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Nov 2, 2011

ASIA News, Nov 02, 2011


Nomura May Cut Japan Jobs as 'Nothing Is Sacred' After $590 Million Loss
Bloomberg
By Takahiko Hyuga - Wed Nov 02 06:44:53 GMT 2011 The firm has accumulated net losses of about 491 billion yen since it added 8000 employees from Lehman Brothers Holdings Inc.'s Asian and European businesses in 2008, according to data compiled by ...
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Bloomberg
S'pore solar industry still fledgling
Channel News Asia
By Lynda Hong | Posted: 02 November 2011 2343 hrs SINGAPORE: China's third-largest maker of solar panels may have made Singapore its Asian Pacific headquarters, but observers said Singapore solar companies are still in their early stages to even ...
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RESEARCH ALERT-CIMB upgrades DBS to outperform; target S$14
Reuters
SINGAPORE Nov 2 (Reuters) - CIMB Research has upgraded Singapore's DBS Group , Southeast Asia's largest bank, to outperform from underperform and raised its target price to S$14.00 from S$11.90. CIMB said DBS's third-quarter net profit was above its...
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MF Global Asia Units Move to Limit Fallout
Wall Street Journal
By ALISON TUDOR HONG KONG—MF Global Holdings Ltd.'s Asia units began the process of unwinding trades and selling off assets on Wednesday, under pressure from regulators looking to limit fallout in the region from the securities firm's collapse. ...
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SAFF Renews Partnership With World Sport Group
Bernama
Singapore-based WSG, Asia s leading sports marketing, media and event management company has been the exclusive commercial partner of SAFF since 1996, when they established an agreement to market South Asian football s marketing and television rights ...
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Cheung Kong, Lenovo, Mazda, Sony, UOB: Asia Stocks Preview
BusinessWeek
Singapore Ltd. (COS SP): The shipbuilding unit of China's biggest shipping company said third-quarter net income slumped 42 percent from a year earlier to S$32.2 million ($25 million). The stock climbed 3 percent to S$1.02. Cosmo Oil Co Ltd. (5007 JP): ...
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Russia's TNK-BP seeks Asia, S. America investments
MarketWatch
By Diana Kinch RIO DE JANEIRO (MarketWatch) -- Russian oil and gas producer TNK-BP is seeking new investments in South America and Southeast Asia as part of an international diversification policy, a company executive said Tuesday. ...
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Ayala Corp.'s energy unit, 3 PHL banks sign P9-B loan facility
GMANews.TV
The joint venture with Trans-Asia Oil and Energy Development Corp. will use the money to build and operate a 135-megawatt Circulating Fluidized Bed (CFB) power plant project. The loan facility was signed with Banco de Oro Unibank Inc., Security Bank ...
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Stocks Rebound, Commodities Rise
Bloomberg
2 (Bloomberg) -- Mohammed Apabhai, head of Asia trading strategy at Citigroup Inc., talks about Europe's sovereign debt crisis and its implications for global financial markets. Apabhai also discusses MF Global Holdings Ltd.'s bankruptcy. ...
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Bloomberg
MF Global Asia units begin unwinding trades
MarketWatch
The correct version follows:) HONG KONG (MarketWatch) -- MF Global Holdings Ltd.'s Asia units began the process of unwinding trades and selling off assets on Wednesday, under continued pressure from regulators looking to limit any fallout in the region ...
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Asia Fuel Oil-S.Korea WP buys 90000 T for Nov-Dec
Reuters Africa
SEOUL, Nov 2 (Reuters) - Korea Western Power Co Ltd (WP) has bought 90000 tonnes of high-sulphur fuel oil for Nov-Dec delivery via tenders closed on Wednesday at higher prices than its previous purchase, a utility source said. ...
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Sailing: SEA Games just a stepping stone, says S'pore Sailing
Channel News Asia
Out of the three events, we rate the SEA Games quite low, and of course we have the next target, the Asian Games, as well as the Olympic campaign to take care of." Still, preparations for the games started early and the young sailors are up for the ...
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Singapore Air to Attract Budget Travelers With Scoot
BusinessWeek
Singapore Air is adding the “no-frills” unit as AirAsia X Sdn. and Qantas Airways Ltd.'sJetstar boost budget long-haul services to tap rising Asian travel demand. “This is a move that they have to take to prevent losing market share,” said Andrew ...
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AT&T Samsung Galaxy S II Battery Life Increased by 9% by Mugen Power
San Francisco Chronicle (press release)
Mugen Power announces new extended battery for AT&T Samsung Galaxy S II. This new battery extends battery life by 9%. Mugen Power (www.mugen-power-batteries.com), producer of high performance batteries for portable electronic devices, today announces a ...
