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Asia Top News and Analysis South Korea

  • SEOUL, Oct 10- Korea Midland Power Co Ltd bought 900,000 tonnes of coal for delivery between November and December via tenders last Thursday, a utility source said on Wednesday. The utility purchased 770,000 tonnes of Indonesian coal at around $70 on a free-on-board basis. It bought the remainder of Australian origin at around $80 FOB, the source said.

  • HONG KONG, Oct 10- Hong Kong shares are set to dip on Wednesday if weakness on Wall Street sparks profit-taking after the previous session's China- led rally. Meanwhile, the European Commission has delayed a trade case against Huawei and ZTE Corp, easing tensions between the European Union and China.

  • SEOUL, Oct 10- South Korean shares fell on Wednesday, tracking losses in global equity markets as investors worry that upcoming U.S. earnings reports have been hit by a slowdown in global economic growth. Shares in Korea Electric Power Corp were down 3.3 percent after a source said Korea Deposit Insurance Corp was looking to sell up to $235 million worth of shares.

  • MELBOURNE, Oct 10- Australian shares fell 0.4 percent on Wednesday, with some of the biggest declines recorded by gold miners after bullion prices headed lower offshore. eased 0.6 percent to 3,882.8 after U.S. stocks fell on increasing worries about third-quarter earnings and the International Monetary Fund warned on global growth.

  • SEOUL, Oct 10- Following are details of South Korea's employment data for September, released by Statistics Korea on Wednesday:.

  • SEOUL, Oct 10- Following is a list of events in South Korea as well as news stories and press reports that may influence financial markets. *Global equities and the euro fell on Tuesday on concerns over the U.S. earnings outlook and a stark warning from the IMF about global growth, while oil jumped on escalating tensions in the Middle East.

  • MELBOURNE, Oct 10- Australian shares may ease from 14- month highs on Wednesday after U.S. stocks fell on concerns over third-quarter earnings, although energy companies may be boosted by a sharp rise in oil prices. *Energy companies such as Woodside Petroleum.

  • --We are raising our issue-level rating on Montreal- based Resolute Forest Products Inc.' s US $850 million senior secured notes to' BB' from' BB-', and revising our recovery rating on the debt to' 2' from' 3'. --We base the revision to the recovery rating on the company's lower debt levels due to recent voluntary debt repayments from internally generated cash flows.

  • SEOUL, Oct 9- North Korea has rockets that can hit the U.S. mainland, it said on Tuesday, two days after South Korea struck a deal with the United States to extend the range of its ballistic missiles.

  • AMSTERDAM-- World stock markets fell Tuesday on a gloomy forecast from the IMF and worries over Europe's debt crisis ahead of the start of earnings season.

  • *Solar panel makers have also filed action in Europe against Chinese manufacturers. WASHINGTON/ LOS ANGELES, Oct 8- The U.S. Commerce Department on Wednesday will announce final duties on billions of dollars of solar panels from China in a high-profile case that has raised fears of further damage to an already fragile industry.

  • WASHINGTON-- In a story Oct. 2, The Associated Press reported that South Korea had set a goal to make all of its textbooks digital by 2015. In June, South Korea modified the plan to exclude some grades and to allow paper textbooks to be used alongside digital books while paper books are phased out.

  • 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.

  • 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.

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    Greece and Spain drive the euro and Japan and South Korea shrink their swap — it's time for your FX Fix.

  • SINGAPORE, Oct 9- Asia's fuel oil cash differentials recovered on Tuesday as low prices helped to stir up buying interest. Cash differential for 180- centistoke fuel oil narrowed more than a dollar to a discount of 40 cents a tonne above Singapore spot quotes, the highest in three sessions.

  • 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.

  • 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.

  • HONG KONG, Oct 9- State-run Korea Deposit Insurance Corp launched on Tuesday an up to $235 million shares selldown in Korea Electric Power Corp, a source with direct knowledge of the plan said.

  • *Japan's hefty holding of overseas assets offsets weak exports. TOKYO, Oct 9- Japan's current account surplus unexpectedly rose i n August from a year earlier due to an increase in earnings on overseas investments, but a faltering Chinese economy and Europe's debt crisis still cloud the export outlook.