Nazri Khan, Head of Retail Research at Affin Investment Bank, expects Malaysian stocks to continue their steady rally.» Read More
BEIJING, Sept 4- China and its Asian neighbours should strengthen financial ties to head off risks stemming from any U.S. tapering of its stimulus programme, China's deputy central bank governor, Yi Gang, said on Wednesday. He made the remarks at a China-ASEAN financial forum held in southern China.
HONG KONG, Sept 4- Asian stocks broke a four-day winning streak on Wednesday while safe-haven bets such as gold consolidated overnight gains as U.S. lawmakers' growing support for military action against Syria sapped investor demand for riskier assets.
*Obama gains key backing for strike against Syria. HONG KONG, Sept 4- Asian stocks snapped a four-day winning streak on Wednesday and safe assets like gold consolidated chunky overnight gains after President Barack Obama clinched the backing of two key figures in Congress in his drive for limited U.S. strikes on Syria.
NEW DELHI, Aug 30- India is seeking support from other emerging market countries for coordinated intervention in offshore foreign exchange markets after a currency rout the past three months, but at least one critical partner, Brazil, said it is not involved in such planning at this time.
PARIS, Aug 30- Danone said it expects to meet group sales targets in the third quarter as well as growth and margin forecasts for 2013 despite a product recall in Asia having a "significant impact" on baby nutrition sales.
NEW DELHI, Aug 30- India is liaising with other emerging-economy countries on a plan to co-ordinate intervention in offshore currency markets blamed for fuelling a currency rout over the past three months, a senior Indian finance ministry official said on Friday. Brazil and India can start the move. "
*Premiums seen falling further as China supplies rise. Fewer shipments into China would mean more supply on the international markets, which could blunt a rebound in prices. Chinese importers have queued up to take LME stocks of copper bought in June, when price differentials between Shanghai and London were favourable for imports.
MUMBAI, Aug 30- The Indian rupee's crash has swept away banker Nupur Sood's dream of a holiday in Venice: instead the 35- year-old will settle for cold beers on the beaches of Goa on India's west coast.
WELLINGTON/ SHANGHAI, Aug 30- However much China and other big customers strive to rely less on Fonterra after a global food contamination scare this month- now downscaled to a' false alarm'- the New Zealand firm's grip on the global dairy trade is unlikely to be loosened.
PARIS, Aug 29- Carrefour, the world's second-largest retailer, reported a 4.9 percent rise in first-half recurring operating profit as a sharp improvement in earnings at its core French business offset weakness in Spain, Italy and Asia.
LAUNCESTON, Australia, Aug 28- The worst may be over for Asian natural rubber prices as stronger economic growth in China and globally boosts demand for vehicle tyres, but there are still risks to calling for a sustained price rally.
RIO DE JANEIRO/ KUALA LUMPUR, Aug 27- Shares of OGX Petróleo e Gas Participações SA slid 14.8 percent on Tuesday as the troubled oil producer abandoned its plan to purchase several oil exploration licenses and its venture with the Malaysian state oil company appeared to be in serious trouble.
JAKARTA, Aug 28- From a tumbling currency to a crippling current-account shortfall, slowing economic growth, high inflation and retreating investors, Indonesia's stature as emerging-market superstar is under siege.
RIO DE JANEIRO/ KUALA LUMPUR, Aug 27- Shares of OGX Petróleo e Gas Participações SA fell on Tuesday as the troubled oil producer abandoned the purchase of several oil exploration licenses and a venture with Malaysia's Petroliam Nasional Bhd appeared to be in serious trouble.
RIO DE JANEIRO/ KUALA LUMPUR, Aug 27- Shares in OGX Petróleo e Gas Participações SA fell for the first day in eight on Tuesday as the troubled oil producer abandoned the purchase of several oil exploration licenses and a venture with Malaysia's Petroliam Nasional Bhd seemed at serious risk.
RIO DE JANEIRO/ KUALA LUMPUR, Aug 27- Petroliam Nasional Bhd, the Malaysian state oil company, said a final agreement to buy a stake in an oil field owned by Brazil's OGX Petróleo e Gas Participações SA is being held up by the completion of OGX's debt restructuring plan.
*Rupee hits record low of 66.30/ dollar. MUMBAI/ NEW DELHI, Aug 27- India's rupee hit a record low and posted its biggest percentage fall in 18 years on Tuesday as parliament's approval of a $20 billion plan to provide cheap grain to the poor renewed doubts about government resolve to control spending ahead of elections due next year.
*Iraq improves terms for Nasiriya oil, refinery project. *Iraq blames Shell for Majnoon delay; Shell cites safety focus. BAGHDAD/ LONDON, Aug 27- Iraq has offered investors more lucrative terms to tap a large oilfield and build a refinery, while blaming Royal Dutch Shell for underproducing billions of dollars' worth of crude.
*Rupee hits record low of 66.30/ dollar. MUMBAI/ NEW DELHI, Aug 27- The Indian rupee hit a record low and posted its biggest percentage fall in 18 years on Tuesday after parliament's approval of a $20 billion plan to provide cheap grain to the poor renewed doubts about government resolve to control spending ahead of elections due next year.
LONDON, Aug 27- Emerging currency losses deepened on Tuesday, pushing Turkey's lira to a fresh record low against the dollar as fears of Western military action against Syria added to the flight from riskier assets. Turkey would be in the frontline if military attacks are launched on Syria.