Lowe's Earnings Fall Short of Estimates; Shares Slide
Taiwan
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The new strain of avian influenza that has infected more than 100 people in China, been reported outside mainland China.
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SE ASIA STOCKS-Malaysia up on post election rally; Thai SET index hits 1,600 STOCKS TO WATCH-- WILMAR INTERNATIONAL LTD. -Singapore palm oil firm Wilmar posted a net profit of $315.4 million in the first quarter, up 23.3 percent from a year earlier.
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Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market. *Fraser& Neave Holdings Bhd press conference on first half financial results, Level 1, Training Room, No 3, Jalan Metro Pudu 1, Fraser Business Park, Off Jalan Yew, Kuala Lumpur at 10 am.
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SYDNEY, May 8- Australian shares are set to open firmer on Wednesday after a cut in local interest rates and a rise on Wall Street on upbeat German economic data, while investors will watch for trade data from China.
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BEIJING, May 8- China's trade data on Wednesday is expected to underline concerns about the pace of a U.S. recovery and recession in Europe and that economic growth in the world's second-biggest economy is struggling to pick up.
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BEIJING, May 8- China's trade data on Wednesday is expected to underline concerns about the pace of a U.S. recovery and recession in Europe and that economic growth in the world's second-biggest economy is struggling to pick up. China's imports were seen rising 13.9 percent in April from a year earlier, compared to a rise of 14.1 percent in March.
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*Ranbaxy earnings may beat estimates-StarMine. Foreign funds have bought a net $680 million of Indian stocks in the three sessions to May 3, taking the 2013 net buying to a total of $12.17 billion, regulatory data shows.
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*Ranbaxy earnings may beat estimates-StarMine. Foreign funds have bought a net $680 million of Indian stocks in the three sessions to May 3, taking the 2013 net buying to a total of $12.17 billion, regulatory data shows.
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TAIPEI, May 7- Taiwan's Acer Inc, the world's No.4 PC vendor, returned to the black in the first quarter, reporting a better-than-expected net profit of T $515 million on Tuesday. Thirteen analysts polled by Thomson Reuters I/B/E/S had forecast a median profit of T $195.6 million for the quarter. The company will hold an investor conference on Wednesday at 0600 GMT.
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By Faith Hung and Jeanny Kao. TAIPEI, May 7- Taiwan's exports shrank unexpectedly in April as sales to China and Europe sputtered, underscoring increasing fragility in global demand, especially for the island's high-tech products.
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TAIPEI, May 7- Taiwan's exports shrank unexpectedly in April as sales to China and Europe sputtered, underscoring increasing fragility in global demand, especially for the island's high-tech products.
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TAIPEI, May 7- Taiwan's exports shrank unexpectedly in April as sales to China and Europe sputtered, underscoring increasing fragility in global demand, especially for the island's high-tech products.
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TAIPEI, May 7- Taiwan's exports, imports and trade balance for April, released by the Ministry of Finance on Tuesday.
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TAIPEI, May 7- The table below shows the daily net trading in Taiwan stocks by three major categories of institutional investors, in millions of Taiwan dollars. A negative figure indicates net selling.
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BRUSSELS, May 7- Belgian chemicals and plastics maker Solvay plans to exit its European PVC business through the formation of a joint venture with chemicals peer INEOS and the subsequent full sale of operations in four to six years.
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SYDNEY, May 7- Australian shares ended 0.2 percent lower on Tuesday after the central bank decided to cut rates, spurring a modest recovery in financials from the day's lows, while New Zealand's benchmark index hit a record closing high.
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SYDNEY, May 7- Australian shares ended 0.2 percent lower on Tuesday after the central bank decided to cut rates, spurring a modest recovery in financials from the day's lows.
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JAKARTA/ TAIPEI/ SINGAPORE, May 07 Fitch Ratings has assigned Indonesia- based PT Astra Sedaya Finance a National Long-Term rating of' AAA' with a Stable Outlook. ASF's rating reflects Fitch's expectation of continued strong support and commitment from its majority shareholder, PT Astra Internasional Tbk.
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TAIPEI, May 7- Taiwan stocks ended flat on Tuesday, hovering at a 21- month closing high, with smartphone maker HTC. The Taiwan dollar rose T $0.091 to stand at T $29.535 to the U.S. dollar. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........
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ZURICH, May 7- Swiss stocks were expected to open little changed on Tuesday as other European share markets were indicated slightly firmer but Asian stocks were capped by weak global growth data. The Swiss blue-chip SMI was seen flat at 7,928 points, according to premarket indications from bank Julius Baer.
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SYDNEY, May 7- Australian shares fell 0.5 percent in later morning trade on Tuesday, dragged down by financials as investors adopted a cautious stance ahead of the outcome of the central bank's rate-setting meeting later in the day. Top lender the Commonwealth Bank of Australia.