Asian equity markets ended mostly higher on Wednesday following a better than expected growth report from the world's second biggest economy.» Read More
Asian shares touched fresh 16-month highs on Friday as investors awaited U.S. nonfarm payrolls data due later in the day, with sentiment underpinned by signs that China's economy is stabilizing.
Asian shares hit a 16-month high on Wednesday, led by surging Chinese equities on hopes for stable growth, but concerns over whether U.S. lawmakers can break a budget impasse before year-end to avert a possible economic slump kept optimism in check.
BHP Billiton has quietly started looking for a successor to Marius Kloppers, chief executive, in what could herald a further shake-up in the leadership of the global mining industry following a five-year period of stability. The FT reports.
*Canada has until Nov. 11 to decide fate of CNOOC bid. OTTAWA, Oct 11- Canada said it needs more time to complete its review of a $15.1 billion Chinese bid to take over oil and gas explorer Nexen Inc, a deal that has raised fears about opening the Canadian energy sector to the Asian power's state-owned companies.
OTTAWA, Oct 11- Canada said it needs more time to complete its review of China's CNOOC Ltd $15.1 billion bid to take over Nexen Inc, a deal that has raised fears about opening the Canadian energy sector to China's state-owned companies.
TORONTO, Oct 11- Canada extended its review of a Chinese state-owned company's $15.1 billion bid for Canadian energy producer Nexen Inc by 30 days on Thursday, giving the government more time to consider the merits of CNOOC Ltd's controversial proposal.
*Canaccord Genuity cuts Antofagasta and Kazakhmys to hold. *Canaccord Genuity cuts Central Asia Metals target price to 215 P from. *Canaccord Genuity cuts Orsu Metals target price to 13 P from 14 P;.
Oct 11- Bhp Billiton PLC:. *UBS cuts BHP Billiton PLC price target to 2110 p from 2130 p; rating buy. Reuters Station users, click. 1580.
Oct 10- Bhp Billiton PLC:. *Deutsche Bank raises BHP Billiton target price to 2,075 p from 2,035 p For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
Oct 10- Moody's Investors Service has assigned an A1 senior unsecured rating to BHP Billiton's guaranteed senior unsecured notes totalling AUD 1.0 billion issued under its Australian Medium Term Note program.
MELBOURNE Oct. 10, 2012- Standard& Poor's Ratings Services said today that it had assigned its' A+' long-term credit rating to BHP Billiton Finance Ltd.' s A $1 billion 3.75% notes due 2017. The notes are issued under BHP Billiton Finance's A $5 billion medium-term note program and are guaranteed by BHP Billiton Ltd..
*Rio cautious on impact of China stimulus. *Optimistic on China power supply for Mongolia copper mine. LONDON, Oct 9- Global miner Rio Tinto said on Tuesday it would step up cost cuts because of an uncertain near-term outlook that includes lower growth this year in China, the world's largest consumer of key commodities.
*Rio cautious on impact of China stimulus. *Optimistic on China power supply for Mongolia copper mine. LONDON, Oct 9- Global miner Rio Tinto cut its growth forecast for China and said it was stepping up efforts to cut costs, having already slashed $500 million, faced with an uncertain global outlook.
*Investors say order book of A $2 bln. By Cecile Lefort SYDNEY, Oct 9- Global mining giant BHP Billiton. They are rated AA-, which is higher than BHP's A+/ Stable/A-1 by Standard& Poor's and A1/Stable/P-1 Moody's.
SYDNEY, Oct 9- BHP Billiton Finance Ltd, the finance arm of BHP Billiton Ltd, has priced its A $1 billion five-year note at 90 basis points above the asset swap rate, IFR reported on Tuesday. The bond issue is BHP's first domestic Australian dollar bond since 2001. Joint lead managers are Australia and New Zealand Banking Group Ltd and Commonwealth Bank of Australia.
*Australian growth at risk with mining slowdown* IMF cuts China growth forecast to 7.8 pct for 2012. By Sonali Paul MELBOURNE, Oct 9- Top global miner BHP Billiton.
SYDNEY, Oct 9- The order book of global mining giant BHP Billiton's five-year bond offer is at least A $700 million and is being marketed at 95 basis points over the Australian bank bill swap rate, two fund managers looking at the offer said on Tuesday. The borrower is rated A+ by Standard& Poor's and A1 by Moody's.
SYDNEY, Oct 9- BHP Billiton Finance Limited, the finance arm of BHP Billiton Limited, on Tuesday said it had launched a new benchmark five-year Australian dollar note issue. Joint lead managers are Australia and New Zealand Banking Group and Commonwealth Bank of Australia.
Oct 8- Bhp Billiton PLC:. *Canaccord Genuity raises BHP Billiton target price to 2175 p; rating. Reuters Station users, click. 1580.