*Libya oil production rises to 500,000 barrels per day. SINGAPORE, July 25- Brent crude held steady above $107 a barrel on Friday, on track to end the week flat as tensions in oil producing regions supported prices against weak demand and plentiful supplies.» Read More
SEOUL, Oct 11- South Korea's central bank cut interest rates for the second time in four months on Thursday, as expected, to nurture Asia's fourth-largest economy through a global slowdown. The following is a chronology of the Bank of Korea's main policy rate changes since it began setting the policy rate target in May 1999:.
*ING's first deal in Asia asset sell-off. HONG KONG/ AMSTERDAM, Oct 11- Pan Asian insurer AIA Group Ltd has agreed to buy ING's Malaysian insurance operations for $1.73 billion in cash, handing the Dutch financial services firm its first deal in a nine-month drive to sell off Asian assets.
TOKYO, Oct 11- The IMF prodded the world's rich countries for swifter action on Thursday as Europe's debt crisis drags on while the United States and Japan show scant progress handling their budget deficits.
*Update on acquisition of 40% of global group Australia. *Completion of acquisition of 40% of global group Australia pty limited is. expected to occur on October 17 2012.
SEOUL, Oct 11- South Korea's central bank cut interest rates for the second time in four months on Thursday, as expected, to nurture Asia's fourth-largest economy through a global slowdown. The Bank of Korea's monetary policy committee cut its base rate by 25 basis points to 2.75 percent, a media official said without elaborating.
*BOJ board agreed recovery delayed "considerably"- minutes. TOKYO, Oct 11- Signs of considerable delay in Japan's economic recovery and weakening prices drove Bank of Japan policymakers into expanding monetary stimulus last month with some suggesting buying more risk assets or seeking ways to influence currency moves, minutes of the meeting showed.
WAL-MART'S MESSAGE: Wal-Mart executives told analysts that they expect the retailer to keep the growing coming even as it becomes more disciplined in its spending on new stores.
*The Churchill Corporation provides business update. *Says on September 26, the corporation reduced its corporate workforce by 20%. *Sees full-year 2012 EBITDA will be in the range of $37 to $42 million.
SHANGHAI, Oct 11- China's top four state-owned banks extended 166 billion yuan in new loans in September, down from 220 billion yuan the previous month, the 21st Century Business Herald reported on Thursday. China's "big four" banks are the Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Bank of China Ltd and Agricultural Bank of China Ltd.
Oct 10- Online stock photography provider Shutterstock Inc priced its initial public offering of 4.5 million shares at $17 each, raising $76.5 million, the company said in a statement.
Oct 10- Sangoma Technologies Corp:. *Reports Q4 and annual results for fiscal 2012. *Q4 sales rose 14 percent to C $3.7 million.
SYDNEY, Oct 11- Australian employment rose by more than expected in September but unemployment also jumped to the highest in over two years as more people looked for work, a mixed report that should not challenge market expectations for more cuts in interest rates. That was the highest reading since April 2010.
SYDNEY, Oct 11- Australia's jobless rate rose to 5.4 percent in September as more people joined the workforce, but employment also increased by more than expected, sending the local dollar higher. Thursday's data from the government showed jobs rose by a seasonally adjusted 14,500 in September. -Sept employment +14,500 mth/mth, seasonally adjusted.
Oct 10- Suntech Power Holdings Co Ltd:.
HONG KONG, Oct 11- Hong Kong shares are set to open flat to slightly lower on Thursday, tracking weakness on Wall Street after U.S. corporate bellwethers warned about slower global demand especially ebbing growth in China, the world's second-largest economy.
*Captures EPC contract for Malampaya deep water gas-to-power project in the. *Says Fluor booked the undisclosed contract value in the third quarter. *Source text* Further company coverage ().
SYDNEY, Oct 11- Australian employment rose by more than expected in September, sending the local dollar higher, while the jobless rate also rose to 5.4 percent as more people joined the workforce. Thursday's data from the government showed jobs rose by a seasonally adjusted 14,500 in September. MICHAEL BLYTHE, CHIEF ECONOMIST, COMMONWEALTH BANK OF AUSTRALIA.
Oct 10- Brookfield Asset Management:. *C $350 million principal amount 8.95% notes due June 2, 2014; redemption price. of C $1097.94* Source text* Further company coverage ().
*Ameridose says "Ameridose today agreed to voluntarily and temporarily cease. *Ameridose says Barry Cadden has agreed to resign all corporate positions at. p.m. on October 10, for a period ending October 22 ".