South and Southeast Asia


  • TAIPEI/ SINGAPORE, October 09 Fitch Ratings has affirmed Taiwan- based Taichung Commercial Bank's ratings, including Long-Term Issuer Default Ratings at' BB+' with Stable Outlook. A full rating breakdown is detailed below.

  • Faber Group looks the most attractive on valuations among eight stocks in Malaysia's healthcare sector tracked by at least three analysts, data from Thomson Reuters StarMine shows.

  • ISLAMABAD Oct 9- A brain-eating amoeba has killed at least 10 people in Pakistan's most populous city since May, a World Health Organization official said on Tuesday. The 10 confirmed cases have all occurred in the southern port city of Karachi, said Dr Musa Khan, head of the WHO's Disease Early Warning System in Pakistan.

  • The Reserve Bank of India said on Tuesday it accepted all 26 bids for 652.95 billion rupees at its one-day repo auction, through which it injects liquidity into the banking system. DATE APPLICATIONS APPLICATIONS FIXED RATE RECEIVED ACCEPTED.

  • US economic officials meet top Indians Tuesday, 9 Oct 2012 | 2:13 AM ET

    Treasury Secretary Timothy Geithner was meeting Tuesday with Indian Finance Minister Palaniappan Chidambaram in New Delhi to discuss ways to improve economic ties between their two countries. Last month, the Cabinet agreed to allow foreign retail giants, such as U.S.-based Wal-Mart, into the Indian market.

  • STOCKS NEWS VIETNAM-Index rises on technical buying Tuesday, 9 Oct 2012 | 1:56 AM ET

    "It is just technical buying from investors when the market stayed near support levels while there is lack of sell orders," said Lai Duc Long, a broker at Phu Hung Securities, adding there was no supportive news. Investors were buying shares of major companies in the oil and gas sectors such as Petrovietnam Finance Corp and Petrovietnam Construction.

  • The International Monetary Fund’s (IMF) sharp downgrade of its growth outlook for India sparked concerns over the future direction of Asia’s third largest economy, with one expert saying a hard landing could be on the cards.

  • Oil prices rebound on jitters about supplies Tuesday, 9 Oct 2012 | 1:49 AM ET

    Oil prices appeared set for a modest rebound Tuesday after three days of losses, rising nearer to $90 a barrel on supply concerns due to the Syrian conflict and delays in shipments of North Sea oil. By early afternoon in Europe, benchmark crude for November delivery was up 50 cents to $89.83 a barrel in electronic trading on the New York Mercantile Exchange.

  • UK Stocks-Factors to watch on Oct. 9 Tuesday, 9 Oct 2012 | 1:49 AM ET

    *Britain's FTSE 100 index is seen opening 14 to 16 points higher, or up 0.3 percent, according to financial bookmakers. *British retail sales posted a solid rise last month as Britons splashed out on sturdy shoes and warm clothes, the British Retail Consortium said on Tuesday, raising the chances of a more lasting economic recovery.

  • Iron ore rally lifts Australia shares to 14-mth high Tuesday, 9 Oct 2012 | 1:49 AM ET

    MELBOURNE, Oct 9- Australian shares climbed 0.5 percent to a fresh 14- month high on Tuesday, with miners boosted by a jump in iron ore prices that helped offset concerns about global economic growth. No. 3 iron ore miner Fortescue Metals Group. rose 3.6 percent and Northern Iron.

  • HONG KONG, Oct 9- Hong Kong- based Ardon Maroon Fund Management, run by former Wall Street bank executives, has launched an Asia- focused hedge fund with seed capital from a European family office, a company document showed, aiming to profit from events such as mergers and restructurings.

  • Taiwan stocks end down; HTC limit-down Tuesday, 9 Oct 2012 | 1:36 AM ET

    TAIPEI, Oct 9- Taiwan stocks ended down 0.31 percent on Tuesday, with HTC. limit-down after posting a 79 percent fall in net profit in the third quarter, missing forecasts. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........

  • SYDNEY, Oct 9- Two scions of Malaysia's Genting gaming empire inked a deal on Tuesday to gain control of listed Australian wagering group Two Way Ltd as they seek to build their own casino and leisure business in southeast Asia.

  • TOKYO, Oct 9- Asian shares rose on Tuesday but gains were moderated by concerns over global growth prospects, especially in the world's second-biggest economy China, and expected weak U.S. corporate earnings. The MSCI index of Asia-Pacific shares outside Japan. added 0.5 percent, pulled higher by Hong Kong and China shares which rose 1.1 percent.

  • *Firmer China steel prices, restocking lift iron ore. SINGAPORE, Oct 9- Spot iron ore prices climbed to their highest in almost two months on Tuesday as steel mills from top buyer China snapped up cargoes to replenish stockpiles, encouraged by higher steel prices which also hit their loftiest since August.

  • African Markets - Factors to watch on Oct 9 Tuesday, 9 Oct 2012 | 1:19 AM ET

    NAIROBI, Oct 9- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. BOTSWANA- Bank of Botswana is due to auction 14- day Treasury bills. *South Africa's local government workers' union said on Monday it would.

  • TNK Vietnam says starts Vietnam gas production Tuesday, 9 Oct 2012 | 1:16 AM ET

    HANOI, Oct 9- TNK Vietnam, a subsidiary of Russia's third-largest oil producer TNK-BP, said on Tuesday it has started gas production at the Lan Do field off Vietnam's coast. Production began on Sunday at the field, 28 kilometres east of Lan Tay Platform in Block 06.1, the company said in a statement.

  • Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.

  • SINGAPORE, Oct 9- An ethnic Chinese Singapore trade union executive was sacked after she posted expletives-laden comments about Malay weddings on Facebook, remarks so offensive they prompted the prime minister and other politicians to complain.

  • Singapore shares were little changed, with several brokers saying they continue to favour oil and gas stocks such as Ezion Holdings Ltd as oil prices are expected to remain favourable for exploration and production activities. Its picks are oil and gas stocks such as Sembcorp Marine Ltd, ASL Marine Holdings Ltd, STX OSV Holdings Ltd and Ezion.