Eswar Prasad, Senior Professor of Trade Policy at Cornell University, discusses the improvement in ties between U.S. President Obama and Indian Prime Minister Modi.» Read More
SYDNEY, Oct 2- Australian shares rallied 1 percent to their highest close in five months after Australia's central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.
MUMBAI, Oct 2- India's Hero MotoCorp. two-wheeled vehicle sales: Sept 2012 Sept 2011 Pct change TOTAL SALES 404,787 549,625 -26.4. Note: Hero MotoCorp is the world's largest manufacturer of two-wheeled vehicles.
MOSCOW- The VTB Capital " RUSSIA CALLING!" MOSCOW- Russia's Deputy Agriculture Minister Ilya Shestakov holds a briefing. MOSCOW- Russia's monthly oil output and export and gas output data.
NEW DELHI, Oct 2- India's Kingfisher Airlines Ltd. Kingfisher, which is controlled by liquor baron Vijay Mallya and was once India's No. 2 carrier by domestic market share, has struggled with its $1.4 billion debt load. Shares in Kingfisher closed 4.95 percent down at 15.35 rupees Monday on the National Stock Exchange.
TAIPEI, Oct 2- Taiwan stocks closed up 0.56 percent on Tuesday, joining other Asian bourses in gains, with HTC Corp. The Taiwan dollar was up by T $0.122 to trade at T $29.280. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........
*MSCI Asia ex- Japan up 0.3 pct, Nikkei recovers from 3- week low. inched up 0.1 percent, suggesting a firm start on Wall Street, but financial spreadbetters expected London's FTSE 100.
The yield on Turkey's two-year benchmark bond. Markets in China, Hong Kong and India are closed for holidays on Tuesday. Turkey's Isbank said it signed an agreement to sell its 54 percent stake in Gemlik Liman, a port located near Istanbul.
MUMBAI, India-- Kingfisher Airlines has grounded flights for at least three days after a violent strike over unpaid wages at the cash-strapped Indian carrier. Chief executive Sanjay Aggarwal met with India's airline regulator Tuesday. Aggarwal said half of Kingfisher's employees received their salary for March 2012, though he forfeited his.
The country's largest fertilizer company, Mosaic, said weak demand from China and India weighed on its profits. Mosaic, Dupont and stocks of other companies in the materials industry fell. Shortly before noon, the Dow Jones industrial average was down 75 points at 13,439. Dupont led the Dow lower, sinking 1.8 percent, or 84 cents, to $49.52.
*Trial ended in August with victory for Apple on many claims. *Samsung files motion against Apple on iPhone 5. Oct 1- A U.S. court removed a temporary sales ban against Samsung Electronics Co Ltd's Galaxy Tab 10.1 won by Apple Inc in a patent dispute, allowing the South Korean company to sell the product in the United States.
*MSCI Asia ex- Japan up 0.3 pct, Nikkei recovers from 3- week low. Markets in China, Hong Kong and India are closed for holidays on Tuesday. The MSCI index of Asia-Pacific shares outside Japan.
STOCKS TO WATCH> The Indonesian Food and Beverage Association sees sales in 2013 will reach 760 trillion rupiah, up 6.5-7 percent from this year forecast of 710 trillion rupiah, said chairman Franky Sibarani.> Home appliance retailer PT Ace Hardware Tbk.
Oct 1- A U.S. court removed a sales ban against Samsung Electronics Co Ltd's Galaxy Tab 10.1 won by Apple Inc in a patent dispute, allowing the South Korean electronics maker to sell the product in the United States.
BANGKOK, Oct 2- Following are some company-related and market news which could have an impact on the local market. SE ASIA STOCKS-Most weak in light volume, Malaysia outperforms. STOCKS TO WATCH-- SANSIRI PCL.
MELBOURNE, Oct 2- Australian shares advanced 0.5 percent on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.
Oct 1- U.S. power producer Dynegy Inc, which counts billionaire financier Carl Icahn among its shareholders, said on Monday it has emerged from Chapter 11, less than a month after winning court approval for its bankruptcy plan.
SINGAPORE, Oct 2- U.S. crude eased closer to $92 a barrel on Tuesday, as concerns over the pace of economic recovery in the United States and the possibility of a recession in Europe weighed on investors. was down 14 cents at $92.34 a barrel by 2338 GMT, after settling up 29 cents at $92.48 on Monday.
TAIPEI, Oct 2- Taiwan stocks rose 0.36 percent on Tuesday, joining other Asian bourses in gains after an unexpected expansion in U.S. factory activity buoyed sentiment, with defensive plays such as transport. The Taiwan dollar was up by T $0.083 to trade at T $29.319. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........
*MSCI Asia ex- Japan steady, Nikkei opens up 0.3 pct. Markets in China, Hong Kong and India are closed for holidays on Tuesday. The MSCI index of Asia-Pacific shares outside Japan.
Oct 1- Dynegy Inc said on Monday that it has emerged from Chapter 11, less than a month after the power producer said it won court approval of its bankruptcy plan. Creditors of Dynegy Inc and its Dynegy Holdings LLC unit had voted overwhelmingly in favor of their joint bankruptcy reorganization plan.