Business News


  • Oct 12- Moody's Investors Service has assigned a Baa3 issuer rating to Bharat Petroleum Corporation Limited or BPCL.

  • ----------PREVIOUS ITEMS BNP Paribas, Srei Infra invest 2 bln rupees in JV- Economic Times---------- Mahindra gets 5,000 bookings for new SUV Quanto in 3 weeks-Economic Times----------.

  • Foxconn Int'l says unaware of any reason for stock jump Thursday, 11 Oct 2012 | 10:32 PM ET

    HONG KONG, Oct 12- Foxconn International Holdings Ltd, the world's biggest contract maker of cellphones, said on Friday it was unaware of any reason behind a sharp rise in its stock price.

  • BEIJING, Oct 12- Volkswagen AG and its China joint ventures sold 18.3 percent more vehicles in mainland China and Hong Kong in the first three quarters, the German automaker said on Friday. Sales came to nearly 2 million vehicles during the nine-month period, compared with 1.69 million a year earlier, it said in a statement.

  • 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.

  • ----------PREVIOUS ITEM Mahindra gets 5,000 bookings for new SUV Quanto in 3 weeks-Economic Times----------.

  • Indonesia-Market factors to watch on Oct 12 Thursday, 11 Oct 2012 | 10:24 PM ET

    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.

  • KOGAS to buy more spot LNG to meet winter demand Thursday, 11 Oct 2012 | 10:22 PM ET

    SEOUL, Oct 12- Korea Gas Corp, the world's top corporate buyer of LNG, said it plans to buy more gas on the spot market to meet winter demand and put its stocks at 3.37 million tonnes as of end-September, or 86 percent of storage capacity.

  • SALMON, Idaho, Oct 11- Conservationists on Thursday asked a state judge to end trapping of wolverines in Montana at a time when fewer than 300 of the elusive animals roam the Northern Rockies and Northern Cascades.

  • Japan econmin says to discuss yen with Fed, ECB heads Thursday, 11 Oct 2012 | 10:20 PM ET

    TOKYO, Oct 12- Japanese Economics Minister Seiji Maehara said he will discuss the pain a strong yen is inflicting on the country's exports when he meets U.S. Federal Reserve Chairman Ben Bernanke and European Central Bank President Mario Draghi later on Friday.

  • Note: Reuters has not verified these stories and does not vouch for their accuracy.

  • CIMB Research raised its price target on Tisco Financial Group Pcl to 55 baht from 38 baht, citing the financial firm's strong third-quarter results and the broker's upgrades of full-year loan growth, non-interest income and net interest margin. Tisco shares closed unchanged at 48.5 baht on Thursday.

  • TOKYO, Oct 12- The stand-off between Japan's government and opposition parties is a concern as it has stalled important legislation needed to fund government spending, rating agency Moody's Investors Service said on Friday.

  • Maybank Kim Eng lowered its target price on Lian Beng Group Ltd to S $0.54 from S $0.63, citing higher cash flow needed by the construction and property firm, which may affect dividend timing, but maintained its' buy' rating. Lian Beng shares were flat at S $0.395 on Friday.

  • *Minnesota woman sues pharmacy in federal court. WASHINGTON/ BOSTON, Oct 11- The pharmacy at the center of a deadly U.S. meningitis outbreak possibly linked to tainted steroid injections faced mounting federal and state scrutiny on Thursday, including a potential criminal investigation, as the national death toll climbed to 14..

  • *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.

  • TEXT-Fitch Rates SK Telecom's Global MTN Programme 'A-' Thursday, 11 Oct 2012 | 10:04 PM ET

    SYDNEY/ SEOUL, October 12 Fitch Ratings has assigned South Korea- based SK Telecom Co., Ltd's USD3bn global medium-term note programme an' A-' rating. The ratings reflect SKT's position as a fully diversified telecommunications operator in South Korea, with a leading market position in the mobile segment, and the second-largest market share in broadband.

  • By John Whitesides and Andy Sullivan. DANVILLE, Ky., Oct 11- Vice President Joe Biden and rival Republican Paul Ryan clashed sharply over foreign policy in a high-stakes debate on Thursday, with Biden aggressively defending the Obama administration's policies and dismissing Ryan's criticism as "malarkey."

  • PRESS DIGEST - Vietnam newspapers - Oct 12 Thursday, 11 Oct 2012 | 10:02 PM ET

    --Vietnam's state budget collection in the first nine months of 2012 edged up 1.3 percent from a year ago to 498.49 trillion dong, while expenditure rose 14.5 percent in the period to 643.21 trillion dong, the finance ministry said. THOI BAO KINH TE VIETNAM.

  • Oct 11- Stillwater Mining Co:. *Prices offering of $345.00 million of convertible senior notes. *Source text* Further company coverage ().