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Asia Top News and Analysis Malaysia

  • 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.

  • The secular High Court in Malaysia's southern Seremban town rejected a bid by four Muslim transsexuals who were born male to declare the Shariah law unconstitutional. The law is enforced in Shariah religious courts against Muslims, who comprise nearly two-thirds of Malaysia's 29 million people.

  • *Middle East allocated much more of sukuk than expected. DUBAI, Oct 11- Turkey's first sovereign sukuk issue was a public relations triumph but it's been a financial disappointment so far in the secondary market, showing the risks of over-allocating debt deals to a single region.

  • Oct 11- Standard& Poor's Ratings Services said today that its ratings and outlook on American International Assurance Co. Ltd. and American International Assurance Co. Ltd. are unaffected by the AIA Group's recent announcement that it plans to pay Euro1.336 billion in cash to acquire a Malaysian insurer.

  • BANGKOK, Oct 11- Stocks in Malaysia, the Philippines and Vietnam slipped in light trade on Thursday, led by blue-chip stocks such as Axiata Group Bhd. Singapore recouped earlier losses, helped by late buying in beaten-down large caps, with the benchmark Straits Times Index.

  • BANGKOK-- World stock markets were mixed Thursday, with Europe posting modest gains while Asia slumped after Spain, the fourth-largest euro economy, was slapped with a two-notch credit downgrade. Britain's FTSE 100 rose 0.2 percent to 5,791.79, Germany's DAX added 0.4 percent and France's CAC-40 advanced 0.3 percent to 3,375.40.

  • SINGAPORE, Oct 11- Bosses of Singapore- listed companies are taking their firms private to take advantage of beaten-down prices and cheap financing, more than trebling management buyout deals in the island-state to $10.9 billion compared with the whole of 2011..

  • Shares in mobile phone operator Axiata Group Bhd dropped as much as 2.24 percent after the end of its domestic roaming agreement between its Malaysian unit Celcom and local peer U Mobile.

  • *S&P/ASX 200 index fell 7 points to 4,483.5* Lynas Corp Ltd. plunges 15 pct on Malaysia delay. Shares pulled back from 14- month highs on Wednesday after the IMF cut its growth forecast for China, Australia's biggest export market.

  • *Plant delay seen depleting Lynas cash reserve. By Sonali Paul MELBOURNE, Oct 11- Shares in Lynas Corp Ltd. Lynas received the temporary operating licence in September for the rare earths plant, the biggest outside China.

  • MELBOURNE, Oct 11- Australian shares fell 0.2 percent on Thursday, weighed by weakness in miners but paring steeper earlier losses after data showed a jump in jobs in September. Lynas Corp Ltd plunged 15 percent as it faced another delay in opening its rare earths plant in Malaysia.

  • KUALA LUMPUR, Oct 11- Malaysia's factory output shrank for the first time in 13 months in August, although the decline was less than expected, reflecting the weakness in its export markets, official data showed on Thursday.

  • KUALA LUMPUR, Oct 11- Malaysia's industrial production. Last week the government reported a 4.5 percent drop in August exports, the biggest year-on-year decline in nearly three years, pulled down by lower shipments to the European Union and China.

  • KUALA LUMPUR, Oct 11- The global economic doldrums may have weighed on businesses around the world, but in Malaysia a luxury hand-crafted carmaker struggles to keep up with demand as orders pour in from China and the Middle East.

  • *ING's first deal in Asia asset sell-off. HONG KONG/ AMSTERDAM, Oct 11- Pan Asian insurer AIA Group Ltd has agreed to buy ING's Malaysian insurance operations for $1.73 billion in cash, handing the Dutch financial services firm its first deal in a nine-month drive to sell off Asian assets.

  • KUALA LUMPUR, Oct 11- The global economic doldrums may have weighed on businesses around the world, but in Malaysia a luxury hand-crafted carmaker struggles to keep up with demand as orders pour in from China and the Middle East.

  • MELBOURNE, Oct 11- Australian shares recovered from session lows to be down 0.3 percent on Thursday, paring steeper losses after data showed a jump in jobs in September and more people looking for work.

  • *ING's first deal in Asia asset sell-off. HONG KONG/ AMSTERDAM, Oct 11- Pan Asian insurer AIA Group Ltd has agreed to buy ING's Malaysian insurance operations for $1.73 billion in cash, handing the Dutch financial services firm its first deal in a nine-month drive to sell off Asian assets.

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  • Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market.