Asian shares were unable to hold onto gains on Wednesday, as investors stayed risk averse due to weak corporate earnings results worldwide and enduring worries over economic slowdown.
*Canada says meeting set for late Tuesday in Ottawa. OTTAWA/ KUALA LUMPUR, Oct 23- Representatives of Malaysia's Petronas will meet later on Tuesday with Canadian government officials who blocked the state oil company's C $5.17 billion bid for Progress Energy Resources Corp, Canadian Industry Minister Christian Paradis said.
NEW YORK-- Coach Inc. reported a 3 percent increase in first-quarter profits as the luxury accessories retailer's results were powered by strong sales in the U.S. and overseas, particularly China. The New York- based retailer also said Tuesday that its board authorized the repurchase of up to $1.5 billion of its outstanding stock by June 30, 2015.
Asian shares were lackluster on Tuesday with the corporate reporting season getting underway in the region, as investors stayed cautious after global shares faltered overnight on weak earning reports and outlook.
Asian shares ended mixed on Monday as some regional indexes recovered from earlier losses whilst others were weighed down by dented risk sentiment from lackluster U.S. earnings and a bigger-than-expected fall in Japanese exports.
TORONTO-- Canada has blocked the Malaysian state-owned oil firm Petronas' US $5.2 billion bid for gas producer Progress Energy Resources, saying the proposed investment would not provide a net benefit to Canada. "Canada has a long-standing reputation for welcoming foreign investment.
MANILA, Philippines-- A senior official said Friday China wants to improve relations with the Philippines following a strain in relations over a territorial dispute in the South China Sea.
LONDON-- Judges are choosing the winner of Britain's most prestigious literary trophy from a shortlist that includes novels set in the court of King Henry VIII and the opium dens of Mumbai. Mantel would be the first British author to win the Booker twice, joining double winners Peter Carey of Australia and J.M. Coetzee of South Africa.
EL DORADO, Ark.-- Murphy Oil is splitting in two in order to better focus on the separate tasks of exploration and production, and the sale of gasoline and other goods through its retail locations. Murphy Oil will continue to explore for and produce oil in the U.S., Canada and Malaysia.
EL DORADO, Ark.-- Murphy Oil is splitting in two in order to better focus on the separate tasks of exploration and production, and the sale of gasoline and other goods through its retail locations. Murphy will become an independent oil exploration and production company focused on the U.S., Canada and Malaysia.
KUALA LUMPUR, Malaysia-- Southeast Asia's top budget carrier AirAsia said Monday it has aborted an $80 million deal to buy Indonesia's Batavia Air because it will be too risky for shareholders. Our aggressive focus in Indonesia remains and we will push our Indonesian IPO plans while still maintaining close co-operation with Batavia Air. "
Malaysia, which refused bailout from the International Monetary Fund (IMF) during the Asian financial crisis, says Greece should be given more time to implement reforms and clean up its finances, otherwise an overly-stringent austerity drive could push the country into a prolonged recession and make recovery even more unlikely.
Malaysia's central bank governor, Zeti Akhtar Aziz, explains what Kuala Lumpur needs to do to get its fiscal house in order while the country gears up for an election.
LONDON, Oct 12- Hilary Mantel could become the first woman to win the coveted Man Booker Prize for fiction twice with her historical novel "Bring Up the Bodies", the bookmakers' favourite alongside Will Self's "Umbrella".
BANGKOK, Oct 12- Most Southeast Asian stocks posted small gains on Friday as large caps and stocks such as Wilmar International. The index was down 2.13 percent on the week, its worst weekly loss since May and Southeast Asia's worst performing market. Among weak spots, Malaysia eased 0.13 percent on Friday, down 0.4 percent on the week.
LONDON, Oct 12- Hilary Mantel is favoured to become the first woman to win the coveted Man Booker Prize for fiction twice, with her historical novel "Bring Up the Bodies" ahead of Will Self's "Umbrella" in the bookmakers' rankings.
MUMBAI, Oct 12- As pressure builds on India's central bank to ease monetary policy after a slew of fiscal and economic reforms, the debt market is cautiously positioning for policy rates to be cut, but remains unconvinced that it will happen this month.
Mudajaya Group Bhd looks the most attractive among 26 stocks in Malaysia's industrials sector tracked by at least three analysts, data from Thomson Reuters StarMine shows. Its FCF for the six months ending June 2012, at 229 million ringgit was an increase of over 20 times from a year earlier.
Oct 12- Fitch Ratings says that American International Assurance Company Limited, Thailand Branch's' AAA' National Insurer Financial Strength Rating with Stable Outlook will not be affected by American International Assurance Company Limited's planned purchase of ING Management Holdings Sdn Bhd from ING Insurance Asia N.V..
*ISTANBUL- President Abdullah Gul to attend a ceremony with former British foreign minister Jack Straw. *ISTANBUL- Prime Minister Tayyip Erdogan will attend to Turkish-Kazakhstan Forum.