Asia-Pacific News Southeast Asia

  • Kenanga Research started coverage of HELP International Corp Bhd with a' market perform' rating and a target price of 2.04 ringgit per share, underpinned by the education firm's rising student base and increasing home-grown programmes.

  • -Vietnam's exports may hit $113 billion this year, $4 billion over the government's target, said Nguyen Tien Vi, director of the Trade and Industry Ministry's planning department.

  • Oct 1- A U.S. court removed a sales ban against Samsung Electronics Co Ltd's Galaxy Tab 10.1 won by Apple Inc in a patent dispute, allowing the South Korean electronics maker to sell the product in the United States.

  • SINGAPORE Oct. 2, 2012-- The rebuilding efforts in response to the 2011 earthquake and tsunami have been giving Japan's economy a boost, but the reconstruction-fueled recovery is set to run out of steam, Standard& Poor's Ratings Services said in a report published today.

  • BANGKOK, Oct 2- Following are some company-related and market news which could have an impact on the local market. SE ASIA STOCKS-Most weak in light volume, Malaysia outperforms. STOCKS TO WATCH-- SANSIRI PCL.

  • Affin Investment Bank upgraded Malaysia Marine and Heavy Engineering Holdings Bhd to' reduce' from' sell' and raised its target price to 4.60 ringgit per share from 4.02 ringgit, on optimism about the oil and gas service firm's future contract flow.

  • South Korea's Kospi rose nearly 0.3 percent to 2,001.41 and Australia's S&P/ASX 200 gained 0.6 percent to 4,413.80. Benchmarks in Singapore, Taiwan and Malaysia also rose. The better news on manufacturing helped investors set aside concerns of a possible downgrade by credit rating agency Moody's of Spain's debt rating to junk status.

  • MELBOURNE, Oct 2- Australian shares advanced 0.5 percent on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.

  • Oct 1- U.S. power producer Dynegy Inc, which counts billionaire financier Carl Icahn among its shareholders, said on Monday it has emerged from Chapter 11, less than a month after winning court approval for its bankruptcy plan.

  • SINGAPORE, Oct 2- U.S. crude eased closer to $92 a barrel on Tuesday, as concerns over the pace of economic recovery in the United States and the possibility of a recession in Europe weighed on investors. was down 14 cents at $92.34 a barrel by 2338 GMT, after settling up 29 cents at $92.48 on Monday.

  • MANILA, Oct 2- The Philippines has extended daily onshore currency trading hours by 30 minutes, which the banking industry said would align the market with the rest of Asia and better address the needs of invertors and business.

  • TAIPEI, Oct 2- Taiwan stocks rose 0.36 percent on Tuesday, joining other Asian bourses in gains after an unexpected expansion in U.S. factory activity buoyed sentiment, with defensive plays such as transport. The Taiwan dollar was up by T $0.083 to trade at T $29.319. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........

  • Financial Times Headlines BANKS REAP PROFITS ON MORTGAGES AFTER QE3- CALL FOR BANK BONUSES TO BE PAID IN DEBT- GOOGLE MARKET CAP TOPS MICROSOFT- XSTRATA RECOMMENDS GLENCORE OFFER- FOUR CHARGED IN INSIDER TRADING DEALING CASE- WORKDAY EYES $3.8 BLN VALUATION IN IPO- BAKRIES TO SELL ASSETS TO REPAY LOAN- FRANCE THROWS COLD WATER ON EADS DEAL- SAC PLACES TOP MANAGER ON LEAVE- Overview BANKS REAP PROFITS ON MORTGAGES AFTER QE3.

  • ----PREVIOUS ITEM: Philex to contest mine leak penalty- The Philippine Star----.

  • *MSCI Asia ex- Japan steady, Nikkei opens up 0.3 pct. Markets in China, Hong Kong and India are closed for holidays on Tuesday. The MSCI index of Asia-Pacific shares outside Japan.

  • Oct 1- Dynegy Inc said on Monday that it has emerged from Chapter 11, less than a month after the power producer said it won court approval of its bankruptcy plan. Creditors of Dynegy Inc and its Dynegy Holdings LLC unit had voted overwhelmingly in favor of their joint bankruptcy reorganization plan.

  • NOTE: Reuters has not verified this story and does not vouch for its accuracy.

  • SE ASIA STOCKS-Most weak in light volume, Malaysia outperforms STOCKS TO WATCH-- SINGAPORE AIRLINES LTD, TIGER AIRWAYS HOLDINGS LTD. -Singapore Airlines' budget unit, Scoot, and Tiger Airways have signed a partnership agreement and will offer some joint itineraries.

  • TAIPEI, Oct 2- Following are news items and media reports that may affect the Taiwan stock market. REUTERS HEADLINES> Nokia sells mapping services to Oracle. >3 M, Honeywell step up deals amid econ uncertainty.

  • ----PREVIOUS ITEM: Govt still in talks to cut dependency on oil.