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Asia Top News and Analysis Vietnam

  • LAS VEGAS-- Shares of Pinnacle Entertainment hit annual highs Wednesday after the casino operator halved its losses for the third quarter and beat Wall Street expectations. Pinnacle Entertainment Inc. owns and runs a total of seven casinos, in Louisiana, Missouri, and Indiana, as well as a racetrack in Ohio.

  • *Group beer volumes fall in western Europe, rise elsewhere. *Shares down 2.6 pct, among weakest in Europe. BRUSSELS, Oct 24- Heineken NV, the world's third-largest brewer, reported stronger than expected third-quarter group revenue on Wednesday, boosted by U.S. and emerging market strength and price hikes, but investors focused on weakness in Europe.

  • PURCHASE, N.Y.-- PepsiCo Inc. will sell Japan's Suntory Holdings Ltd. a 51 percent stake in its Vietnam beverage business, with the two companies combining resources to expand in the growing market. Both Suntory and PepsiCo executives will help manage the business, which will serve as the bottler for both companies in Vietnam.

  • MANILA, Philippines-- A senior official said Friday China wants to improve relations with the Philippines following a strain in relations over a territorial dispute in the South China Sea.

  • Frontier Markets: The New Safe Haven?

    Douglas Clayton, Managing Partner, Leopard Capital, explains why frontier markets could be the best place to hide as global economic volatility continues.

  • BEIJING-- In the simplistic narrative of U.S. presidential politics, China is a Hollywood villain, a monetary cheat that is stealing American jobs.

  • --U.S. river cruise operator Viking Cruises Ltd. plans to issue $250 million in senior notes. On Oct. 9, 2012, Standard& Poor's Ratings Services assigned Woodland Hills, Calif.- based river cruise operator Viking Cruises Ltd. its' B+' corporate credit rating.

  • SINGAPORE, Oct 12- The Asian naphtha price and margins ended the week at a three-session low of $985 a tonne and $123.03 a tonne respectively to mirror the fall in European values as gasoline demand softened. "The fall in margins today was a reflection of the gasoline market in Europe," said a Singapore- based trader.

  • India's Essar Oil has offered its first November loading cargo which will make it the company's fifth diesel export in two years.

  • BANGKOK, Oct 12- Most Southeast Asian stocks posted small gains on Friday as large caps and stocks such as Wilmar International. The index was down 2.13 percent on the week, its worst weekly loss since May and Southeast Asia's worst performing market. Among weak spots, Malaysia eased 0.13 percent on Friday, down 0.4 percent on the week.

  • Oct 12- The following table updates the assets and registered capital of banks in Vietnam, based on their latest published reports. Technological& Commercial Bank 12-11 180,531.2* 8,848. Petrolimex Group Bank 06-12 19,581.0 3,000.

  • --Vietnam's state budget collection in the first nine months of 2012 edged up 1.3 percent from a year ago to 498.49 trillion dong, while expenditure rose 14.5 percent in the period to 643.21 trillion dong, the finance ministry said. THOI BAO KINH TE VIETNAM.

  • -DBS Group, Southeast Asia's largest lender, has agreed to sell more than half of its stake in Bank of Philippine Islands. to Ayala Corp for S $757.3 million to boost its capital base.-- SEMBCORP INDUSTRIES LTD. -Budget carrier Tiger Airways said it appointed Ho Yuen Sang as the managing director of its Singapore operations.

  • Oct 11- Cotton prices extended losses in early trade on Thursday after the U.S. government raised its inventory forecast for the season to end-July 2013 to a new record of close to 80 million 480- lb bales, reinforcing concerns about falling demand from China, the world's largest textile market.

  • *Limitless to now be owned by Dubai government. DUBAI, Oct 11- Indebted Dubai property firm Limitless has concluded the restructuring of a $1.2 billion loan, bringing to an end talks that have lasted over two years.

  • DUBAI, United Arab Emirates-- An indebted property division of Dubai World behind plans to dig a massive canal through the Dubai desert says it has completed a deal to rework the terms on $1.2 billion of loans.

  • DUBAI, Oct 11- Limitless, the indebted property arm of Dubai World, has reached an agreement with creditors to restructure a $1.2 billion Islamic loan, the company said on Thursday. Limitless will also shortly commence a procees to transfer ownership of itself to the Dubai government from conglomerate Dubai World, it said in a statement.

  • BANGKOK, Oct 11- Stocks in Malaysia, the Philippines and Vietnam slipped in light trade on Thursday, led by blue-chip stocks such as Axiata Group Bhd. Singapore recouped earlier losses, helped by late buying in beaten-down large caps, with the benchmark Straits Times Index.

  • PHNOM PENH, Oct 11- Cambodia has threatened legal action against two U.S.-funded radio stations, accusing them of favouring opposition parties and promoting U.S. foreign policy, sources said on Thursday.

  • *Vietnam's new crop offered at $30 below London. SINGAPORE, Oct 11- Trading houses offered beans from Vietnam's new crop at discounts to London futures this week, but Indonesian robustas returned to premiums despite a lack of interest from roasters, dealers said on Thursday.