The 80:20 import rule tying imports to exports was introduced last year to bring down inbound shipments and narrow the current account deficit.» Read More
----------PREVIOUS ITEMS Wipro founder Premji to invest $25 mln in restaurant chain- Economic Times---------- BNP Paribas, Srei Infra invest 2 bln rupees in JV- Economic Times---------- Mahindra gets 5,000 bookings for new SUV Quanto in 3 weeks- Economic Times----------.
----------PREVIOUS ITEMS BNP Paribas, Srei Infra invest 2 bln rupees in JV- Economic Times---------- Mahindra gets 5,000 bookings for new SUV Quanto in 3 weeks-Economic Times----------.
----------PREVIOUS ITEM Mahindra gets 5,000 bookings for new SUV Quanto in 3 weeks-Economic Times----------.
Note: Reuters has not verified these stories and does not vouch for their accuracy.
BANGKOK, Oct 12- Following are some company-related and market news which could have an impact on the local market. SE ASIA STOCKS- Global concerns weigh; late buying lifts Bangkok, Jakarta. >Bond prices gain as Europe worries continue.
TAIPEI, Oct 12- Taiwan stocks opened flat on Friday, steadying in line with other regional bourses but constrained by concerns over weak company earnings. The Taiwan dollar was up by T $0.162 to trade at T $29.270. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........
CANBERRA, Oct 12- Australian shares gained more than 0.2 percent on Friday morning, recovering from two sessions of losses, as a rebound in metal prices lifted index-heavy mining stocks. Global miner BHP Billiton Ltd gained 0.8 percent to A $33.50 and major rival Rio Tinto Ltd rose more than 1.6 percent to A $56.31.
BEIJING Oct 12- General Motors Co on Friday said that its minicar joint-venture producer in China appointed Ray Bierzynski as its executive vice president, to fill the position vacated by a manager who left the joint venture to work for Tata Motors.
TAIPEI, Oct 12- Following are news items and media reports that may affect the Taiwan stock market. >Sprint in talks on sale to Japan's Softbank. --Taiwan will open more sectors to foreign and mainland Chinese investment and relax investment rules in the hi-tech and other sectors to attract more money to the island.
-DBS Group, Southeast Asia's largest lender, has agreed to sell more than half of its stake in Bank of Philippine Islands. to Ayala Corp for S $757.3 million to boost its capital base.-- SEMBCORP INDUSTRIES LTD. -Budget carrier Tiger Airways said it appointed Ho Yuen Sang as the managing director of its Singapore operations.
-Berjaya Philippines Inc holds regular stockholders' meeting, Berjaya Manila Hotel, Eduque Street, Makati City, 9:00 a.m.. EVP and Zone Asia-Oceania-Africa managing director, and John Martin Miller, NestlÃ© Philippines chairman and CEO, Nestle Centre, Rockwell, Makati City, 2:00 p.m.. STOCKS TO WATCH- AYALA CORP.
SINGAPORE, Oct 12- U.S. crude rose towards $93 a barrel on Friday, supported by escalating tensions between Turkey and Syria and supply disruptions at North Sea oil fields. climbed 25 cents to $92.32 a barrel in early Asia trading, after gaining nearly a dollar the previous session.
CANBERRA, Oct 12- Australian shares are likely to open flat on Friday on mixed leads from Wall Street, holding below 14- month highs hit earlier this week, although a rebound in metal prices may help index-heavy mining stocks. *Local share price index futures. *New Zealand's benchmark NZX 50 index.
Oct 11- LinnCo LLC, an affiliate of oil and gas company Linn Energy LLC, priced its initial public offering at $36.50 each, raising about $1.10 billion, an underwriter said. LinnCo said it will use the proceeds to buy as many units from Linn Energy as the number of shares it sold in the IPO. Linn Energy, in turn, intends to use the proceeds to repay debt.
*Deal could lead to Sprint buying Clearwire- analysts. *Sprint, Clearwire soar in afternoon trade; MetroPCS down. The Japanese company might also be aiming to use Sprint as a vehicle to make a run at smaller Sprint peer MetroPCS Communications Inc, a two-step transaction that would potentially cost more than 2 trillion yen, according to a Nikkei report.
Mutual fund performance was strong overall in the third quarter. The Federal Reserve and central banks in other nations approved additional economic stimulus measures. Listed are average returns in various fund categories, as tracked by Lipper Inc..
BOSTON-- There's not much good news for investors. Even so, the Standard& Poor's 500 index climbed 5.8 percent in the latest quarter, while U.S. stock mutual funds returned an average 5.3 percent, according to fund tracker Lipper Inc..
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.
*USDA hikes global ending stocks for 3rd month. NEW YORK, Oct 11- Cotton futures in New York fell their most in three weeks on Thursday after the U.S. Department of Agriculture raised its 2012/ 13 global ending stocks forecast for the fiber to a record high for a third consecutive month.
Oct 11- Shutterstock Inc soared 34 percent in its market debut, valuing the company at more than $700 million, as investors bet on strong demand for the company's stock images from multimedia customers, especially online.