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Asia Top News and Analysis Malaysia

  • *Net income forecast Y765 bln loss vs prior Y50 bln profit. *To write off Y238 bln goodwill, Y356 bln restructuring.

  • TOKYO, Nov 1- Japan's Nikkei share average is expected to tread water on Thursday after month-end buying in the previous session took the index to close up for the month and ahead of the key U.S. jobs data on Friday.

  • OTTAWA, Oct 31- Canada is likely to extend its review of the $15.1 billion bid by China's CNOOC Ltd for oil producer Nexen Inc beyond next week's deadline to allow more time for the government to formulate a broad framework on foreign investment, two sources close to the matter said on Wednesday.

  • Asia's

    Robert Prior-Wandesforde, Director, Asia Economics, Credit Suisse says that there could sill be value in countries like the Philippines Indonesia, Thailand and Malaysia as they are decoupled from weak exports.

  • OTTAWA, Oct 31- Canada is likely to extend its review of the $15.1 billion bid by China's CNOOC Ltd for oil producer Nexen Inc beyond next week's deadline to allow more time for the government to formulate a broad framework on foreign investment, two sources close to the matter said on Wednesday.

  • *Net income forecast Y765 bln loss vs prior Y50 bln profit. TOKYO, Oct 31- Panasonic Corp said it will lose almost $10 billion this business year as it cleans house of poorly performing operations, writing down billions of dollars of goodwill and assets in its mobile and energy units while its new boss readies for a fresh bout of restructuring.

  • NEW DELHI/ HONG KONG, Oct 31- Under-fire Chinese telecoms equipment vendor Huawei Technologies Co Ltd is reaching out to one of its sternest critics: a hacker who accused it of making shoddy products.

  • *Net income forecast Y765 bln loss vs prior Y50 bln profit. *To write off Y238 bln goodwill, Y356 bln restructuring.

  • Key currencies stayed in recent ranges on Wednesday, waiting for developments in Europe on efforts to solve the debt crisis and for the U.S. monthly jobs report on Friday as well as China's official manufacturing PMI on Thursday. Financial spreadbetters expect London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open as much as 0.2 percent lower.

  • Asian stock markets were mostly higher on Wednesday as investors regained risk appetite despite the absence of a fresh lead from Wall Street. Regional markets seem on course to end October on a positive note.

  • *MSCI Asia ex- Japan up 0.3 pct, Nikkei gains 1.4 pct. The MSCI index of Asia-Pacific shares outside Japan rose 0.3 percent, off a two-week low hit on Tuesday. ``The U.S. has been closed two nights but Europe's been okay so there are no real negatives at this stage,'' said Winston Sammut, investment director at Maxim Asset Management in Sydney.

  • 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.

  • *Petronas-Progress extend closing by 30 days to Nov. 30. KUALA LUMPUR, Oct 29- Malaysian state oil company Petronas said on Monday it has extended the closing date on its bid for Canadian gas producer Progress Energy Resources until Nov. 30, as it works to overturn the Canadian government's rejection of the proposed deal.

  • NEW YORK- Hurricane Sandy, the monster storm bearing down on the U.S. East Coast, strengthens after hundreds of thousands move to higher ground, public transport shuts down and the U.S. stock market suffers its first weather-related closure in 27 years (STORM-SANDY/ moved, pix, tv, graphic, by Daniel Trotta, 910 words). Politics puts Italy, Spain back in market focus.

  • 1530,1930 GMT- Franklin Paul, Chris Kaufman +1 646 223 6200.

  • *Petronas-Progress extend closing by 30 days to Nov. 30. KUALA LUMPUR, Oct 29- Malaysian state oil firm Petronas said on Monday it has extended the closing date on its bid for Canadian gas producer Progress Energy Resources until Nov. 30, as it works to overturn the Canadian government's rejection of the proposed deal.

  • The Reuters business schedule runs at the following times: 0230,0630 GMT- Mathew Veedon +65 6870-3827 0830,1230 GMT- Malcolm Davidson +44 20 7542 6958 1530,1930 GMT- Franklin Paul, Chris Kaufman +1 646 223 6200.

  • NEW YORK- Hurricane Sandy, which could become the largest storm ever to hit the United States, is set to bring much of the East Coast, including New York and Washington, to a virtual standstill in the next few days with battering winds, flooding and the risk of widespread power outages.

  • Asian shares slipped on Monday as investors switched their focus away from signs of stable U.S. growth, looking instead at tepid global corporate earnings and the uncertain economic outlook.

  • Canada blocked Petronas' bid for Progress this month after Industry Minister Christian Paradis said it was not likely to bring a ``net benefit'' to the country.