A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.» Read More
Maybank Kim Eng raised its target price on rigbuilder Keppel Corp Ltd to S $13.30 from S $12.90, and kept its' buy' rating to reflect the higher share prices of some of its units such as Dyna-Mac Holdings Ltd. At 0221 GMT, Keppel shares were down 0.97 percent at S $11.23. Dyna-Mac, which is about 27 percent- owned by Keppel, has gained 16.5 percent this year.
Shiseido Co Ltd fell 2.2 percent to 945 yen, hitting a 17- year low, after Deutsche Bank cut its price target on the cosmetics maker to 1,000 yen from 1,240, saying the company faced a tough business environment.
MELBOURNE, Oct 10- Australian shares slipped 0.3 percent on Wednesday, with falls across the board after a weak lead from Wall Street, while gold miners fell after bullion prices eased offshore.
Kenanga Research downgraded Malaysia's telecommunication sector to' neutral' from' overweight' as it believes the sector's near-term catalysts have been essentially priced in. It downgraded DiGi.COM Bhd, Malaysia's third largest mobile phone operator by market value, to' market perform' from' outperform' and kept the target price of 5.20 ringgit.
JFE Holdings dropped 3.4 percent to 979 yen and Kobe Steel Ltd lost 4.8 percent to 60 yen after Nomura Securities cut its price targets on the two steelmakers.
OCBC Investment Research upgraded healthcare service provider Raffles Medical Group to' buy' from' hold' and raised its target price to S $2.82 from S $2.63, on expectations of stronger earnings in the second half of the year.
Printed circuit board maker Ibiden Co Ltd sagged 3.9 percent to 995 yen, hitting a nine-year low, while Shinko Electric Industries Co Ltd, maker of semiconductor packages and leadframes, shed 1.8 percent to 486 yen. Nidec Corp, maker of micro motors, dropped 2.7 percent to 4,980 yen and TDK Corp lost 1.9 percent to 2,820 yen.
HONG KONG, Oct 10- Hong Kong shares were set to open lower on Wednesday, with property stocks among the biggest losers, as weakness on Wall Street sparks profit-taking after the previous session's China- led rally. The China Enterprises index was indicated to open down 0.6 percent. Keywords: MARKETS HONGKONG CHINA STOCKS/.
AmInvestment Bank raised its target price on state power firm Tenaga Nasional Bhd to 8.15 ringgit per share from 7.95 on expectations of stronger earnings for the next two years. AmInvestment kept its' buy' call on Tenaga due to expected lower capacity costs from winning a tender to build a 3 billion ringgit power plant in the northern Malaysian state of Penang.
TOKYO, Oct 10- The benchmark Nikkei average. **TOKYO ELECTRON RISES AFTER Q2 ORDERS BEAT EXPECTATIONS**. Tokyo Electron Ltd advanced 1.5 percent to 3,315 yen after its second quarter orders came in at 75 billion yen, above market expectations of between 50 and 60 billion yen, traders said.
MELBOURNE, Oct 10- Australian shares fell 0.4 percent on Wednesday, with some of the biggest declines recorded by gold miners after bullion prices headed lower offshore. eased 0.6 percent to 3,882.8 after U.S. stocks fell on increasing worries about third-quarter earnings and the International Monetary Fund warned on global growth.
MELBOURNE, Oct 10- Australian shares may ease from 14- month highs on Wednesday after U.S. stocks fell on concerns over third-quarter earnings, although energy companies may be boosted by a sharp rise in oil prices. *Energy companies such as Woodside Petroleum.
Oct 9- Continental Resources Inc, the top oil producer in the Bakken oil region, said on Tuesday it expects to cut $1 million off the cost of its average well there by the end of 2013, as it takes on one of the biggest challenges in the booming oil basin.
Hotel chain Marriott gave investors the first glimpse into the peak summer travel season this week, but the stock may be getting a bit expensive, says one fund manager.
Oct 2- Hyatt Hotels Corp:. *Announces plans for a Hyatt hotel in montevideo. *Says entered into a management agreement with Dilony S.A. for a new Hyatt.
Take a look at some of Thursday's midday movers:
Hotels are expanding their loyalty programs and making it easier to use points not only for rooms, but also on a wide array of experiences, merchandise and entertainment. Fighter jet ride, anyone?
As costs to offer free Wi-Fi increase and demand for bandwidth surges, more hotels are considering adding charges to satisfy guest expectations.
It's common to whip out your credit card when traveling abroad. But some cards carry additional fees or might not work at all. Here are some tips to ensure a smooth sailing trip overseas.
If you like the comfort of booking your stay on a hotel-owned website and dealing directly with the property, consider a new option, RoomKey.com, which is designed to compete with online travel agencies.