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Nov 11, 2011

ASIA News, Nov 11, 2011


Asia Naphtha-S.Korea KPIC, Honam finalising term purchases
Reuters Africa
Honam had a year ago signed a 2011 deal for 600000 tonnes of naphtha at minus $4.50-$5.00 a tonne. A string of term negotiations are ongoing as this is the season where buyers and sellers will discuss about renewing term contracts. South Korea's S-Oil, ...
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Goldman Sachs's Asia Co-President Yusuf Alireza Leaves Company, Memo Says
Bloomberg
By Cathy Chan - Fri Nov 11 05:01:32 GMT 2011 Yusuf Alireza, who was promoted to co-president of Goldman Sachs Group Inc. (GS)'s operations in the Asia-Pacific region outside Japan in January, is leaving after 19 years with the company, according to an ...
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Asian Stocks Rise on US Jobless Data, Easing Europe Concern
BusinessWeek
Of the 538 companies on the Asian gauge that reported earnings since Oct. 11, 247 missed analysts' estimates, while 186 exceeded expectations, according to data compiled by Bloomberg News. Genting Singapore sank 5.9 percent to S$1.585, poised for its ...
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S Asia rivals due to hold talks
BBC News
The two prime ministers held an almost hour-long meeting on the sidelines of the South Asian Association for Regional Co-operation (Saarc) meeting in the Maldives, which is being attended by eight heads of government. "The next round of talks will be ...
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BBC News
SE Asia Stocks-Subdued end to week but Thai stocks rally
Reuters
S'pore's Noble bounces back after sell-off * Indonesia, Malaysia, Philippines see tiny inflows By Viparat Jantraprap BANGKOK, Nov 11 (Reuters) - Some Southeast Asianstock markets edged up on Friday, helped by selective buying in medium-caps that have...
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Bridgestone, Cnooc, LG, Resona, Noble Group: Asia Stocks Preview
BusinessWeek
Cerebos Pacific Ltd. (CER SP): The maker of health tonic Brands Essence of Chicken said third-quarter net income dropped 11 percent from a year earlier to S$20.6 million ($16 million). The stock lost 0.4 percent to S$4.72. Chiba Bank Ltd. (8331 JT): ...
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Keystone Pipeline May Not 'Survive' US Delay, Flaherty Says
BusinessWeek
s $7-billion Keystone XL pipeline until after next year's presidential election may doom the project and accelerate Canada's efforts to ship crude to Asia, Canadian Finance Minister Jim Flaherty said. “The decision to delay it that long is actually ...
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Noble eyes ex-Goldman banker for top job
Financial Times
By Henny Sender in Hong Kong Commodities trader Noble Group is in talks to recruit Yusuf Alireza, the former co-president of Goldman Sachs' operations in Asia excluding Japan, as its new chief executive, according to a person familiar with the matter. ...
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S'pore welcomes Japan's decision to join TPP talks
Channel News Asia
Its participation in the TPP brings the region one important step closer towards the goal of a Free Trade Area of the Asia Pacific. Singapore looks forward to working closely with Japan in the TPP negotiations.
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S Korea: cautious amid uncertainty
Financial Times (blog)
The Bank of Korea held interest rates steady at 3.25 per cent for the 5th month in a row on Friday in a widely-expected move, despite Europe's protracted debt woes that are threatening to derail growth in Asia's fourth-largest economy. ...
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Financial Times (blog)
US to increase military presence in Australia
CBS News
The Alliance is fundamental to Australia's security and a cornerstone of stability in theAsia-Pacific region." Australia's Ambassador to the US Kim Beazley, a former defense minister, recently told reporters the Obama visit would "rev up" activities ...
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Asia Naphtha/Gasoline-Gasoline cracks turn negative
Reuters Africa
The depressed-looking market has prompted some customers to bid for South Korea'sS-Oil term cargoes lifting in first-half 2012 at discount levels versus $9.00 a tonne premium to Japan quotes on a free-on-board (FOB) basis the refiner fetched for ...
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Galaxy Note debuts in Southeast Asia
The Nation
... accomplishment," said Gregory Lee, President and CEO of SamsungAsia. "Samsung GALAXY Note will redefine and enhance mobile communications by offering a creative user experience with its innovative features such as S Memo, S Planner and S Choice. ...
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The Nation
Strong S$ hurts SingTel's profits
TODAYonline
by Ryan Huang Wenwu SINGAPORE - SingTel, South-east Asia's largest telco, yesterday reported its sixth straight drop in year-on-year quarterly profit as the rising Singapore dollar resulted in lower contributions from its overseas associates. ...
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Garner Says Morgan Stanley `Overweight' China, S. Korea
Washington Post
11 (Bloomberg) -- Jonathan Garner, Morgan Stanley's chief emerging-market and Asiastrategist, talks about Asian stocks, economies, and central banks' monetary policies. Garner also discusses Europe's sovereign debt crisis. He speaks with Susan Li and ...
