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Asia Top News and Analysis Japan

  • Oct 11- Commerce Department report of U.S. international trade. Trade in goods and services on balance of payments basis,. Aug July Jan-Aug12 Aug11 Jan-Aug11 Balance -44.22 -42.47 -374.37 -44.78 -369.13 Exports 181.28 183.19 1,459.55 178.38 1,389.53 Imports 225.50 225.65 1,833.92 223.16 1,758.66.

  • Oct 11- Canada's main stock index looked set to open higher on Thursday, on expectations that Spain would be pressured to seek a sovereign bailout after S&P downgraded it to just one notch above junk. *The IMF backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good.

  • *Softbank to buy majority in Sprint- source. TOKYO, Oct 11- Softbank Corp, Japan's third-largest mobile carrier, is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen, said a source with direct knowledge of the matter, as it seeks to expand overseas.

  • Japan's finance minister Koriki Jojima told finance chiefs and central bank governors of the Group of Seven industrialized nations on Thursday that Japan will extend new Japanese yen loans and as earlier agreed with Myanmar will move ahead next year with clearing its sizable outstanding debt to Tokyo.

  • SINGAPORE, Oct 11- Asia's fuel oil market weakened on Thursday, with intermonth spreads erasing the previous session's gains as concerns over an over-supplied market outweighed demand hopes. The balance of October/November spread for 180- centistoke fuel oil fell 75 cents to a backwardation of 25 cents, a two session low, according to Reuters data.

  • *FTSE up 0.6 pct after three-session losing streak. LONDON, Oct 11- UK shares bounced back on Thursday following early declines, led by banks and miners as investors shifted through risk-sensitive stocks for bargains. At 1054 GMT, the FTSE 100.

  • *Softbank to buy majority in Sprint- source. TOKYO, Oct 11- Softbank Corp, Japan's third-largest mobile carrier, is in talks to buy a majority stake in U.S. telecoms company Sprint Nextel Corp in a deal worth more than 1 trillion yen, a source with direct knowledge of the matter told Reuters on Thursday.

  • TOKYO, Oct 11- Japan's Softbank Corp is in talks to acquire a majority stake in Sprint Nextel, the No. 3 wireless carrier in the United States, for more than 1 trillion yen, a source familiar with the matter told Reuters on Thursday.

  • TOKYO, Oct 11- Japanese mobile carrier Softbank Corp is in talks to buy more than two-thirds of U.S.-based telecoms company Sprint Nextel Corp, public broadcaster NHK said on Thursday, in a deal worth at least 1 trillion yen.

  • For highlights from the International Monetary Fund and World Bank semiannual meetings, and related events, on Thursday, click on.

  • LONDON-- Financial markets steadied Thursday ahead of another round of U.S. corporate earnings and despite a downgrade of Spain's sovereign credit rating. Standard& Poor's downgraded Spain's government debt late Wednesday from BBB+ to BBB-, the lowest investment grade level.

  • TOKYO, Oct 11- Japanese mobile phone carrier Softbank Corp is in talks to buy more than two-thirds of U.S.-based telecoms company Sprint Nextel Corp, Japanese public broadcaster NHK said on Thursday.

  • *Unitech surges after settlement with Telenor. MUMBAI, Oct 11- Indian shares rose on Thursday as expectations of better-than-expected earnings sent Infosys. and HDFC Bank higher a day before they report results.

  • TOKYO, Oct. 11- Asian credit was ending the day on a positive note in spite of overnight negative headlines from Europe, which sent equity markets into a tailspin. Stock indices in Asia dropped with the Hang Seng ending down 0.8% and the Nikkei 0.58% lower.

  • ATHENS, Greece-- Unemployment in Greece hit a record high of 25.1 percent in July as the country's financial crisis continues to exact its heavy toll, official figures showed Thursday. All indications are that unemployment in Greece will continue to rise.

  • For highlights from the International Monetary Fund and World Bank semiannual meetings, and related events, on Thursday, click on.

  • Why Asia Can’t Pull Global Economy Out of Crisis

    Asian economies, which powered the global recovery following the 2008 financial crisis, are unlikely to pull the world out of its current slump, given the inadequate response from policymakers in the region, analysts told CNBC.

  • SINGAPORE, Oct 11- India's Essar Oil has sold a naphtha cargo to Shell at about $32 a tonne above Middle East quotes on a free-on-board basis, with premiums holding steady with two previous deals, traders said on Thursday.

  • SINGAPORE/ TOKYO, Oct 11- Japan's Mitsubishi Chemical Corp said on Thursday it was unclear when its No.2 naphtha cracker in Kashima would resume operations following the unit's closure this week after a power outage, but traders say it could be as much as two weeks.

  • TOKYO-- Toyota executives were unfazed Thursday by the overnight recall of 7.43 million vehicles over faulty power window switches that can cause fires, calling it a sign the Japanese company had learned from its mistakes and was becoming quicker and more transparent.