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Asia Top News and Analysis Philippines

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  • *Cuts focused on Europe; Visteon to close Philippines plant. Nov 1- Auto parts suppliers Visteon Corp and Delphi Automotive Plc said they were accelerating cost cutting as carmakers slash production in the face of slowing demand, especially in Europe.

  • *Sources say review of CNOOC bid for Nexen set to be extended. The Conservative government has promised to present new guidelines at around the same time it announces its decision on whether to approve a $15.1 billion bid by China's state-owned CNOOC Ltd to take over oil producer Nexen Inc.

  • *Cuts focused on Europe; Visteon to close Philippines plant. *Delphi third-quarter EPS $0.84 vs est $0.73. Nov 1- Auto parts suppliers Visteon Corp and Delphi Automotive Plc said they were accelerating cost cutting as carmakers slash production in the face of slowing demand, especially in Europe.

  • BUSINESS-NEWS-SCHEDULE AT 0930 GMT / 05.30 AM ET Thursday, 1 Nov 2012 | 9:54 AM ET

    BEIJING/ LONDON- Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released that showed renewed vim from China's factory sector and a rebound in South Korean exports (GLOBAL-ECONOMY/PMIS,, moved, by Lucy Hornby and Se Young Lee, 950 words).

  • Philippines grapples with cost of economic success Thursday, 1 Nov 2012 | 5:51 AM ET

    MANILA, Nov 1- Reforms pushed through by President Benigno Aquino have put the Philippines back on the map for international investors but authorities are struggling to control an inflow of capital that has pushed up the currency and threatens asset price bubbles.

  • Look for Value in Asia's 'Tiger Cubs' Wednesday, 31 Oct 2012 | 8:43 PM ET
    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.

  • MANILA, Oct 29- The Philippines, Asia's most aggressive issuer of sovereign debt, is a notch away from an investment grade credit rating after Moody's Investors Service upgraded its ratings by one level on Monday.

  • Reuters World News Highlights at 0820 GMT, Oct 29 Monday, 29 Oct 2012 | 8:20 AM ET

    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.

  • MANILA, Oct 29- The Philippines, Asia's most aggressive issuer of sovereign debt, is a notch away from an investment grade credit rating after Moody's Investors Service upgraded its ratings by one level on Monday.

  • Oct 29- Moody's upgraded the foreign and local currency long-term bond ratings of the Philippines by one notch to Ba1 from Ba2 On Monday, citing the country's improved economic performance and continued fiscal revenue buoyancy.

  • Philippine official: $121K for car thief's head Friday, 26 Oct 2012 | 11:19 AM ET

    MANILA, Philippines-- The vice mayor of a southern Philippine city has offered a $121,000 reward for the decapitated head of the alleged leader of a gang of car thieves.

  • *MSCI Asia ex- Japan tumbles, Nikkei eases in choppy trade. Financial spreadbetters expect London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open down as much as 1.2 percent. The MSCI index of Asia-Pacific shares outside Japan tumbled 1.2 percent, and was set for a weekly drop of about 1.5 percent, which would be its largest weekly decline in two months.

  • Philippines cuts interest rates by quarter point Thursday, 25 Oct 2012 | 5:48 AM ET

    MANILA, Philippines-- The Philippine central bank Thursday cut interest rates by a quarter percentage point to record lows to boost the economy amid a global slump. Amando Tetangco said the bank's fourth rate cut this year brings the cumulative reduction to one percentage point.

  • World stocks rise on continued optimism over China Thursday, 25 Oct 2012 | 5:18 AM ET

    BANGKOK-- World stock markets mostly rose Thursday as investors kept their sights on a possible improvement in China's economy. Britain's FTSE rose 0.5 percent to 5,836.92. Wall Street appeared headed for a day of gains, with Dow Jones industrial futures rising 0.4 percent to 13,078 and S&P 500 futures adding 0.6 percent to 1,413.20.

  • *China, Taiwan, Australian companies see dismal earnings. That compares to dreary corporate profits in China and others in the Asia-Pacific region, like Australia, that depended heavily on the now weakened buying power of major economies such as China.

  • UPDATE 1-Singapore Airlines in $7.5 bln Airbus deal Wednesday, 24 Oct 2012 | 11:31 AM ET

    SINGAPORE, Oct 24- Singapore Airlines will order five Airbus A380 aircraft and 20 more A350 planes in a deal valued at $7.5 billion, looking beyond a business slowdown that has led the carrier to stop hiring cadet pilots for now.

  • Enrollment up at Washington universities Wednesday, 24 Oct 2012 | 10:25 AM ET

    SEATTLE-- About a thousand more international students are enrolled at the University of Washington's Seattle campus this fall, but school officials say that doesn't mean they have cut back on the number of in-state students at the state's most selective public university.

  • *Boeing to meet airlines on large-jet needs. Jean-Marc Ayrault, who has just returned from Singapore and Philippines to help drum up business for French companies, told Airbus workers his trip had highlighted the importance of remaining competitive on world export markets.

  • Nielsen's top programs for Oct. 15-22 Tuesday, 23 Oct 2012 | 5:14 PM ET

    2. "60 Minutes," CBS, 15.86 million. 3. "The Big Bang Theory," CBS, 15.73 million. 4. "Person of Interest," CBS, 13.93 million.

  • Betting on Emerging Markets Tuesday, 23 Oct 2012 | 6:33 AM ET
    Betting on Emerging Markets

    A look at the newest investment plays in emerging markets, including the Philippines, Thailand, and others, with Ruchir Sharma, Morgan Stanley managing director.