Business News


  • China finance officials to skip Tokyo IMF meeting Tuesday, 9 Oct 2012 | 11:43 PM ET

    TOKYO-- China's central bank governor and finance minister won't be attending IMF and World Bank annual meetings in Tokyo this week, a Japanese official said Wednesday _ cancelations that come as the two Asian giants remain at odds over a cluster of tiny islands both claim.

  • MELBOURNE, Oct 10- Funds run by Goldman Sachs Group Inc agreed to swap debt for equity in CVC Capital Partners Ltd's Nine Entertainment as the beleaguered Australian television network scrambled to avoid going into receivership.

  • ULAN BATOR, Oct 10- Brow furrowed, eyes glaring and one foot striding forward, the bronze statue of Bolshevik revolutionary Vladimir Lenin at the heart of the Mongolian capital of Ulan Bator was once a potent symbol of the reach of the Soviet Union.

  • SINGAPORE, Oct 10- Shares of Thai Beverage PCL. Companies linked to Thai billionaire Charoen Sirivadhanabhakdi, including Thai Bev, own 33.5 percent of F&N and have launched an offer to buy all of the Singapore group.

  • 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 $40 a tonne to its own price formula on a free-on-board basis, reflecting a firm naphtha market, traders said on Wednesday.

  • For highlights of International Monetary Fund seminars and speeches on Wednesday featuring global monetary policymakers, click on.

  • NAGOYA, Oct 10- Boeing Co is on course to achieve a difficult production target for its fuel-efficient 787 Dreamliner jets, an executive said on Wednesday, after the company fell behind its initial delivery schedule due to development delays. Boeing now makes three and a half of the new carbon-composite jets a month.

  • Indian stocks to watch-Oct 10 Tuesday, 9 Oct 2012 | 11:28 PM ET

    S Treasury Secretary Tim Geithner, Fed Chairman Ben Bernanke will visit Mumbai. *Prime Minister Manmohan Singh to speak at International Energy ministers meeting in New Delhi. *World Steel Association's 2- day annual conference in New Delhi.

  • *Nifty futures on the Singapore Exchange. *A government panel recommended in a draft report on Tuesday that India should scrap a law that taxes asset transfers retrospectively, a move that could save Britain's Vodafone $2 billion.

  • Bangkok Dusit Medical falls after stake sale report Tuesday, 9 Oct 2012 | 11:21 PM ET

    BANGKOK, Oct 10- Shares in Thai hospital firm Bangkok Dusit Medical Services Pcl fell more than 4 percent on Wednesday after a report key shareholders were selling a combined 13.7 percent at a price lower than the market. By 0312 GMT, the shares were trading down 3.7 percent at 105.5 baht, after falling at one point to 104.5 baht.

  • *NATO says plans in place to defend Turkey from Syria. SINGAPORE, Oct 10- Brent crude slipped below $114 on Wednesday after a 2 percent jump 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.

  • The International Monetary Fund said on Wednesday that China's central bank governor will not lead the Chinese delegation at the IMF's semi-annual meeting this week, in what appeared to be a snub to host Japan.

  • Nikkei hits 2-month low on corporate earnings concerns Tuesday, 9 Oct 2012 | 11:19 PM ET

    TOKYO, Oct 10- Japan's Nikkei average fell to a two-month low on Wednesday on concerns that upcoming corporate earnings for the latest quarter would be hurt by sluggish global growth, as the IMF cut its forecasts for the second time since April.

  • Indian FX/debt factors to watch - Oct 10 Tuesday, 9 Oct 2012 | 11:13 PM ET

    *Asian shares fell on Wednesday, led by losses in technology and materials stocks after brokerage downgrades for top chip maker Intel Corp. *Oil prices jumped on Tuesday, snapping two sessions of losses, as escalating turmoil on the border of Turkey and Syria heightened concerns of a supply disruption in a tense Middle East.

  • *India plans to raise nearly $6 bln from stake sales by end-March. That choosiness comes at a bad time for India, which may struggle to hit its goal of raising nearly $6 billion from share sales in state companies by the end of March with investor demand for new shares expected to remain modest.

  • Oct 10- Moody's Investors Service has affirmed Oversea-Chinese Banking Corporation's ratings.

  • Taiwan's Ma pledges greater effort to fix economy Tuesday, 9 Oct 2012 | 11:02 PM ET

    TAIPEI, Taiwan-- Commemorating the founding of the Republic of China, Taiwan President Ma Ying- jeou has pledged greater efforts to fix the island's economy, now limping along at about a 2 percent annual growth rate. Over the past several months, Taiwan's high-tech economy has been battered by slowing demand in Europe, North America and China, its main export market.

  • MANILA, Oct 10- The Philippines is unlikely to hit its export growth target of 10 percent this year, with growth seen only reaching up to 7 percent due to slowing demand from its traditional markets, the trade secretary said on Wednesday.

  • *About $10 bln in renewables investment in Australia. *Australia renewable targets under review.

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