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  • 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.

  • SKorea cuts key rate, lowers growth forecasts Wednesday, 10 Oct 2012 | 10:51 PM ET

    SEOUL, South Korea-- South Korea's central bank cut its key interest rate Thursday for the second time this year and slashed growth forecasts as Asia's fourth-largest economy faces mounting threats from the protracted debt crisis in Europe and a worsening global slowdown.

  • KOSPI strives to stay stable despite gloomy outlook Wednesday, 10 Oct 2012 | 10:50 PM ET

    SEOUL, Oct 11- Seoul shares reversed some losses in early trade on Thursday, though investors remained worried about global growth. "The index is recovering from a week of losses, but its movement today will be limited as there is no new momentum," said Bae Sung- yung, an analyst at Hyundai Securities.

  • Bernanke and Maehara will be meeting on the sidelines of the semi-annual meeting of the International Monetary Fund and World Bank being held in Tokyo through Oct. 14.

  • *SEC action is' first-best' option; FSOC is' second-best'. *Fed official still hopes SEC will adopt money market rules. Fed Governor Daniel Tarullo said it was unfortunate that the SEC, the primary regulator of the $2.6 trillion industry, has so far failed to advance new rules for the market, which since the financial crisis has been viewed as posing a systemic risk.

  • WRAPUP 2-IMF calls for action as euro zone crisis festers Wednesday, 10 Oct 2012 | 10:45 PM ET

    *S&P downgrades Spain; Brazil and South Korea cut rates. 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.

  • TOKYO, Oct 11- Longer-dated Japanese government bonds slumped on Thursday ahead of a 30- year sale that was expected to meet firm demand in light of that sector's recent underperformance. *The Ministry of Finance is offering 700 billion yen of 30- year bonds with a coupon of 1.90 percent, matching that of the previous sale, which had drawn decent demand.

  • *Lenovo shares rise nearly 2 pct in Hong Kong trade. SAN FRANCISCO/ HONG KONG, Oct 11- China's Lenovo Group Ltd edged out Silicon Valley icon Hewlett-Packard Co to become the world's No. 1 PC maker in the third quarter, according to data released by research house Gartner on Wednesday.

  • Bernanke and Maehara will be meeting on the sidelines of the semi-annual meeting of the International Monetary Fund and World Bank being held in Tokyo through Oct. 14.