*China stocks surge at opening, settle up more than 2 pct. In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company, which in turn would be aided by a direct line of liquidity from the central bank. Oliver Barron, China policy research analyst at NSBO, said...» Read More
*Deutsche Bank gives Billabong fundamental valuation of 85 cents a share. SYDNEY, Oct 12- Private equity firm TPG has withdrawn its A $694 million takeover bid for Australian surfwear retailer Billabong International Ltd, a week after raising concerns while inspecting the books.
The company raised $637 million by pricing 22.75 million Class A shares, making it the largest tech IPO since Facebook.
WASHINGTON, Oct 11- Republican Mitt Romney would accelerate spending on new U.S. Navy warships, cut the Pentagon's civilian workforce and speed up development of new weapons systems if he wins the 2012 presidential election, two advisers said on Thursday.
ANCHORAGE, Alaska, Oct 11- An oil-spill barge that Royal Dutch Shell Plc needs to support drilling in Arctic waters has regulatory approval, even though it has come too late for this year's operations, officials from the U.S. Coast Guard and Shell said on Thursday.
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.
By Daniel Bases and Sam Forgione. NEW YORK, Oct. 11- U.S.-domiciled equity funds pulled in a modest $1 billion in the week ended Oct. 10, with much of the fresh cash moving into gold and energy exchange-traded funds, data from Thomson Reuters' Lipper service showed on Thursday. At the same time the broad-based equity ETFs such as State Street's SPDR S&P 500 ETF fund.
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.
NEW ORLEANS-- Louisiana- made films are being shown alongside the work of filmmakers from across the world at the New Orleans Film Festival, which opened Thursday night with a red-carpet showing of the Louisiana- shot thriller "The Paperboy."
SINGAPORE, Oct 12- U.S. crude rose towards $93 a barrel on Friday, supported by escalating tensions between Turkey and Syria and supply disruptions at North Sea oil fields. climbed 25 cents to $92.32 a barrel in early Asia trading, after gaining nearly a dollar the previous session.
*Workday says initial public offering of 22.8 mln class A common. shares priced at $28.00/ shr. *Source text* Further company coverage ().
CANBERRA, Oct 12- Australian shares inched up 0.1 percent early on Friday as a rebound in metal prices lifted index-heavy mining stocks. Global miner BHP Billiton Ltd gained 0.5 percent and major rival Rio Tinto Ltd rose more than 1 percent. New Zealand's benchmark NZX 50 index.
OTTAWA, Oct 11- Canada tentatively backed on Thursday the International Monetary Fund's call for giving debt-burdened Greece and Spain more time to reduce their budget deficits. "I think it's certainly worth considering," Finance Minister Jim Flaherty told reporters on a conference call from Tokyo when asked if he backed the IMF view.
Oct 11- Cloud-based human resources software company Workday Inc priced its initial public offering at $28 a share on Thursday, above its expected range, an underwriter said.
*0900 Harvest MSCI China A Index ETF. 10 Hill Top Road, Lo Wai, Tsuen Wan. -#1400 Aluminum Corporation of China Ltd.
TOKYO, Oct 12- Greece, Spain and the euro zone's slow progress toward debt reform take centre stage at IMF meetings on Friday despite Europe's best effort to remove itself from the spotlight.
TOKYO, Oct 12- Japan's Nikkei average is likely to rebound on Friday from its lowest close in more than two months, but concerns over the quarterly earnings season means the benchmark is still on track for a fourth straight week of losses. Mobile operator Softbank Corp will be in focus as it looks to buy roughly 70 percent of U.S. Sprint Nextel Corp.
CAIRO, Oct 11- EFG-Hermes Chairwoman Mona Zulficar said on Thursday that the firm expects Egypt's financial regulator to approve the creation of an investment bank with QInvest next week.
SAN FRANCISCO, Oct 11- Support among likely California voters for Governor Jerry Brown's tax measure on the November ballot has dipped below 50 percent for the first time as they learn more about it and advertising against it takes a toll, according to survey results released on Thursday.
NEW YORK, Oct 11- The National Arts Club was within its rights when it expelled its longtime president Aldon James after allegations that he cost the club more than $1.7 million by misusing its funds and assets, a New York appeals court ruled Thursday.
Argentina's government said the ruling violates international norms as well as rulings by judges in the U.S., Germany and France that found Argentine military vessels immune from the seizures.