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PetroChina, First Asian firm to join world's top 5 energy ranks
India Infoline.com
A similar-sized climb was achieved by Korea's S-Oil Corp. to 91st place from 162nd. But Asia-Pacific's biggest leap came from Cairn India Ltd., which entered the Top 250 by climbing 166 rungs from 286th place to 120th. Executives from Asian companies ...
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Asian Stocks Fall, Yen Gains on Greece; U.S. Futures Rebound
San Francisco Chronicle
Sixty-nine percent of economists surveyed by Bloomberg say Chairman Ben S. Bernanke will embark on a third round of quantitative easing, or QE3, with a plurality of 36 percent predicting the move in the first quarter of next year, according to the poll ...
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Sinopec Said in Talks to Buy Stake in Galp's Brazilian Unit
BusinessWeek
State-owned Petroleo Brasileiro SA said yesterday it's seeking investors from Asia to develop fields in Brazil, South America's biggest oil producer after Venezuela. Galp, which has stakes in four offshore blocks in the Santos Basin, including the Lula ...
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Honeywell to Buy Singapore Shoemaker for $338 Million to Tap Asian Region
Bloomberg
King's Safetywear is majority owned by Navis Capital Partners, a Malaysian buyout firm that took the company private in December 2008 for about S$100 million ($78 million), according to the fund's website. King's Safetywear raised S$17.4 million in a ...
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StanChart eyes 9th record year for profits
Reuters
StanChart's update came on the same day as lenders Westpac Banking Corp of Australia and DBS Group Holdings Ltd of Singapore posted strong earnings, signalling banks which are focused on Asia and which have refrained from overly risky bets were still ...
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Badminton: New S$1.5m training facility for S'pore team
Channel News Asia
By Patwant Singh | Posted: 02 November 2011 2055 hrs SINGAPORE: Team Singapore shuttlers got a boost ahead of the Indonesia SEA Games, with a new S$1.5 million training facility. Located along Lorong 23 Geylang, the Singapore Badminton Hall boasts 14 ...
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Och-Ziff Profit Falls 4% on Market Turbulence
New York Times
The Asia fund was off about 1.4 percent. An opportunistic fund, the firm's smallest portfolio, had a gain of about 3.1 percent. “Institutional investors continue to demonstrate a high level of interest in alternative strategies, although their decision ...
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PayPal opens Southeast Asia operations centre
AFP
"We couldn?t be more pleased to open this new facility in Malaysia to help support our growth and better serve our customers in Asia and around the world," John McCabe, PayPal?s senior vice president of global operations, said in a statement Tuesday. ...
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AFP
Apabhai Says Citigroup Buying Across All Asian Markets (Video)
Bloomberg
2 (Bloomberg) -- Mohammed Apabhai, head of Asia trading strategy at Citigroup Inc., talks about Europe's sovereign debt crisis and its implications for global financial markets. Apabhai also discusses MF Global Holdings Ltd.'s bankruptcy. ...
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Bloomberg
Saudi Aramco sells A961 fuel oil at record-high premium
Reuters
"The market has been superlatively tight, especially in the past 1-2 weeks, on low-density, low-water cargoes, especially East Asia. It has been pulling all these barrels from the Middle East, to a point where it is getting short here too. ...
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Ashish Chugh s view on Nucleus Software
Moneycontrol.com
“It derives most of its business from Far East and South East Asia. Besides that the company has presence in UAE, Africa and also small presence in Europe and US. US contributes just about 1.5-2% of the total revenues but major revenue comes from Japan...
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Sony Forecasts Full-Year Loss on Yen, Waning Sales of TVs, Cameras in U.S.
Bloomberg
Honda Motor Co., Japan's third-largest carmaker, on Oct. 31 withdrew its forecasts after Thailand flooding crippled its production in Southeast Asia. Honda scrapped the forecasts as it reels from a disaster that's inundated 10000 factories and flooded ...
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Bloomberg
Indian shares to open weak; Hero MotoCorp watched
Reuters
S.Korea... SE Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... OTHER MARKETS: Wall Street .... Gold ....... Currency.. Eurostocks..... Oil ........ JP bonds... ADR Report ..... LME metals. US bonds.. Stocks News US. ...
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DBS Profit Unexpectedly Gains 6% as Singapore Credit Climbs
BusinessWeek
2 (Bloomberg) -- DBS Group Holdings Ltd., Southeast Asia's largest bank, unexpectedly posted a third-quarter profit gain of 6 percent after increasing lending to compensate for narrower interest margins. Net income rose to S$762 million ($596 million) ...
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New Leader Says US Base in Kyrgyzstan Will Be Shut
New York Times
Officially called a “transit center,” the base, which is at the Manas airport close to the Kyrgyz capital, Bishkek, has been a crucial supply hub for the war in Afghanistan since 2001 and is the only one of its kind in Central Asia. ...
