China's slowing growth would seem to point more economic stimulus from the government, but Beijing may not have options it used to.» Read More
HONG KONG, Oct 5- Malayan Banking Bhd, the country's largest lender, is seeking to raise up to $1.2 billion with a new share offer, capital markets news service IFR said on Friday.
LONDON, Oct 5- The fall in the Iranian rial over the past year is the result of Tehran's economic mismanagement and sanctions imposed over its disputed nuclear programme, U.S.
Oct 5- Clearwater Paper Corp, which makes paper napkins and packaging paper, said Chief Executive Gordon Jones will retire at the end of the year and Chief Operating Officer Linda Massman will take over. In May, hedge fund SAC Capital Advisors, which at the time held a 7 percent stake in the company, wrote to Jones that Clearwater Paper was "deeply undervalued".
The Reserve Bank of India said on Friday it accepted all 13 bids for 102.35 billion rupees at its three-day afternoon repo auction, through which it injects liquidity into the banking system. It also accepted all 16 bids for 202.30 billion rupees at its three-day reverse repo auction, through which it absorbs excess liquidity from the banking system.
*Turkey- Syria violence stokes supply concern. LONDON, Oct 5- Oil steadied above $112 per barrel on Friday after figures showed fewer people out of work in the United States, the world's biggest oil consumer. Brent futures was up a cent at $112.59 by 1242 GMT, having fallen over $1 a barrel in earlier trade to $111.48.
**ZYNGA INC, Thursday close $2.81, down 22.4 pct premarket. Brokerages lowered their price targets on Zynga's stock by up to $3 per share after the social-games maker slashed its 2012 outlook for the second time due to a decline in paying customers. Facebook, which derives over a tenth of its revenue from fees paid by Zynga, was also set to open lower as was Groupon.
*Europe Q3 cocoa grind seen falling by up to 20 pct. LONDON, Oct 5- Europe's economic crisis is nibbling away at demand for chocolate, the affordable treat once thought of as recession proof. Times are tough enough now that even the market for this modest luxury is struggling in Europe, analysts say.
SINGAPORE, Oct 5- The Asian naphtha price recovered on Friday and ended the week at a three-session high of $963 a tonne. Kuwait Petroleum Corp has sealed its December 2012 to November 2013 full-range naphtha contract for with at least one buyer at record premiums of $27 a tonne to Middle East quotes on a free-on-board basis.
MUMBAI, Oct 5- Indian shares fell on Friday, snapping a four-day rise, as profit-taking hit recent out-performers such as ICICI Bank, while sentiment was also hit after dozens of erroneous orders by a financial firm triggered a brief halt in the NSE index. The National Stock Exchange index.
*Turkey- Syria violence stokes supply concern. LONDON, Oct 5- Oil slid to around $112 per barrel on Friday as investors awaited data that is expected to show U.S. unemployment is on the rise, reinforcing concern that a fragile global economic recovery is still under threat. Brent futures fell more than $1 a barrel and by 1156 GMT were trading at $112.10, down 48 cents.
Oct 5- Clothing retailer Wet Seal Inc replaced four of its board members with Clinton Group nominees, ending months of attempts by the activist investor to take control of the board. Under the new team, Wet Seal has been trying to return to a fast-fashion model by maintaining light inventories to respond faster to new styles and trends.
*Iran will defeat "conspiracy" against the rial, aide says. DUBAI, Oct 5- Iran will defeat a "conspiracy" against its foreign currency and gold markets, an adviser to supreme leader Ayatollah Ali Khamenei said on Friday, as pressure mounts on authorities to deal with the rapid collapse of the rial.
MUMBAI, Oct 5- Indian banks' loans rose 16.4 percent in the two weeks to Sept. 21, compared with a 19.5 percent increase in the same period year ago, while deposits grew 13.7 percent versus 17.5 percent a year earlier, the Reserve Bank of India's weekly statistical supplement showed on Friday.
U.S. stock index futures pointed to a mixed open on Wall Street, with futures for the S&P 500 slipping by 0.1 percent, while the Dow Jones and Nasdaq 100 futures contracts rose around 0.1 percent. **ZYNGA INC, Thursday close $2.81, down 19.2 pct premarket.
SINGAPORE, Oct 5- Singapore introduced on Friday measures to prevent a bubble in its housing market and ensure more prudent lending by banks after property prices rose at a faster pace in the third quarter.
MUMBAI, Oct 5- India's foreign exchange reserves. rose to $294.81 billion as of Sept. 28 from $293.97 billion in the previous week, the central bank said in its weekly statistical supplement on Friday. Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund.
Oct 5- Struggling clothing retailer Wet Seal Inc. Clinton, which holds about 7 percent of the company, has argued that Wet Seal's management has made several mistakes in running the company, resulting in poor performance over the last five years. Shares of the Foothill Ranch, California based company closed at $3.14 on the Nasdaq on Thursday.
MUMBAI, Oct 5- Indian banks would reduce their interest rates if the Reserve Bank of India cuts its key lending rate at its mid-term policy review on Oct. 30, the chief of an Indian banks' body assured the central bank governor on Friday.
*Gold hits highest since Nov 2011; just shy of $1,800* Coming up: U.S. non-farm payrolls, Sept; 1230 GMT By Clare Hutchison.
COLOMBO, Oct 5- Sri Lankan stocks edged up on Friday, snapping a four-session falling streak, as investors picked up banking and hotel shares while the rupee edged up as banks sold dollars. The Colombo Stock Exchange's main index ended 0.31 percent, or 18.34 points, higher at 5,879.69, after coming off its lowest level since Sept. 19.