BEIJING, April 21- A unit of one of China's biggest bad-debt banks plans to woo foreign investors with a $1 billion fund for soured property loans and distressed real-estate assets, reopening the sector to outsiders after a failed attempt last decade.» Read More
HONG KONG, Oct 30- Hong Kong shares sank to their lowest in almost two weeks on Tuesday, with local developers extending losses in the wake of fresh curbs on real estate purchases in the territory. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.8 percent.
*Storm forces two-thirds of U.S. East Coast refineries to shut. SINGAPORE, Oct 30- Brent crude hovered above $109 a barrel on Tuesday as investors watched for any impact on markets from huge storm Sandy, which crashed ashore on the U.S. East Coast, closing refineries, roads and airports.
LONDON, Oct 30- International oil company BP Plc raised its dividend on Tuesday as it delivered a stronger than expected third quarter result and prepared for a court battle with U.S. authorities over its 2010 U.S.
SINGAPORE, Oct 30- Iron ore prices may drop nearly 10 percent over the next three years as top consumer China's economic growth shifts to a slower gear, threatening to squeeze profits at global miners Vale, Rio Tinto and BHP Billiton, a Reuters poll showed.
SINGAPORE, Oct 30- London copper rebounded on Tuesday from a near two-month low hit in the prior session, with lower prices spurring some buying, but global growth worries could cap gains in trade dampened by one of the biggest storms ever to hit the United States.
FRANKFURT/ MADRID, Oct 30- Shares in Telefonica's O2-branded German unit were trading above their initial public offering price in unofficial trading on Tuesday, before their listing, Europe's largest in more than a year.
Oct 30- U.S. buyout firm Cerberus Capital Management LP is working with a group of real estate firms on a possible bid for supermarket chain Supervalu Inc, the Wall Street Journal reported on Monday, citing people familiar with the matter.
LONDON, Oct 30- Unusually strong refining margins helped lift third quarter profits for international oil company BP Plc in the third quarter to $5.2 billion, up from $3.7 billion in the second quarter and well ahead of expectations.
Sandy, one of the biggest storms ever to hit the United States, has had no impact on trading in Asia, but the closure of markets in the United States could curb volume and increase volatility. Gold hit a low around $1,704 an ounce and was at $1,711.70 by 0713 GMT, up $2.46.
SAN FRANCISCO, Oct 29- Apple Inc CEO Tim Cook on Monday pushed out the powerful head of the company's mobile software products group, sources said, in a major management shake-up that also claimed the recently hired chief of the retail stores division.
DUBAI, Oct 30- The Kuala Lumpur- based Islamic Financial Services Board plans to revise its capital adequacy guidelines for Islamic financial institutions, with a draft to be released in November for industry feedback.
*Q3 net loss of 2.172 bln Sfr vs Reuters poll 457 mln Sfr. The move will focus the Zurich- based lender and wealth manager around its private bank and a smaller investment bank, ditching much of the trading business that saw it lose $50 billion in the financial crisis and one suspected rogue trader lose $2.3 billion last year.
LONDON, Oct 30- Unusually strong refining margins helped lift third quarter profits for international oil company BP Plc in the third quarter to $5.2 billion, up from $3.7 billion a year ago and well ahead of expectations.
HONG KONG, Oct 30- Mainland China shares eked out their first gain in about a week on Tuesday, led by property firms after the second-largest player in the sector by market cap, Poly Real Estate, posted strong third-quarter earnings. The CSI300 Index of the top Shanghai and Shenzhen listings closed up 0.2 percent at 2,239.9, its first daily gain in six days.
*NYSE, Nasdaq OMX to test trading systems on Tuesday. Oct 30- NYSE Euronext said it plans to test a new contingency plan to help resume stalled U.S. equity trading, and added that its famed trading floor is not yet damaged by Sandy, one of the biggest storms to hit the United States.
TOKYO, Oct 30- The Bank of Japan boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
TOKYO, Oct 30- Japanese government bonds mostly rose on Tuesday, but pulled back from early highs after the Bank of Japan announced further easing steps as expected. The BOJ said it will increase its asset purchase scheme by 11 trillion yen, including 1 trillion yen in risk assets such as Exchange-traded funds.
*Storm forced two-thirds of U.S. East Coast refineries to shut. SINGAPORE, Oct 30- Brent crude slipped to near $109 a barrel on Tuesday as Sandy, one of the biggest storms ever to hit the United States, shut East Coast refineries, roads and airports, reducing crude and fuel demand in the world's largest oil consumer.
*Honda extends losses after Monday's profit warning. TOKYO, Oct 30- Japan's Nikkei average fell 1 percent to a two-week closing low on Tuesday after the Bank of Japan eased monetary policy by increasing the size of its asset buying and lending programme by $138 billion, largely as expected.
Oct 30- Hurricane Sandy has knocked out power to more than 6.8 million homes and businesses along the U.S. East Coast. The following power holding companies have utility units that reported outages on Tuesday.