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New York Times
XE.com - Asia Fuel Oil-S.Korea WP buys 90000 T for Nov-Dec
Keywords: Search for a news provider, date, or keywords. News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters Date format: yyyy-mm-dd. Refresh Articles.Asia Fuel Oil-S.Korea WP buys 90000 T for Nov-Dec. Top Articles ...
XE Forex News
South Korean former Prime Minister cleared of ... - Siam Daily News
By XinhuaNET.COM
S. Korean former PM cleared of receiving illegal political funds A local court on Monday found South Korea's former Prime Minister Han Myeong-sook not guilty.
Siam Daily News Online
S. Korea and US to write defense plan on N ... - Asia News Network
South Korea'>Korea and the U.S. agreed to establish a joint operational plan to counter North Korea'>Korean provocations within this year and strengthen ...
www.asianewsnet.net/home/news.php?id=23259
The world's religions commitment to peace - Asia News
Assisi (AsiaNews) - The participants in the pilgrimage of prayer in Assisi have spoken of their witness for peace. Here are some passages which seem ...
www.asianews.it/.../The-world's-religions-commitment-to-peac...
Etisalat`s Group Asia News Etisalat Afghanistan to the ... - Dubib.com
Etisalat Afghanistan, a 100% owned subsidiary of Etisalat Telecommunications, UAE and the official sponsor of National Afghanistan Cricket Team anno.
www.dubib.com/.../16729_etisalat-s-group-asia-news-etisalat-a...
Car bomb explosion rocks Kandahar in South Afghanistan - Asia News
Car bomb explosion rocks Kandahar in S Afghanistan A car bomb exploded and gunshots followed in the south Afghan town Kandahar, local deputy provincial ...
www.siamdailynews.com/.../car-bomb-explosion-rocks-kanda...
US, South Korea to Increase Defense Posture Against North Korea
The U.S. and South Korea have pledged to "advance combat readiness capabilities" near the disputed sea border with North Korea, warning against any future ...
www.voanews.com/.../US-South-Korea-to-Increase-Defense-P...
US, South Korea to Increase Defense Posture Against ... - VOA News
The U.S. and South Korea have pledged to "advance combat readiness capabilities" near the disputed sea border with North Korea, warning against any future ...
www.voanews.com/.../US-South-Korea-to-Increase-Defense-P...
Korea's Weakest Export Gain Since '09 Signals Risks for Asia
1 (Bloomberg) -- South Korea's exports increased at the slowest pace in two years last month, adding to signs that weaker global demand for Asian products ...
www.businessweek.com/.../korea-s-weakest-export-gain-since-...
U.S., S Korea join hands against N Korea ... - Entertainment Asia
Associated PressSEOUL, South KoreaThe U.S. and South Korea declared that any North ... Entertainment Asia News and info on Asian Entertainment Industry ...
www.asia-e.com/u-s-s-korea-join-hands-against-n-korea-prov...
Art review: New Galleries for the Art of the Arab Lands, Turkey ...
Instead of Islamic Art, the words above the entrance read Art of the Arab Lands, Turkey, Iran, Central Asia and Later South Asia. Curators say this rather ...
www.northjersey.com/.../132977718_Met_s_Islamic_art_mak...
SRK's crazy Fans - October 26, 2011 - Daily News from India and ...
South Asian News(14:19). (Oct 27, 2011) South Asia News Line - covers the day'snews and events in India, Pakistan and the other nations of South Asia. ...
ww.smashits.com/srk-s-crazy-fans/snoop-news-26684.html
XE.com - Asia Naphtha-S Korea buys H1 Dec vols at discount
South Korea's LG Chem bought first-half December naphtha at a discount of at least $1.25 a tonne to Japan spot quotes on a cost-and-freight (C&F) basis, ...
www.xe.com/news/2011-11-01%2006:05:00.../2252717.htm
Asia Travel News - Travel Industry Today
Latest travel news for travel industry professionals & analysts. ... s part of the experience of travelling in south-east Asia and all over the world," … pollution and ...
travel.einnews.com/region/asia
Pricier hotel rooms in Spore amid crunch (The Straits Times ...
News for the Hospitality Executive ... By Ng Kai Ling, The Straits Times, Singapore /Asia News NetworkMcClatchy-Tribune Regional News ... Last year, tourists paid an average of S$212 a room -- which was S$20 more compared with 2009. ...
www.hotel-online.com/News/2011.../k.ANN.1319483886.htm...
ABC Shop data moves to offshore S'pore cloud - ZDNet Asia News
Australian Broadcasting Corporation's decision to offshore hosting of online shop to Amazon Web Services part of its overhaul, and some customer data will be ...
www.zdnetasia.com/abc-shop-data-moves-to-offshore-spore-cl...
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