South and Southeast Asia


  • By Katya Golubkova and Lidia Kelly. MOSCOW, Oct 2- Russian President Vladimir Putin said he was worried about rising inflation but stopped short of calling for curbs on grain exports to contain food prices after drought decimated this year's harvest.

  • *Qua Iboe valued at dated plus $2.30- $2.60. LONDON, Oct 2- Nigerian crude differentials held steady on Tuesday, below peaks reached last week during a buying spree led by Indian refiners, while remaining Angolan cargoes were expected to weaken. *Qua Iboe: Offered at dated plus $2.70 to $2.75 and considered more likely to trade between plus $2.30 and plus $2.60.

  • Oct 2- The following are the U.S. auto sales results for September reported by top-selling automakers so far on Tuesday. Auto Sales For September 2012. SOURCE: Autodata Corp and Reuters calculations.

  • US optimism buoys markets amid Spain bailout hopes Tuesday, 2 Oct 2012 | 10:15 AM ET

    LONDON-- Hopes that the U.S. economy is past its recent soft patch combined with optimism over a Spanish bailout request to shore up financial markets Tuesday. The monthly manufacturing survey from the Institute for Supply Management on Monday pointed to an improvement.

  • Video shows US journalist held in Syria Tuesday, 2 Oct 2012 | 10:11 AM ET

    BEIRUT-- An American freelance journalist who has been missing in Syria since mid-August has been shown in a video clip posted online, blindfolded and saying "Oh, Jesus" in a frightened voice in the custody of armed men. Tice, a 31- year-old former Marine, had been reporting on Syria's civil war for The Washington Post, McClatchy Newspapers and others.

  • Oct 2- LDK Solar Co Ltd said lenders to its controlling shareholder have agreed not to sell some loan-related collateral, including shares of the Chinese solar equipment maker, for 12 months.

  • Oct 2- John Wiley& Sons Inc, the publisher of the "For Dummies" books, said it will buy privately held online learning services company Deltak.edu LLC for $220 million to strengthen its business with higher education institutions.

  • LONDON, Oct 2- Barclays has promoted two of its top consumer banking bosses to its executive committee as the British bank's new boss puts more focus on traditional banking after criticism of its rapid growth in higher risk investment banking.

  • JAKARTA/ SINGAPORE, Oct 2- Indonesia's biggest coal firm Bumi Resources, facing a probe into its finances by London- listed Bumi Plc, a major shareholder, is considering selling mines and carrying out a rights issue to raise cash, officials said on Tuesday.

  • Iranian leader: `Psychological' blows hit currency Tuesday, 2 Oct 2012 | 9:47 AM ET

    TEHRAN, Iran-- President Mahmoud Ahmadinejad blamed the steep drop in Iran's currency Tuesday to "psychological pressures" linked to Western sanctions over Tehran's nuclear program. The U.S. and its allies have imposed the punishing measures to try to persuade Iran to negotiate over its nuclear program, which the West says is aimed at developing atomic weapons.

  • By Christopher Johnson and Alice Baghdjian. LONDON, Oct 2- Brent crude oil consolidated around $112 a barrel on Tuesday as investors weighed a weaker outlook for fuel demand and sluggish economic growth against the risk of possible supply disruptions.

  • JAKARTA/ SINGAPORE, Oct 2- Indonesia's biggest coal firm Bumi Resources, facing a probe into its finances by London- listed Bumi Plc, a major shareholder, is considering selling mines and carrying out a rights issue to raise cash, officials said on Tuesday.

  • Acuity Brands results miss Street Tuesday, 2 Oct 2012 | 9:40 AM ET

    Oct 2- Lighting fixture maker Acuity Brands Inc's. Net income fell to $33.3 million, or 78 cents per share, from $34.2 million, or 79 cents per share, a year earlier. Shares of the Atlanta, Georgia- based company touched a low of $58.57 in early trading on the New York Stock Exchange.

  • GENEVA, Oct 2- The United Nations human rights office called on Tuesday for the immediate release of prominent activists and journalists it said had been arrested or intimidated as part of an apparent clampdown on critical voices ahead of next year's presidential election.

  • SINGAPORE, Oct 2- Singapore's manufacturing sector contracted for a third consecutive month in September as new orders fell further, a business survey showed, bolstering the view the trade-dependent city-state likely slipped into recession in the third quarter.

  • US stock futures gain on latest positive data Tuesday, 2 Oct 2012 | 9:26 AM ET

    CoreLogic, a private real estate data provider, also said prices rose 0.3 percent in August from July, the sixth straight month of price gains. The CoreLogic report comes a day after the manufacturing survey from the Institute for Supply Management also pointed to an improvement.

  • Iraq signs deal to modernize major port in Basra Tuesday, 2 Oct 2012 | 9:24 AM ET

    BAGHDAD-- Iraq on Tuesday signed a $14 million deal with a U.S. consortium to modernize a major port in the country's southern province of Basra in a move aimed at developing key infrastructure neglected during years of war and sanctions.

  • DUBAI, Oct 2- Iran has been able to cope with Western economic sanctions and the central bank has supplied enough hard currency to finance imports even though the sanctions have cut Tehran's oil earnings, President Mahmoud Ahmadinejad said on Tuesday.

  • The Nasdaq Composite Index added 14.98 points, or 0.48 percent, to 3,128.51. **ARQULE INC $2.14, down 57.73 pct The biotechnology company and Japan's Daiichi Sankyo Co Ltd. **SIRIUS XM RADIO INC, $2.62, up 2 pct.

  • Oct 2- Cell Therapeutics Inc said U.S. health regulators granted orphan drug status to its brain cancer drug, sending the company's shares up 26 percent in premarket trading. It is estimated that there will be 10,000-12,000 new cases of GBM diagnosed in the United States this year alone, the company said, citing data from the National Cancer Institute.