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South and Southeast Asia

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  • TEXT-S&P affirms Vedanta Resources 'BB' FC rating Monday, 1 Oct 2012 | 7:06 AM ET

    On Oct. 1, 2012, Standard& Poor's Ratings Services affirmed its' BB' long-term foreign currency corporate credit rating on oil and metals mining company Vedanta Resources PLC. Vedanta is listed in London, but most of its assets are in India.

  • The number of land disputes in Cambodia has exploded in recent years as the economy grows rapidly and companies move to exploit natural resources such as rubber, sugar, and minerals.

  • While Norwegian gas exports to continental Europe are supplied under long-term contracts that are linked to the oil price, Britain receives most of its Norwegian gas under hub market terms that are priced off Britain's National Balancing Point and have lesser binding supply obligations.

  • Cal-Maine posts improved 1st-qtr on higher pricing Monday, 1 Oct 2012 | 6:53 AM ET

    Oct 1- U.S. egg supplier Cal-Maine Foods Inc. Cal-Maine posted a first-quarter profit of $9.4 million, or 39 cents per share, up from $3.1 million, or $13 cents per share, a year earlier. Jackson, Mississippi- based Cal-Maine's shares closed at $44.94 on Friday on the Nasdaq.

  • JAKARTA, Oct 1- PT Bakrie& Brothers, the investment arm of Indonesia's Bakrie Group, and affiliate Long Haul Holdings have agreed with creditors a plan to repay $437 million of debt arranged by Credit Suisse, the firm said on Monday. The group's debt situation led to heavy stock selling earlier this year of Bumi Plc and Jakarta- listed miner Bumi Resources.

  • Oct 1- Magna International Inc, one of the world's biggest auto parts manufacturers, said it will buy Germany- based ixetic Verwaltungs GmbH for about 308 million euros to expand its engine and transmission pumps business. The company has two manufacturing facilities in Germany, and one each in Bulgaria and China.

  • UPDATE 3-Oil slips on weak global economies Monday, 1 Oct 2012 | 6:45 AM ET

    LONDON, Oct 1- Brent crude fell below $112 per barrel on Monday, reflecting investor concerns that a shaky global economy may hurt oil demand following fresh signs of weakness in China and Japan and evidence of a new recession in the debt-saddled euro zone.

  • SINGAPORE, Oct 1- Fuel oil arbitrage arrivals into Asia were expected to further depress the fuel oil market, as demand from China's small and medium sized refiners remained thin. As China's economy slows, demand for refined products has decreased due to slowing industrial demand for power generation fuels.

  • The bank named Tom Willett as head of mergers and acquisitions, Europe. Willett joins from the Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa. Murphy joins Barclays from HSBC, London, where he was a director in the project& export finance.

  • European markets rise but Spain downgrade looms Monday, 1 Oct 2012 | 6:43 AM ET

    LONDON-- European stocks edged higher on Monday as investors cautiously welcomed the result of stress tests of Spain's banks. But the threat that Moody's might downgrade the country's debt rating to junk status limited gains. Britain's FTSE 100 rose 1 percent to 5,800.63 while Spain's Ibex was up 0.6 percent at 7,752.10.

  • SINGAPORE, Oct 1- The Asian naphtha price was at a two-session low of $973 a tonne on Monday but margins were up for the fourth session to reach a three-week high of $134.43 a tonne as strong gasoline demand in the West continued to support the market. The strong gasoline demand in the U.S. and West Africa have likely caused Europe to cut back on its naphtha exports.

  • Oct 1- Tilaknagar Industries Ltd:. *India's Tilaknagar Industries Ltd says signed agreements with. Pernod Ricard India Private Ltd.

  • CVR Refining LP files for IPO of up to $300 mln Monday, 1 Oct 2012 | 6:40 AM ET

    Oct 1- CVR Refining LP, an associate of U.S. oil refiner CVR Energy Inc, filed with regulators to raise up to $300 million in an initial public offering of its common units. Following the offering, CVR Refining Holdings LLC, an indirect unit of CVR Energy, will own the general partner of CVR Refining.

  • BANGKOK, Oct 1- Southeast Asian stock markets ended mostly lower on Monday, tracking weak global equities and after a lacklustre session amid market holidays in Asia, but foreign buying pushed Malaysian shares to their highest in almost two weeks. Banking stocks gained due to optimism about third-quarter earnings, with Kasikornbank.

  • Oct 1- Bombardier Inc, the world's largest train maker, said it won a contract worth about 50 million euros to supply five double-deck trains to Deutsche Bahn AG.

  • Oct 1- Tata Motors Ltd's vehicle sales in September: Sept 2012 Sept 2011 Pct change Total sales 75,773-- -4 Domestic sales 70,332 72,566 -3 Passenger vehicles 21,652 26,319 -18 Nano 5,491 2,936 87 Exports 5,441 6,217 -12. NOTE: Tata Motors makes both commercial vehicles and passenger cars, including the ultra-cheap Nano.

  • Indonesia's Bakrie Group to repay $437 mln of debt Monday, 1 Oct 2012 | 6:21 AM ET

    JAKARTA, Oct 1- PT Bakrie& Brothers, the investment arm of Indonesia's Bakrie Group, and affiliate Long Haul Holdings have agreed with creditors a plan to repay $437 million of debt arranged by Credit Suisse, the firm said on Monday.

  • *Price to hold steady ahead of U.S. jobs numbers* Platinum firm; unrest in South Africa continues By Amanda Cooper. LONDON, Oct 1- Gold steadied just below one-week highs on Monday, after posting its strongest quarterly gain in over two years, and looked set to hold fairly firm ahead of a key U.S. report on employment later this week.

  • Ahead of the Bell: US Manufacturing Survey Monday, 1 Oct 2012 | 6:16 AM ET

    WASHINGTON-- U.S. manufacturing likely shrank in September for the fourth straight month, a troubling sign that growth will stay weak. Economists surveyed by FactSet forecast that the Institute for Supply Management's manufacturing index was unchanged at 49.6. Europe's financial crisis has plunged much of that region into recession.

  • Oct 1- Magna International Inc, one of the world's biggest auto parts manufacturers, said it will buy ixetic Verwaltungs GmbH for about 308 million euros.