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Sinopec Agrees to Pay $3.54 Billion for 30% Stake in Galp's Brazilian Unit
Bloomberg
Photographer: Mario Proenca/Bloomberg China Petrochemical Corp.,Asia's biggest refiner, said it agreed to pay $3.54 billion for a 30 percent stake in Galp Energia SGPS SA (GALP)'s Brazilian unit, the nation's largest overseas acquisition this year. ...
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Bloomberg
Amazing LED Desk Light Combined with Music and Multi-Charger Function From M&C
PR Newswire (press release)
11, 2011 /PRNewswire-Asia/ -- The t'Light S, the latest innovation from M&C Lighting, features eco-friendly illumination from a 5W LED plus audio output and a charging function. The LED has a superior life and lower power consumption than other light ...
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Asian markets plummet on Italian debt woes
AsiaOne
Other major Asian currencies also took a beating. The South Korean won was down 1 per cent against the US dollar, while the Chinese yuan went from 6.33 to 6.3329 against US$1 (S$1.2). News that the yield on Italy's 10-year government bond yield was ...
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AsiaOne
Singapore Stocks-May open highher; Genting, Noble in focus
Reuters
ASIA-PACIFIC STOCK MARKETS: Japan S.Korea China Hong Kong Taiwan SE AsiaAustralia/NZ India OTHER MARKETS: Wall Street Gold Currency Eurostocks Oil JP bonds ADR Report LME metals US bonds STOCKS NEWS US, Europe, Asia: DIARIES & DATA: IPO diary & data ...
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Russia outlines APEC-2012 agenda
The Voice of Russia
Leaders from Asia-Pacific Economic Cooperation (APEC) forum members are gathering for a two-day summit in Honolulu, Hawaii. Next year`s APEC summit is scheduled to take place in Russia`s Far Eastern city of Vladivostok on 8-9 September. ...
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The Voice of Russia
Ultra high net worth population of Asia-Pacific will surpass Europe, US
TODAYonline
SINGAPORE - Singapore has the sixth largest population of ultra high net worth (UHNW) individuals in the Asia-Pacific, with a combined worth of at least US$160 billion (S$206 billion), according to a report by research and advisory firm Wealth-X. The ...
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Singapore shares end flat
Channel News Asia
Among the gainers, CapitaLand rose 1.9% to S$2.69 and CapitaMalls Asia added 1.1% to close at S$1.345. Noble Group was unchanged at S$1.18 after rising to as high asS$1.23 in active trading after a sharp 26.5% loss on Thursday. ...
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SEA Games: S'pore's women water polo team get off to good start
Channel News Asia
By Shereen Tan | Posted: 11 November 2011 1714 hrs PALEMBANG: Singapore women's water polo team started their SEA Games campaign with a win over Malaysia in their opening encounter. Despite a shaky start, Singapore beat their northern neighbours 26-6 ...
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S Korea Finance Minister: APEC Finance Ministers Must Maintain Policy Balance
NASDAQ
SEOUL -(Dow Jones)- South Korean Finance Minister Bahk Jae-wan stressed the importance of reaching a balance between competing policy goals and called for a free trade agreement among the 21 member economies of the Asia-Pacific Economic Cooperation. ...
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S.Korea-Market Factors to watch Nov 11
Reuters
($1 = 1134.250 Korean Won) Latest KR stock report Latest money report Latest stocks KR press digest KR main diary KR IPO diary Global Markets report Oil Markets report New York Stocks Asia stock outlook Emerging markets report (Reporting by Tae-Yi Kim; ...
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Exxon Mobil Creates Green U.S. Recycling Jobs, Decides Not to Dump Old Tanker
The Maritime Executive
Instead of sending their defunct tanker to the infamous ship-scrapping beaches of South Asia, Exxon Mobil and wholly owned subsidiary SeaRiver Maritime, recently completed the sale of the S/R Wilmington, a 1984 built tanker, to a US ship recycling ...
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The Maritime Executive
Hawker wins jackpot dispute
Malaysia Star
She will be paid the full amount of S$416742.11 (about RM1mil). This is the cash bonus which was displayed on the screen of the slot machine she was playing on Oct 18. The casino had earlier told her that the machine had a cash limit of S$50000 (RM121 ...
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South Asia's ability to shape its future never stronger: leaders address SAARC
Minivan News
The Maldives National Defence Force (MNDF)'s Rehendi helicopter hovered overhead, while arriving heads of state emerged from their vehicles to be greeted by President of the Maldives Mohamed Nasheed and First Lady Laila Ali. They entered the convention ...
