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Asia Top News and Analysis Thailand

  • 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.

  • 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.

  • 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.

  • But the high-pitched row between Beijing and Tokyo over their ownership is exacting a growing toll on Japan, threatening to send its recovery from last year's disasters into reverse.

  • 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.

  • SINGAPORE, Oct 9- Key shareholders of Bangkok Dusit Medical Services are selling a combined 13.7 percent stake in the hospital firm in a deal to raise as much as $740 million in Thailand's biggest equity trade this year, IFR reported on Tuesday. Bualuang Securities and Credit Suisse are joint global co-ordinators. Credit Suisse is also the sole bookrunner.

  • BANGKOK, Oct 9- Stocks in Singapore, Thailand and the Philippines edged lower on Tuesday amid broad-based sell-off in regional large caps such as Metropolitan Bank& Trust Co. and Siam Cement Pcl as concerns about global growth dented investor sentiment. Late selling erased most of morning gains in Malaysia.

  • The Silk Road Yangon Property Index, which measures the average price per square foot of residential property in Yangon, the commercial capital, rose 39 percent in the first nine months of the year.

  • SINGAPORE, Oct 9- Southeast Asia, led by Thailand and Philippines, have emerged as the best performing stock markets in Asia so far this year as investors turn to domestic-orientated economies.

  • 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.

  • NEW YORK, Oct 9- Vietnamese-born chef Charles Phan shares his passion for his homeland and tips about how to cook its delicious food in his first cookbook, "Vietnamese Home Cooking". Phan and his family fled to Guam from Vietnam in 1975 before settling in San Francisco a couple of years later. runs six other eateries in San Francisco.

  • The National Broadcasting and Telecommunications Commission will hold the much-delayed auction on Oct. 16. Market leader Advanced Info Service, 21 percent owned by Singapore Telecommunications Ltd, will bid through wholly owned unit Advanced Wireless Network Co. Ltd..

  • Oct 9- Malaysia's factory output probably fell for the first time in 13 months in August because of weak demand for its top exports of commodities and electronics, analysts polled by Reuters said, warning that the global trade slowdown could get worse.

  • Oil prices appeared set for a modest rebound Tuesday after three days of losses, rising nearer to $90 a barrel on supply concerns due to the Syrian conflict and delays in shipments of North Sea oil. By early afternoon in Europe, benchmark crude for November delivery was up 50 cents to $89.83 a barrel in electronic trading on the New York Mercantile Exchange.

  • 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.

  • HONG KONG, Oct 9- Hong Kong- based Ardon Maroon Fund Management, run by former Wall Street bank executives, has launched an Asia- focused hedge fund with seed capital from a European family office, a company document showed, aiming to profit from events such as mergers and restructurings.

  • BANGKOK, Oct 9- Amata Corporation Pcl:. *The company raised its 2012 land sales target to 3,500 rais from 3,000 rais due to positive investment sentiment, it said in a statement. *It expects an improved investment trend next year due to more manufacturing plant relocations to Thailand.

  • Shares in CIMB Thai Bank Pcl retreated from a near 1-1/ 2 year high after the bank denied a newspaper report about a plan by its parent, CIMB Group Holdings Bhd, to buy a stake in Bank of Ayudhya.

  • 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. "

  • Maybank Kim Eng Securities raised its price target on state run Krung Thai Bank Pcl to 25 baht from 19 baht, reflecting strong loan growth outlook boosted by government spending. On Monday, Krung Thai Bank shares closed down 0.5 percent at 18.6 baht.