Some of the world's leading banks are slated for a £2 billion fine from U.K. regulators, following investigations into currency rigging.» Read More
WASHINGTON, Oct 11- The U.S. military could act pre-emptively if it detects an imminent threat of cyber attack, U.S. Defense Secretary Leon Panetta said on Thursday, urging stronger action to bolster America's defenses against such plots. He said a presidential executive order was being considered "while we wait for Congress to act."
Treasuries were supported on Friday with the benchmark 10- year yield staying near this week's low on concerns about corporate earnings and uncertainty over the U.S. presidential election. Yet Wall Street shares failed to recover from one-month lows on expectations of a weak earning season and uncertainty over November's U.S. election.
SEOUL, Oct 12- Seoul shares ticked up on Friday morning on signs of improving conditions in the U.S. job market and signs of some progress toward a resolution of the euro zone's debt troubles. This was in line with regional peers, with the index of Asia Pacific shares outside Japan up 0.4 percent.
JAKARTA, Oct 12- Following is some company-related and market news that could have an impact on the local market. SE ASIA STOCKS-Global concerns weigh; late buying lifts Bangkok, Jakarta.
*Europe wants more focus on U.S. fiscal woes* Germany: Europe is not the source of all problems* Mixed reviews on IMF call for slower budget cuts. TOKYO, Oct 12- Greece, Spain and the euro zone's slow progress toward debt reform took centre stage at IMF meetings on Friday despite Europe's best effort to remove itself from the spotlight.
*Territorial spat between Japan and China may hit sales. TOKYO, Oct 12- Japan's government downgraded its view of the economy for the third month in October as worries about Europe's debt crisis and China's slowdown intensified, adding risk to the growth outlook.
EADS boss Tom Enders has been accused of being "naive" for misunderstanding the nature of Berlin's political structure and failing to approach Germany directly over the group's proposed merger with BAE Systems.
BANGKOK, Oct 12- Following are some company-related and market news which could have an impact on the local market. SE ASIA STOCKS- Global concerns weigh; late buying lifts Bangkok, Jakarta. >Bond prices gain as Europe worries continue.
SYDNEY, Oct 12- Private equity firm TPG has withdrawn a A $694 million takeover bid for Australian surfwear retailer Billabong International Ltd, the second bidder to exit after inspecting its books, knocking the stock to a record low. The TPG withdrawal is a big negative for the stock, "said Stan Shamu, market strategist at IG Markets.
TAIPEI, Oct 12- Taiwan stocks opened flat on Friday, steadying in line with other regional bourses but constrained by concerns over weak company earnings. The Taiwan dollar was up by T $0.162 to trade at T $29.270. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........
SINGAPORE, Oct 12- Following is the text of the Monetary Authority of Singapore's October monetary policy statement. 2. The S$ NEER has appreciated towards the upper bound of the policy band over the last six months, reflecting positive risk sentiment arising from policy responses in the US and Europe.
CANBERRA, Oct 12- Australian shares gained more than 0.2 percent on Friday morning, recovering from two sessions of losses, as a rebound in metal prices lifted index-heavy mining stocks. Global miner BHP Billiton Ltd gained 0.8 percent to A $33.50 and major rival Rio Tinto Ltd rose more than 1.6 percent to A $56.31.
WELLINGTON/ SYDNEY, Oct 12- The Australian and New Zealand dollars inched higher on Friday after Singapore's central bank surprised markets by sounding more upbeat on its economy than many had feared, and skipped a chance to ease policy. *The decision by the MAS lifted the Singapore dollar while knocking the U.S. dollar down across the board.
TAIPEI, Oct 12- Following are news items and media reports that may affect the Taiwan stock market. >Sprint in talks on sale to Japan's Softbank. --Taiwan will open more sectors to foreign and mainland Chinese investment and relax investment rules in the hi-tech and other sectors to attract more money to the island.
-DBS Group, Southeast Asia's largest lender, has agreed to sell more than half of its stake in Bank of Philippine Islands. to Ayala Corp for S $757.3 million to boost its capital base.-- SEMBCORP INDUSTRIES LTD. -Budget carrier Tiger Airways said it appointed Ho Yuen Sang as the managing director of its Singapore operations.
WASHINGTON, Oct 11- The number of Americans filing new claims for jobless benefits slid last week to the lowest level in more than four and a half years, according to government data that may provide a boost to President Barack Obama a month before voters go to the polls.
-Berjaya Philippines Inc holds regular stockholders' meeting, Berjaya Manila Hotel, Eduque Street, Makati City, 9:00 a.m.. EVP and Zone Asia-Oceania-Africa managing director, and John Martin Miller, NestlÃ© Philippines chairman and CEO, Nestle Centre, Rockwell, Makati City, 2:00 p.m.. STOCKS TO WATCH- AYALA CORP.
Oct 12- Younger women who are thrust into menopause because of breast cancer treatment may get some relief from talk therapy and regular exercise, according to a study from the Netherlands.
Financial Times Headlines BUMI SHARES LEAP AS BAKRIES PROPOSE SPLIT- CLARKE GETS ROLE AS TRADE' ROCKET BOOSTER'- GEITHNER HAS PHONE FRIEND AT BLACKROCK- AZERBAIJAN ATTACKS BP FOR MISSING TARGETS- COCA-COLA HELLENIC TO QUIT GREECE- SOFTBANK IN TALKS TO TAKE CONTROL OF SPRINT- SCHAUBLE AND LAGARDE CLASH OVER AUSTERITY- OIL GROUPS SET TO EXPORT US CRUDE- UK URGED TO LEARN CANADA BORROWING LESSONS- Overview BUMI SHARES LEAP AS BAKRIES PROPOSE SPLIT.
SEOUL, Oct 11- Seoul shares are likely to rise on Friday after a U.S. court overturned a sales ban on Samsung Electronic' s. A U.S. appeals court overturned a sales ban against Samsung Electronics Co Ltd's Galaxy Nexus smartphone, dealing a setback to Apple Inc. 118.58 1.00% 1.17-------------------------------------------------------------> Wall St flat as Apple cuts jobs data gains.