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Minivan News
Afghanistan assures involvement with U.S. not ... - Siam Daily News
By XinhuaNET.COM
Afghanistan assures involvement with U.S. not adversely affect South Asia Afghan President Hamid Karzai assured South Asian nations here on Thursday that his.
Siam Daily News Online
XE.com - Asia Naphtha-S.Korea KPIC, Honam finalising term ...
South Korea's KPIC and Honam Petrochemical are close to finalising their 2012 naphtha deals at higher prices, as sellers were unwilling to release cargoes at low prices to combat previous sharp losses, traders said on Friday.
XE Forex News
South Asia's leaders push for trade liberalisation (Lead)
By admin
South Asia's leaders push for trade liberalisation (Lead) on Pluz Media, Addu (Maldives), Nov 11 (IANS) The two-day SAARC summit ended in th.
Pluz Media
South Asia's ability to shape its future never stronger ... - Minivan News
By JJ Robinson
South Asia's ability to shape its future never stronger: leaders address SAARC thumbnail. The 17th SAARC Summit was opened this afternoon in Addu City by Prime Minister of Bhutan, Lyonchhen Thinley. The leaders of Nepal, Pakistan, ...
Minivan News
S. Asia summit falls short of meeting goals - Asia News Network
The annual South Asian summit is poised to end in disappointment for host Maldives today, falling short of goals such as deadlines to cut trade barriers, even as ...
www.asianewsnet.net/home/news.php?id=23804&sec=1
ITTF opens Asia Pacific HQ in S'pore - Channel NewsAsia
The International Table Tennis Federation (ITTF) has opened its Asia Pacific Headquarters in Singapore.
www.channelnewsasia.com/stories/singaporelocalnews/.../.html
Asia Rise Drives Obama Message as US's First Pacific President
In speeches in the US, China, Japan, South Korea, India, Singapore and Indonesia, Obama has said his Asia focus is driven by today's economic and ...
www.businessweek.com/.../asia-rise-drives-obama-message-as-...
Goldman Sachs's Asia Co-President Yusuf Alireza Leaves Company ...
... Inc. (GS)'s operations in the Asia-Pacific region outside Japan in January, ... of investment banking for Asia ex-Japan, stepped down in April 2010. ...
www.bloomberg.com/.../goldman-s-asia-co-president-alireza-d...
'New chapter' for S Asia rivals - BBC
Pakistan's prime minister and his Indian counterpart meet in the Maldives and pledge a "new chapter" between the two nations.
www.bbc.co.uk/news/world-asia-15669725
Celtic's Ki unlikely to be selected by South Korea | Australia/Asia ...
Celtic's Ki unlikely to be selected by South Korea ... South Korea manager Cho Kwang-rae has indicated that Ki Sung-yeung will .... More: Australia/Asia News ...
www.tribalfootball.com/.../celtic-s-ki-unlikely-be-selected-sout...
Finchem has eye on Asia, South America, for 2015
And while Asia appears to have more appeal, South America might be more critical. ...PGA Tour Commissioner Tim Finchem is looking toward Asia or South ...
www.usatoday.com/sports/golf/pga/story/2011-11-08/.../1
Communication network vital for trade in South Asia - Siam Daily News
Communication network vital for trade in S. Asia - Afghan analyst An Afghan political analyst and Kabul University professor Faizullah Jalal attaches great.
www.siamdailynews.com/.../communication-network-vital-for...
KOREA Pyongyang “opens” to Protestant pastors - Asia News
Seoul (AsiaNews/Agencies) – A group of South Korean Protestant church leaders made an official visit to North Korea. The group held a joint prayer meeting for ...
www.asianews.it/.../Pyongyang-“opens”-to-Protestant-pastors-...
India, Pakistan officials meet before S. Asia summit - Yahoo! News
From Yahoo! News: Senior officials from arch-rivals India and Pakistan met in the Maldives Tuesday as they prepared for a summit of South Asian nations in the ...
news.yahoo.com/india-pakistan-officials-meet-asia-summit-17...
Dunya News: Pakistan:-Pakistan, India officials meet before S Asia ...
Senior officials from arch-rivals India and Pakistan met in the Maldives Tuesday as they prepared for a summit of South Asian nations in the remote atoll of Addu, ...
dunyanews.tv/index.php?key...
South East Asia Property Awards partners with Channel News Asia ...
“This is great news for the South East Asia Property Awards and regional real estate in general,” said Terry Blackburn, CEO of event organizers Ensign Media. ...
absoluteworldgroup.wordpress.com/.../south-east-asia-propert...
Etisalat`s Group Asia News Etisalat Afghanistan to the ... - PR 2.O
Etisalat`s Group Asia News Etisalat Afghanistan to the nurture the Cricket sport in Afghanistan & PTCL scoops the prestigious “2nd Global HR Excellence Award.
www.pr2live.com/.../etisalats-group-asia-news-etisalat-afghanis...
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