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Business Middle East

  • Treasury Secretary Timothy Geithner, Fed Chairman Ben Bernanke start a two-day visit to India. *India Power Minister to address press at Economic Editors Conference. *India oil minister and company officials at Economic Editors Conference.

  • *Tender closes on Oct. 19, valid until Oct. 26. SINGAPORE, Oct 9- Pakistan State Oil is seeking up to 845,000 tonnes of oil products for delivery from November 2012 to February 2013, about 50 percent more than it bought for September to December delivery, a tender document showed on Tuesday. The tender closes on Oct. 19 and is valid until Oct. 26.

  • SINGAPORE, Oct 9- Pakistan State Oil is seeking 845,000 tonnes of oil products for delivery from November 2012 to February 2013, about 50 percent more than it bought for September to December delivery, a tender document showed on Tuesday.

  • *Asian shares rose on Tuesday but were capped by concerns over global growth prospects, especially in the world's second-biggest economy China, and expected weak U.S. corporate earnings.

  • SINGAPORE, Oct 9- Pakistan State Oil is seeking 845,000 tonnes of oil products for delivery from December 2012 to February 2013, about 50 percent more than it bought for September to December delivery, a tender document showed on Tuesday.

  • STOCKS TO WATCH> PT Astra Daihatsu Motor, a unit of Astra International, plans to spend 1 trillion rupiah to add 30 car dealerships over the next three years, said CEO Suparno Djasmin.> PT Pertamina EP, an upstream unit of state oil and gas firm PT Pertamina, said it will miss the 2012 oil output target of 132,000 barrels per day, as the firm has suspended its oilfields operation in Cirebon, West Java, after mass rally on Oct.3 turned chaotic, said Agus Amperianto, the company's human relations officer.> Small-sized lender Bank Maspion CEO Herman Halim expects to launch an initial public offering in the first quarter of 2013 and expects to raise 100 billion rupiah by selling 11 percent of its enlarged capital.

  • 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.

  • Financial Times Headlines INVESTOR OPPOSITION TO BAE DEAL MOUNTS- OSBORNE DELIGHTS TORY RIGHT WITH SPEECH- IRAQ SEND CRUDE OIL TO SYRIA- RECKITT ADMITS CHIEF SHARE PLEDGE BREACH- BP'S PARTNER IN TNK-BP LOOKS TO SELL STAKE- TOTAL WARNS OVER' INACCURATE' BENCHMARKS- FINANCIAL STALWARTS LINE UP TO LEAD BOE- EURO ZONE LAUNCHES 500 BLN EURO RESCUE FUND- STANCHART TARGETS SUB-SAHARAN PUSH- Overview INVESTOR OPPOSITION TO BAE DEAL MOUNTS.

  • MELBOURNE, Oct 9- Australian shares climbed 0.5 percent to a fresh 14- month high on Tuesday on 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.

  • GLOBAL MARKETS-Stocks, oil falter on view on China economy. STOCK TO WATCH- ALLIANCE GLOBAL GROUP INC. Shares of conglomerate Alliance Global, which have risen sharply over the past month, could reverse, technical charts suggest.

  • SE ASIA STOCKS-Most retreat amid global concerns; Jakarta off record STOCKS TO WATCH-- DBS GROUP HOLDINGS LTD. -Southeast Asia's largest bank DBS said on Monday this year it will be holding its board meeting in Taiwan for the first time, in a move aimed at underscoring the importance of the market to the bank.

  • 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.

  • rose 38 cents to $89.71 a barrel in early Asia trading, after dropping 55 cents the previous session. *Turkish President Abdullah Gul said on Monday the "worst-case scenarios" were now playing out in Syria and Turkey would do everything necessary to protect itself, as its army fired back for a sixth day after a shell from Syria flew over the border.

  • TOKYO, Oct 9- Japan's Nikkei share average was seen starting weak on Tuesday as concerns grow that companies will slash full year forecasts when they announce quarterly earnings, after the World Bank warned China's slowdown could be more protracted than thought.

  • MELBOURNE, Oct 9- Australian shares eked out a 0.1 percent gain early on Tuesday, with support from higher iron ore prices countered by concerns about the global growth outlook after the IMF cut its economic forecasts for the second time since April.

  • SEOUL, Oct 9- Following is a list of events in South Korea as well as news stories and press reports that may influence financial markets. >Australia's Aquila fights to trim $7.6 bln project.

  • CANBERRA, Oct 9- Australian shares are likely to lack strong direction early on Tuesday, with support from higher iron ore prices and an improvement in China's services sector countered by losses in copper prices and concerns about the global growth outlook.

  • MANILA, Oct 9- The Philippines has long been among Asia's most aggressive sovereign borrowers. Much of the enthusiasm for the Philippines-- not so long ago considered the "sick man of Asia"-- reflects President Benigno Aquino III's efforts to curb corruption, reduce the budget deficit and increase spending on infrastructure.

  • MANILA, Oct 9- The Philippines has long been among Asia's most aggressive sovereign borrowers. Much of the enthusiasm for the Philippines-- not so long ago considered the "sick man of Asia"-- reflects President Benigno Aquino III's efforts to curb corruption, reduce the budget deficit and increase spending on infrastructure.

  • Oct 9- The Middle East and North Africa's oil exporting countries will see economic growth accelerate in 2012 to 6.6 percent, mainly due to a strong rebound of activity in Libya, the International Monetary Fund said on Tuesday.