectrum auction set for November for new licences* Telenor has not yet decided to participate in new auction* Unitech-Telenor JV caught in controversial court case By Devidutta Tripathy and Victoria Klesty.
The world's largest specialty toy retailer said it would ship to more than 60 countries in north, south and central America, Asia and Europe. The firm said on Wednesday it will open toy departments in 24 Macy's stores this holiday season.
NEW DELHI, Oct 11- Top Indian telecoms carrier Bharti Airtel's tower unit could launch its planned initial public offering in 2012, subject to clearance from market regulators, a senior group executive said. "We are ready to go...," said Akhil Gupta, deputy group chief executive of Bharti Enterprises, the telecom carrier's parent company.
MUMBAI, Oct 11- Private equity arm of Standard Chartered Plc will invest $35 million in Indian visual entertainment services group Prime Focus Ltd at a maximum price of 53 rupees per share, the Indian firm said.
NEW DELHI, Oct 11- The Indian government raised price of the most used nitrogenous fertiliser urea by 50 rupees per tonne on Thursday, a government spokesman said. In 2011/ 12, urea consumption in India stood at 29 million tonnes compared to 28.2 million tonnes a year earlier.
Oct 11- Alaska Air Group Inc, parent company of Alaska Airlines, will order 50 Boeing Co 737 single-aisle jetliners on Thursday, the Wall Street Journal reported, citing two people familiar with the matter. The order is expected to include Boeing's current generation 737 aircraft and the updated 737 MAX-8 and MAX-9 jetliners, the daily said.
Shares in mobile phone operator Axiata Group Bhd dropped as much as 2.24 percent after the end of its domestic roaming agreement between its Malaysian unit Celcom and local peer U Mobile.
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.