Asia Top News and Analysis India

  • Wells Fargo's International Group, named Christopher Lewis as executive vice president and head of global trade services. Most recently, he was head of trade and supply chain for North America at HSBC.

  • Oct 4- Social media company Facebook Inc said on Thursday it reached the 1 billion active monthly users threshold last month, and is up by 45 million users since June. Facebook has faced a rough debut since its May initial public offering.

  • *Macy's, Target sales miss analysts' forecasts. Retailers including Costco Wholesale Corp, Victoria's Secret operator Limited Brands Inc and teen chain Zumiez Inc posted bigger-than-expected gains in September sales at stores open at least a year. Target Corp and Macy's Inc posted same-store sales increases that missed analysts' expectations.

  • U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. **NUVASIVE INC, Wednesday close $22.62, down 29.3 pct premarket. **INFORMATICA CORP, Wednesday close $33.63, down 19.7 pct premarket.

  • NEW DELHI, Oct 4- India's cabinet approved bills for foreign investment in insurance and pensions on Thursday in the latest move by Prime Minister Manmohan Singh to restore confidence in the flagging economy, but the reforms will face a tough fight in parliament.

  • MUMBAI, Oct 4- U.S. private-equity firm Carlyle Group is selling its 3.7 percent stake in India's top mortgage lender Housing Development Finance Corp Ltd in a deal to raise as much as $861 million, according to a term sheet seen by Reuters on Thursday.

  • Oct 4- Calpine Corp, the largest U.S. independent power generator, said it will buy an 800- megawatt power plant from Bosque Power Co LLC for $432 million plus adjustments, boosting its capacity in power-hungry Texas. In April, Calpine said it will add more than 500 megawatts in Texas by the summer of 2014 to help avoid rolling outages.

  • Oct 4- Pfizer Inc said a late-stage study of its Prevenar 13 vaccine met the main trial goal, and the data will help to expand a European regulatory application for the vaccine. The main goal of the study was to show that the immune response to the vaccine in the 18 to 49 year old age group was non-inferior when compared to the response in the 60 to 64 year group.

  • Oct 4- Social media company Facebook Inc said on Thursday it reached the 1 billion active monthly users threshold last month, and is up by 45 mi llion us ers since June. Facebook, based in Menlo Park, California, hit the 1 billion milestone on Sept. 14 at 12:45 p.m. Pacific time, the company said on its website.

  • The Reserve Bank of India said on Thursday it accepted all 5 bids for 9.30 billion rupees at its one-day reserve repo auction, through which it absorbs excess liquidity from the banking system. Earlier in the day, it accepted all four bids for 68.5 billion rupees at its one-day repo auction through which it injects liquidity into the banking system.

  • By Saeed Azhar and Kelvin Soh SINGAPORE/ HONG KONG, Oct 4- Standard Chartered's.

  • Oct 4- Social media company Facebook Inc said on Thursday it reached the 1 billion active monthly users threshold last month, and is up more than 50 million users since June. Facebook, based in Menlo Park, California, hit the 1 billion milestone on Sept. 14 at 12:45 p.m. Pacific time, the company said on its website.

  • Google bought Motorola last year for $12.5 billion, with the aim of bolstering its patent portfolio in the intellectual property fight its Android mobile system faces with rivals Apple Inc and Samsung Electronics Co Ltd.

  • fx_fix_1_200.jpg

    Central banks hold steady and Spain manages a sale — it's time for your FX Fix.

  • Oct 4- Calpine Corp, the largest U.S. independent power generator, said it will buy an 800- megawatt power plant in Texas from Bosque Power Co LLC for $432 million plus adjustments.

  • Oct 4- Calpine Corp, the largest U.S. independent power generator, said it will buy an 800- megawatt power plant in Texas from Bosque Power Co LLC for $432 million plus adjustments.

  • PUDUCHERRY, India, Oct 4- India's central bank governor said on Thursday inflation had to be brought down further, signalling the bank would stick to a hawkish stance, and the size of the fiscal deficit would be a key factor in determining monetary policy.

  • Google plans to shrink Motorola's operations in Asia by exiting unprofitable markets, abandoning low-end devices and focusing on a few models instead of dozens, the New York Times had reported earlier.

  • U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising between 0.2 and 0.5 percent. **NUVASIVE INC, Wednesday close $22.62, down 27.4 pct premarket.

  • The 180- cst differential dipped $1.10 to a premium of 60 cents a tonne above Singapore spot quotes, lowest since April 18, according to Reuters data. More supply is seen coming out of India, with Indian Oil Corp. South Korean utility Korea District Heating Corp has issued a tender to seek 31,000 tonnes of LSFO or low sulphur waxy residue for delivery until Dec. 30.