As fashion houses look to Asia, CNBC investigates the latest designs at Singapore's fashion week.» Read More
KUALA LUMPUR, Oct 10- The founders of Malaysia's AirAsia Bhd, Tony Fernandes and Kamarudin Meranun, are set to kick off an initial public offering spree in 2013 with three listings worth more than $500 million.
*Newcrest Mining slips 1.3 percent as bullion weakens. MELBOURNE, Oct 10- Australian shares pulled back from 14- month highs on Wednesday as lower growth forecasts for China and other regional economies by the International Monetary Fund wiped off gains made by miners on higher iron ore prices.
*Weak economic outlook, stronger dollar depress oil* NATO says plans in place to defend Turkey from Syria* U.S. crude stockpiles forecast to rise 1 mln bbls- poll* Coming Up: API weekly oil inventories data; 2030 GMT By Florence Tan.
*Weak economic outlook, stronger dollar depress oil* NATO says plans in place to defend Turkey from Syria* U.S. crude stockpiles forecast to rise 1 mln bbls- poll* Coming up: API weekly oil inventories data at 2030 GMT By Florence Tan.
By Gyles Beckford and Cecile Lefort. WELLINGTON/ SYDNEY, Oct 10- The Australian and New Zealand dollars bounced on the euro on Wednesday and held off lows against the U.S. dollar, with a whopping sale of Australian long-dated bonds helping attract demand.
SINGAPORE/ BEIJING, Oct 10- Asia's top refiner, China's Sinopec, has started work to build Southeast Asia's largest oil storage terminal at the Batam free trade zone in Indonesia, the company and industry sources said, in an $850- million investment aimed to boost petroleum trading.
SINGAPORE, October 10 Fitch Ratings has assigned BOC Aviation Pte Ltd's USD500m 2.875% senior notes due 2017, issued under its USD2bn euro medium-term note programme, a final rating of' A-'. The notes are rated at the same level as BOC Aviation's' A-' Long-Term Issuer Default Rating.
MELBOURNE, Oct 10- Australian shares slipped 0.3 percent on Wednesday, pulling back from 14- month highs after the IMF cut its growth forecasts for a second time, sending shares around most of the region lower. climbed 6 percent to $117.20 a tonne, its highest since Aug. 1, according to data provider Steel Index, taking gains to 12.5 percent over the past two days.
BANGKOK-- Worries about Europe's debt crisis, signs of weak global growth and expectations of lower U.S. corporate earnings sent most Asian stock markets down Wednesday.
SINGAPORE, Oct 10- Indian Oil Corp has sold a naphtha cargo for Oct. 25-27 lifting from Dahej port to Glencore at premiums of about $31 a tonne to its own price formula on a free-on-board basis, reflecting a firm naphtha market, traders said on Wednesday.
SINGAPORE/ HONG KONG, Oct 10- Singapore has issued full banking licences to two Chinese lenders, moving it a step closer to getting a yuan-clearing bank that will let it compete more aggressively with Hong Kong in the growing market for yuan-denominated trades and financial products.
SINGAPORE, Oct 10- Commodities trader Trafigura said on Wednesday it has raised $1.24 billion via a syndicated revolving credit- and term-loan facility. The funds will be used for general corporate purposes, a company spokesperson said.
SINGAPORE, Oct 10- Chinese steel futures rose to two-month highs on Wednesday, driven by hopes of more stimulus measures from Beijing to aid a slowing economy and backing further gains in iron ore prices that have leapt by more than 12 percent in the past two days. The most briskly traded rebar contract for January delivery on the Shanghai Futures Exchange.
*NATO says plans in place to defend Turkey from Syria. SINGAPORE, Oct 10- Brent crude slipped near $114 on Wednesday after a jump of 2 percent the previous day, with a cloudy economic outlook offsetting fears about disruptions to Middle East oil supply as a conflict between Turkey and Syria escalated.
*WHAT: Singapore monetary policy statement. ,the world's 12th most-traded currency, has gained around 5.4 percent so far this year, helped by rising foreign investment in Singapore assets that are seen as a safe haven amid the turmoil in global financial markets.
11:49 STOCKS NEWS SINGAPORE- Maybank ups target price on Keppel Corp. Maybank Kim Eng raised its target price on rigbuilder Keppel Corp Ltd to S $13.30 from S $12.90, and kept its' buy' rating to reflect the higher share prices of some of its units such as Dyna-Mac Holdings Ltd. At 0221 GMT, Keppel shares were down 0.97 percent at S $11.23.
*Value of shipments lowest since December 2011. MANILA, Oct 10- The Philippine's annual exports fell by the most in eight months in August, casting doubt on the government's 2012 export growth goal and increasing the pressure on the central bank to ease policy further to support the trade-reliant economy.
SINGAPORE, Oct 10- Singapore conglomerate Fraser and Neave Ltd, the takeover target of a Thai tycoon, said it had rebuffed a S $1.4 billion bid for its hospitality and serviced residence business.
BANGKOK/ SINGAPORE, October 10 Fitch Ratings Limited says Thailand's economic performance has continued to show resilience to global shocks but slower regional growth and increasing leverage in the corporate and bank sectors will constrain ratings.
*Turkey warns Syria about cross-border shelling. Shelling along the Turkey- Syria border, hostility between Iran and the West and an impending Israeli election have reinforced fears about potential threats to oil supplies from the Middle East Gulf.