Neelkanth Mishra, India equity strategist at Credit Suisse, says the boost in government spending will have a "meaningful and positive impact" in India's gross domestic product (GDP).» Read More
----------PREVIOUS ITEMS Ashok Leyland looking for partner to sell trucks in US- Economic Times---------- Reliance may freeze oil, gas spending due to price cap- Economic Times---------- Reliance Cap plans 10- bln-rupee realty fund- Economic Times----------.
*Nifty futures on the Singapore Exchange. *Markets in China and South Korea are closed for holidays on Wednesday. *The Asian Development Bank cut most of its 2012 and 2013 growth estimates for developing Asia on Wednesday as a slump in global demand weighs on the region's powerhouses China and India and on its export-dependent economies.
*The euro started trade on Wednesday slightly on the back foot after Spain dented hopes that it would soon ask for a bailout, while the Australian dollar threw a fit on prospects of more domestic interest rate cuts following Tuesday's easing.
Oct 3- Bajaj Auto Ltd September vehicle sales:. September 2012 September 2011 Pct Change TOTAL SALES 360,152 417,686 -14 MOTORCYCLE SALES 315,314 371,208 -15 EXPORTS 133,222 141,913 -6. NOTE: Bajaj Auto is India's No.2 motorcycle maker and the top producer of motorised three-wheeled rickshaws.
----------PREVIOUS ITEMS Reliance may freeze oil, gas spending due to price cap- Economic Times---------- Reliance Cap plans 10- bln-rupee realty fund- Economic Times----------.
----------PREVIOUS ITEM Reliance Cap plans 10- bln-rupee realty fund- Economic Times----------.
Note: Reuters has not verified these stories and does not vouch for their accuracy.
GLOBAL MARKETS-Dollar firms on uncertainty over Spain bailout timing. revised down its 2012 capital expenditure to around $165 million- $190 million from $300 million earlier, on concern over sluggish global coal industry, said finance director John Joseph Ramos, adding that the firm has delayed working on some infrastructure projects until the next year.
Oct 2- American Airlines pilots this week are expected to authorize their union to call a strike, but the union says it may decide to keep the vote secret for now.
*London, Dubai, Singapore and Houston under consideration. Oct 2- Seadrill Ltd, the world's biggest driller by market capitalisation, said it plans to replace CEO Alf Thorkildsen with the head of its Archer Ltd affiliate, and is looking to relocate management outside Norway.
MELBOURNE, Oct 3- Australian shares hit a 14 month-high on Wednesday as banks and broader stocks surged after the central bank cut interest rates and the local dollar weakened, enhancing export earnings. Top banks were all higher, led by National Australia Bank. "People are rethinking everything," said Macquarie Equities division director Lucinda Chan.
Oct 2- Amerigroup Corp said it has delayed a stockholder approval vote on the $4.5 billion sale of the health insurer to WellPoint Inc by two weeks after shareholders sued Amerigroup's board. Amerigroup has now scheduled the vote for Oct. 23, it said in a regulatory filing.
GLOBAL MARKETS-US stocks flat, euro up as Spain bailout in focus. >Wall St slips on Spain, earnings worries. >Euro hampered by Spain; AUD bruised by rate cut.
The ADB said growth in developing Asia, which includes giant emerging economies such as India, China and Indonesia, will slow to 6.1 percent this year from 7.2 percent last year and only partly rebound to 6.7 percent in 2013. It had previously forecast growth of 6.9 percent for 2012 and 7.3 percent for 2013. The forecasts don't include Japan, an advanced economy.
MANILA, Oct 3- The Asian Development Bank cut most of its 2012 and 2013 growth estimates for developing Asia on Wednesday as a slump in global demand weighs on the region's powerhouses China and India and on its export-dependent economies.
MANILA, Oct 3- The Asian Development Bank released its revised 2012 outlook for 45 economies in developing Asia, which spans the Pacific to Central Asia. Central Asia: Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, Uzbekistan. South Asia: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka.
TAIPEI, Oct 3- Taiwan stocks rose 0.11 percent on Wednesday, with LCD makers. AU Optronics advanced 1.41 percent, after a media report that it has received 50 percent more orders for Apple's iPad Mini after improving a light leakage problem. The Taiwan dollar was up by T $0.065 to trade at T $29.32.
GLOBAL MARKETS--US stocks flat, euro up as Spain bailout in focus. -San Miguel Brewery Inc to list 2017 Series D bonds for trading on the Philippine Dealing& Exchange Corp platform. -Ninth meeting of the Asia-Pacific Tax Forum, Makati Shangri-La Hotel, Makati City.
TAIPEI, Oct 3- Following are news items and media reports that may affect the Taiwan stock market. REUTERS HEADLINES> Google withdraws patent complaint against Apple. and Hon Hai in 2013.-- AU Optronics.
MELBOURNE, Oct 3- Australian shares rose 0.3 percent to a fresh five-month high on Wednesday, lifted by gains in top banks even as miners lost ground. was up 12 points at 4,444.7 by 0017 GMT, its highest since May 1. ()DIARIES& DATA: IPO diary& data Asia earnings diary U.S. earnings diary European diary Australia diary Wall Street Week Ahead Eurostocks Week Ahead.