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NEW DELHI, Oct 3- India's Kingfisher Airlines Ltd, which has cancelled all flights through Thursday, faces a potentially prolonged shutdown until the cash-strapped carrier clears a salary backlog going back months. Kingfisher has debt of $1.4 billion, owed mostly to government-controlled banks including State Bank of India, the country's top lender.
CLSA Asia Pacific Markets sees a further downside risk to consensus earnings estimates in the Indonesian coal sector and advises investors to remain underweight and avoid chasing momentum. "Despite market optimism, Newcastle thermal benchmark coal prices have trended down to $84/ tonnes.
HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The government, which owns 13.5 percent of Nordea's shares, has been clear it wants to sell its stake and has a mandate from the parliament. It already sold 6.3 percent of Nordea shares in February 2011.
MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and the local dollar weakened, enhancing export prospects.
Shares in CP All Pcl, Thailand's largest convenience store chain, hit their highest in more than four months on hopes of strong fourth-quarter earnings and the stock's attractive valuation. At the mid session break of 0530 GMT, CP All shares were up 3.45 percent at 37.5 baht, their highest since May 14.
Oct 3- British soft drinks group Britvic and Irn-Bru maker AG Barr said the takeover panel had agreed to extend "the put up or shut up" deadline on their 1.3 billion pound merger. The deadline, which was due to expire on Wednesday, has now been extended to Oct. 31.
WELLINGTON/ SYDNEY, Oct 3- The Australian dollar slumped on Wednesday as a shock widening in the country's trade deficit stoked speculation of more cuts in domestic interest rates, driving bond yields to two-month lows. The Australian dollar skidded to $1.0206, its lowest since Sept 6, having easily knocked out options at $1.0250.
*China official services PMI slows. *China, South Korea on holidays. TOKYO, Oct 3- The dollar firmed while most riskier assets fell on Wednesday as data from China and Australia deepened gloom about the global economic outlook, further reducing risk appetite already hurt by uncertainty about the timing of Spain's request for a bailout.
HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The Oslo- listed oil driller said it plans to replace Chief Executive Alf Thorkildsen with Fredrik Halvorsen, the head of its Archer affiliate, and is looking to relocate management outside Norway.
*The parent company of T-Mobile USA, the struggling cellphone service provider, is in talks to buy MetroPCS Communications Inc as it fights to compete against two bigger rivals.
The Reserve Bank of India said on Wednesday, it accepted all 6 bids for 139.3 billion rupees at its one-day repo auction, through which it injects liquidity into the banking system. DATE APPLICATIONS APPLICATIONS FIXED RATE RECEIVED ACCEPTED.
MOSCOW, Oct 3- Here are events and news stories that could move Russian markets on Wednesday. EVENTS: MOSCOW- Russia Calling VTB Capital investment conference. MOSCOW- Press conference by Aeroflot Chief Executive Vitaly Savelyev and SAP executives.
CHENNAI, Oct 3- India's June quarter current account deficit is still outside the comfort zone, the Reserve Bank of India's deputy governor Subir Gokarn said.
SINGAPORE, Oct 3- Asia's naphtha market erased gains on Wednesday, as petrochemical makers stayed on the sidelines over concerns about a slower economy. The prompt October/November inter-month spread slipped a dollar to a three-session low of $9.00 a tonne in backwardation, according to Reuters data.
TAIPEI, Oct 3- Taiwan stocks ended down 0.44 percenton Wednesday, dragged lower by defensive plays such as paper. The Taiwan dollar was up by T $0.065 to trade at T $29.32. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........
MANILA, Oct 3- Philippine annual inflation probably stayed close to 4 percent in September due to higher food costs, but the pace is unlikely to reduce the central bank's ability to cut interest rates, with the overall price outlook still favourable. "We are not unduly worried about inflation," said Eugene Leow, an economist at DBS in Singapore.
Express Transindo, part of Indonesian conglomerate Rajawali Group, manages 6,002 regular and 43 premium cabs, which operate in Java and Bali islands.
BANGKOK-- Asian stocks flattened out Wednesday as skittish investors waited for a key U.S. jobs report later in the week that will signal whether the world's largest economy is on the mend. The U.S. Labor Department will release employment data for September on Friday.
Shares in TPI Polene Pcl rose 6.8 percent to 14.1 baht, climbing at one point to 14.5 baht, their highest since May 3, following positive management guidance on cement prices.
JAKARTA, Indonesia-- More than 2 million factory workers went on a one-day strike across Indonesia on Wednesday to demand better benefits and protest the hiring of contract workers, union officials said.