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Timothy Wong, Managing Director and Regional Head at DBS Group Research tells CNBC's Cash Flow why the ASEAN markets are the place to be.
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BRUSSELS, May 8- Belgian grocer Delhaize is looking for a new chief executive after its boss of 14 years, who brought together a loose grouping of businesses and built them up in the United States and eastern Europe, said he was stepping down. "When he became CEO, Delhaize was a holding rather than an integrated group," KBC analyst Pascale Weber said of Beckers.
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*China net gold imports from Hong Kong hit record in March. SINGAPORE, May 8- Gold edged up on Wednesday, supported by demand from China and a tight physical market, but gains were capped by strong equities and a drop in bullion exchange-traded fund holdings to their lowest in four years.
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*Toyota met mid-term profit and margin goal in FY 2012/ 13. TOKYO, May 8- Toyota Motor Corp refuses to be tempted away from its low-risk growth strategy, even as the world's bestselling carmaker met its mid-term profit goals in the year ended March, aided by the weaker yen.
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SYDNEY, May 8- Australian shares rose 0.7 percent to their highest level in a week in early Wednesday trade, buoyed after Wall Street notched up record highs, helped by better-than-expected German industrial data.
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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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*Toyota likely met mid-term profit and margin goal in FY 2012/ 13. *Toyota not building new plants for three years By Yoko Kubota. TOKYO, May 8- Toyota Motor Corp refuses to be tempted away from its low-risk growth strategy, even as the world's bestselling carmaker is likely to show that it met its mid-term profit goals in the year ended March, aided by the weaker yen.
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*Toyota likely met mid-term profit and margin goal in FY 2012/ 13. *Toyota not building new plants for three years. TOKYO, May 8- Toyota Motor Corp refuses to be tempted away from its low-risk growth strategy, even as the world's bestselling carmaker is likely to show that it met its mid-term profit goals in the year ended March, aided by the weaker yen.
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BRUSSELS, May 7- Belgium's Solvay took a first step towards casting off its PVC business by agreeing a joint venture with privately-hold INEOS, which will ultimately take full control of the unit.
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Banks such as CIMB Group Holdings Bhd. and Malayan Banking Bhd led gainers in Malaysia, with the broader Kuala Lumpur's composite index ending up 1.4 percent at 1,776.73 after Monday's 3.4 percent jump.
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Fitch Ratings has assigned an expected rating to the asset-backed debentures to be issued by Eternal 6 Special Purpose Vehicle Co., Ltd. as follows:. THB2.97bn* Fixed Interest Rate Asset-Backed Debentures expected due 2016 and finally due 2018:' A- sf'; Outlook Stable.
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BANGKOK, May 7- Thailand's finance minister said on Tuesday the central bank had come up with measures aimed at holding down the baht, but he again urged that interest rates be cut and said the currency was too strong for the economy despite a retreat from 16- year highs.
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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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BANGKOK, May 7- Advanced Info Service Pcl, Thailand's top mobile phone operator, reported an 11 percent rise in quarterly net profit on Tuesday, mainly due to strong growth in non-voice and data services.
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BANGKOK, May 7- Thailand's benchmark SET index. was up 0.6 percent at 0437 GMT amid selective buying in large caps such as PTT Global Chemical Pcl. and Advanced Info Service Pcl ahead of their quarterly earnings later in the day.
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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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Citi Research upgraded CP All Pcl, Thailand's largest convenience store operator, to' buy' from' neutral' and raised its price target to 47.5 baht from 44 baht, citing its recent acquisition of wholesaler Siam Makro Pcl. The broker maintained a' sell' rating on Siam Makro with a price target of 640 baht.
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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.
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BANGKOK, May 7- Following is some company-related and market news that could affect the local market. SE ASIA STOCKS-Mostly up; Malaysia at record high after election. >Political risk box on Thailand.
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SYDNEY, May 7- Australian shares slipped 0.1 percent on Tuesday as investors remained cautious ahead of a central bank rate meeting later in the day and as financials dragged on the market, but strength in metals prices helped limit losses.