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  • Brent crude rises toward $115 as Mideast tensions support Wednesday, 10 Oct 2012 | 11:31 PM ET

    *Turkey, Syria fighting continues; Mideast tensions support oil. November Brent crude rose 52 cents to $114.85 a barrel by 0319 GMT after a volatile session on Wednesday that saw the contract rising to $115.59, its highest since Sept. 17, before settling down slightly.

  • SEOUL, Oct 11- South Korea's central bank cut interest rates for the second time in four months on Thursday, as expected, in a bid to boost demand so as to help 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.

  • MUMBAI, Oct 11- Goldman Sachs downgraded DLF. to' neutral' from' buy', saying slower approvals could result in fewer project launches, while cutting its pre-sale estimates for India's largest property developer. Goldman also removed DLF from its Asia-Pacific buy list and cut its 12- month target price to 224 rupees from 257 rupees.

  • SEOUL, Oct 11- South Korea's central bank cut interest rates for the second time in four months on Thursday, as expected, in a bid to boost demand so as to help 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.

  • *Turkey warns Syria about cross-border shelling. Oil markets, which have been balancing concerns of lower global fuel demand against the risk of supply disruptions in the Middle East and loading delays of crude from the North Sea, also.

  • SEOUL, Oct 11- South Korea's central bank cut interest rates for the second time in four months on Thursday, as expected, in a bid to boost demand so as to help Asia's fourth-largest economy through a global slowdown. -Reuters survey: 22 out of 24 analysts surveyed predicted the Bank of Korea would cut the rate in October, whereas the remaining two saw no change.

  • Indonesia's money supply rises 17.8 pct y/y in Aug Wednesday, 10 Oct 2012 | 11:20 PM ET

    JAKARTA, Oct 11- Broad money supply in Indonesia rose 17.8 percent in August from a year earlier, a slower pace for a second consecutive month, data from Bank Indonesia showed on Thursday. According to the data, August money supply increased 1.1 percent on a monthly basis to 3,089.01 trillion rupiah, versus 3,054.84 trillion rupiah a month ago.

  • UPDATE 1-Suzlon bondholders reject extension of redemption Wednesday, 10 Oct 2012 | 11:18 PM ET

    MUMBAI, Oct 11- India's Suzlon Energy Ltd, the world's fifth-largest maker of wind turbines, was poised to default on redemption of about $221 million in overseas convertible bonds due on Thursday after bondholders rejected a four-month extension.

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

    *Asian shares tracked Wall Street lower on Thursday as weak forecasts from U.S. corporate bellwethers underscored concern over global demand, particularly from China, and kept oil and other commodity prices under pressure.

  • Indian stocks to watch-Oct 11 Wednesday, 10 Oct 2012 | 11:12 PM ET

    *The S&P 500 fell for a fourth day on Wednesday, weighed down by disappointing news from Chevron and Alcoa. *World Steel Association, a group representing global steel producers, holds a 2- day annual conference in New Delhi. *India's telecoms minister will attend a event organised by the mobile tower industry in New Delhi.

  • Arcadia, Parnon fight oil price manipulation lawsuits Wednesday, 10 Oct 2012 | 11:08 PM ET

    NEW YORK, Oct 10- A lawsuit claiming oil price manipulation by Arcadia Petroleum, Parnon Energy and two oil traders in early 2008 had no factual support, a lawyer for the defendants told a judge on Wednesday, but their accusers cited a potentially damaging email.

  • Asia stocks fall after Spain gets downgrade Wednesday, 10 Oct 2012 | 11:05 PM ET

    BANGKOK-- Asian stock markets fell Thursday after Spain, the fourth-largest euro economy, was slapped with a two-notch credit downgrade and the U.S. earnings season opened with a whimper.

  • MARKET EYE-SGX Nifty gains; October quarter earnings eyed Wednesday, 10 Oct 2012 | 11:03 PM ET

    *Nifty futures on the Singapore Exchange. *Asian shares tracked Wall Street lower on Thursday as weak forecasts from U.S. corporate bellwethers underscored concern over global demand, particularly from China, and kept oil and other commodity prices under pressure.

  • *Says board approved making Qualified Institutional Placement of upto 5.

  • HONG KONG Oct. 11, 2012-- Standard& Poor's Ratings Services today assigned its' BB' issue rating to a proposed issue of U.S.-dollar-denominated seven-year senior unsecured notes by Longfor Properties Co. Ltd.. At the same time, we assigned our' cnBBB' Greater China regional scale rating to the proposed notes.

  • Mitsui Fudosan Co Ltd slipped 1.2 percent to 1,552 yen after trading as low as 1,518 yen, while Mitsubishi Estate Co Ltd eased 1.1 percent to 1,518 yen after falling as much as 1,488 yen. Yaskawa Electric Corp slipped 0.8 percent to 509 yen after J.P. Morgan lowered its price target on the electric motor maker to 575 yen from 660, citing weak market conditions.

  • *KDDI climbs after J.P. Morgan lifts price target. TOKYO, Oct 11- Japan's Nikkei average fell to its lowest in two months on Thursday, losing ground for a third straight day on mounting concerns that upcoming quarterly corporate earnings will be weak after the U.S. results season got off to a slow start.

  • BP, US Justice Dept close to oil spill settlement -WSJ Wednesday, 10 Oct 2012 | 10:54 PM ET

    Oct 10- BP PLC and the U.S. Justice Department are close to a broad deal that would release the company from additional civil and criminal liabilities arising out of 2010 Deepwater Horizon disaster, the Wall Street Journal reported, citing people familiar with the talks.

  • SINGAPORE, Oct 11- The directors of troubled Bumi Plc, one of the world's largest thermal coal exporters, gathered for a board meeting on Thursday amid an uncertain future for the company created by British-born financier Nat Rothschild and Indonesia's Bakrie family.