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Asia Top News and Analysis Taiwan

  • Meanwhile, comments by the International Monetary Fund on the global economy "provide a gloomy backdrop" for the day, said Monument Securities analyst Marc Ostwald. After a weak session Monday, Wall Street opened slightly lower again, with the Dow Jones Industrial index down 0.1 percent to 13,565.45, and the S&P 500 down 0.1 percent at 1,454.61.

  • Oct 9- Spectrum Brands Holdings Inc will buy Stanley Black& Decker Inc's door lock and bath fixture business for $1.4 billion, adding brands such as Kwikset and Price Pfister to a line-up that includes Rayovac batteries and Remington shavers.

  • SINGAPORE, Oct 9- The Asian naphtha price rebounded to a five-session high of $965 a tonne on Tuesday, with the intermonth premium recovering to reach $12.00 a tonne as demand from South Korea returned.

  • SINGAPORE, Oct 9- Taiwan's Formosa Petrochemical Corp has delayed receiving two naphtha shipments to November from October after it cut operating rates at its 2.93 million tonnes per year naphtha cracking complex, traders said on Tuesday.

  • NEW BRITAIN, Conn.-- Tool maker Stanley Black& Decker Inc. is selling its hardware and home-improvement business to Spectrum Brands Holdings Inc. for $1.4 billion in cash. Stanley Black& Decker, which is based in New Britain Conn., said the sale is part of its ongoing strategy to diversify its revenue and geographic reach.

  • AMSTERDAM-- World stock markets mostly declined Tuesday against a backdrop of worries about global economic growth and Europe's debt crisis. Meanwhile, comments by the International Monetary Fund on the global economy "provide a gloomy backdrop" for the day, said Monument Securities analyst Marc Ostwald.

  • *United Spirits surges on hopes for Diageo deal. MUMBAI, Oct 9- Indian shares recovered on Tuesday from two previous sessions of losses as dented stocks such as Infosys rose, while private banks such as ICICI Bank gained on hopes their quarterly earnings would prove resilient.

  • A day before, the World Bank issued a warning about a slackening expansion in Asia. Britain's FTSE 100 fell more than 0.2 percent to 5,827.72. The picture was not as bleak in Asia, where stock market performance was mixed.

  • Oct 09- Fitch Ratings has affirmed Taiwan- based Far Eastern International Bank's ratings, including its Long-Term Issuer Default Rating of' BBB-' with Stable Outlook. A full rating breakdown is provided at the end of this commentary.

  • TAIPEI, Oct 9- The table below shows the daily net trading in Taiwan stocks by three major categories of institutional investors, in millions of Taiwan dollars. A negative figure indicates net selling.

  • TAIPEI, Oct 9- Taiwan's Compal Electronics Inc, the world's No.2 contract laptop PC maker, said on Tuesday that September sales rose 10.2 percent to T $59.27 billion from a year earlier.

  • TAIPEI, Taiwan-- Taiwan is asking Apple Inc. to blur a map image of its new $1.4 billion early warning radar station that can detect aircraft and missiles coming from as far as western China. Defense Ministry spokesman David Lo said Tuesday that Apple should follow its rival Google in using only low-resolution satellite pictures to show sensitive facilities.

  • TAIPEI/ SINGAPORE, October 09 Fitch Ratings has affirmed Taiwan- based Taichung Commercial Bank's ratings, including Long-Term Issuer Default Ratings at' BB+' with Stable Outlook. A full rating breakdown is detailed below.

  • TAIPEI, Oct 9- Taiwan's UMC, the world's No.2 contract chipmaker, said on Tuesday its September sales rose 11.5 percent from a year earlier, but dipped from August. United Microelectronics Corp had sales of T $9.11 billion last month, compared with T $8.18 billion in the same month last year and T $9.8 billion in August, the company said on its website.

  • MELBOURNE, Oct 9- Australian shares climbed 0.5 percent to a fresh 14- month high on Tuesday, with miners boosted by a jump in iron ore prices that helped offset concerns about global economic growth. No. 3 iron ore miner Fortescue Metals Group. rose 3.6 percent and Northern Iron.

  • TAIPEI, Oct 9- Taiwan stocks ended down 0.31 percent on Tuesday, with HTC. limit-down after posting a 79 percent fall in net profit in the third quarter, missing forecasts. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........

  • TAIPEI, Oct 9- TSMC, the world's biggest contract chip maker, said on Tuesday that unconsolidated sales in September rose 30.3 percent from a year earlier, though they fell back from August.

  • TAIPEI/ HONG KONG/ SINGAPORE, October 09 Fitch Ratings has affirmed the ratings of Taishin Financial Holdings Company and its subsidiaries, Taishin International Bank and Taishin Securities Co., Ltd. The Outlooks are all Stable.

  • Stock markets gains in Asia came despite the International Monetary Fund cutting its forecast for global economic growth, just a day after the World Bank issued a warning about a slackening expansion in Asia. "Asia has grown nearly 32 in the four years since Lehman Brothers collapsed," analysts at DBS Bank Ltd. in Singapore said in a market commentary. "

  • BANGKOK, Oct 9- Following is some company-related and market news which could have an impact on the local market. SE ASIA STOCKS-Most retreat amid global concerns; Jakarta off record STOCKS TO WATCH-- POLYPLEX PCL.