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Nov 24, 2011

ASIA News, Nov 24, 2011


Ajinomoto, Kingsoft, Korea Gas, Toyota: Asia Stocks Preview
BusinessWeek
(9983 JT): Asia's largest clothing chain said it will boost capital in a Singapore subsidiary by about S$32 million ($24 million) at the end of this month. The stock slipped 0.8 percent to 12090 yen. Futaba Industrial Co. (7241 JT): The company said it ...
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KPMG: 30 bidders in race for MF Global Asia units
MarketWatch
By Bijou George MUMBAI (MarketWatch) -- Auditing firm KPMG LLP, liquidators of most of MF Global Holdings Ltd.'s Asia operations, said Thursday that as many as 30 bidders were still in the race for the India, Japan, and Singapore operations of the ...
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Asia Naphtha/Gasoline-Cracks at month-high
Reuters Africa
PRODUCT Price Prev Change JAN12 NAPHTHA NAF-1H-TYO 867.50/868.50 869.00 -1.00 SPOT NAPHTHA NETBACK NAF-SIN 94.01/94.11 94.18 -0.12 DEC NAPHTHA SWAPS NAF-1M-S 866.50/868.50 874.00 -6.50 Jan NAPHTHA SWAPS NAF-1M-S 868.13/870.13 874.75 -5.63 SPOT GASOLINE ...
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Singapore Dollar Recovers Late, Volatility To Stay In Near Term
Wall Street Journal
He tipped the US dollar to trade between S$1.3150 and S$1.3050. The local currency's movements nearly mirrored those of the euro, which recouped early losses in Asia Thursday but stayed fragile as the US dollar retained its strength amid growing global ...
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Singapore shares end flat
Channel News Asia
Global Logistic Properties, which manages logistics facilities in China and Japan, gained 1.1% to end at S$1.80. Among the losers, City Developments lost 2.4% to end at S$9.36. Shopping mall developer CapitaMalls Asia dropped 0.39% toS$1.29. ...
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Singapore Stocks-May fall on weak German bond sale; TA in focus
Reuters
ASIA-PACIFIC STOCK MARKETS: Japan S.Korea China Hong Kong Taiwan SEAsia Australia/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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KPMG Says 30 Bidders in Race for MF Global Units
Wall Street Journal
By BIJOU GEORGE And KHUSHITA VASANT MUMBAI – Auditing firm KPMG LLP, liquidators of most of MF Global Holdings Ltd.'s Asia operations, said Thursday that as many as 30 bidders were still in the race for the India, Japan, and Singapore operations of the ...
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Goldman Sachs Asia-Pac Capital Introductions Head Ghani Leaves
BusinessWeek
24 (Bloomberg) -- Tanvir Ghani, Asia-Pacific head of capital introductions on Goldman Sachs Group Inc.'s prime brokerage team left the New York-based bank earlier this month. Connie Ling, a Hong Kong-based spokeswoman for Goldman Sachs, confirmed the ...
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Region's Top Leaders Named at the 10th CNBC Asia Business Leaders Awards
CNBC.com (blog)
... S. Ramadorai CEO, Tata Consultancy Services (India) (2002) KV Kamath CEO, MD, ICICI Ltd (India) (2001) Print, radio, online, wire and TV embargo till Thursday 24 November 2011 at 9.00 pm (SIN/HK time) Appendix: Asia Business Leader Award 2011 The ...
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Israel Corp.'s Zim Unit Posts Quarterly Loss as Costs Rise
BusinessWeek
Container lines' earnings have slumped this year as fuel prices increase, while rates on Asia-West Coast routes decline. Extra trans-Pacific capacity may prevent the lines from pocketing surcharges that usually make the second half their most...
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Indian shares bounce 1 pct; Pantaloon rallies
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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ADB provides $65.5m grant for education sector reform
Republica
KATHMANDU, Nov 24: The Asian Development Bank has approved a grant of US$65.5 million to support the government´s ongoing education sector reform program, which focuses on gender equality, social inclusion and quality. The program will go beyond ...
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Hosts Qatar, S Korea split points
Gulf Times
By Suman Malla/Doha Qatar Olympic team maintained their unbeaten record against South Korea as they held the Asia's top-ranked U-23 side to a 1-1 draw in a Group A class of the final round of Asian qualifying for next year's London Olympics at the ...
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Gulf Times
Philippines hosts the 50th Orient and Southeast Asian Lions Forum
Manila Bulletin
We congratulate the Orient and South East Asian Lions led by Forum Chairman Michael S. So and Council Chairman Robert B. Roque, Jr., other Officers and Members, on the occasion of its 50th OSEAL Forum. We wish them all the best and success in all their ...
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Singapore Stocks-Slightly higher as NOL outperforms
Reuters
"We're seeing some short covering as some investors believe Asia may be less hit than the West, so some funds maybe rebalancing their portfolios towards this region," said Carey Wong, an investment analyst at OCBC Investment Research....
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Kim Eng looked at MF Global Asia unit but numbers didn't stack up
Reuters
"We've had a look at the entire platform throughout the region and the numbers didn't stack up," said Ronald Ooi, the firm's chairman and chief executive. Ooi said Kim End still has around S$4 million ($3.06 million)tied up with MF Global but added ...
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RESEARCH ALERT-IIFL downgrades SGX to sell from reduce
Reuters
SINGAPORE Nov 24 (Reuters) - IIFL has downgraded Asia's second-largest listed bourse Singapore Exchange (SGX) to sell from reduce and cut its target price toS$5.44 from S$6.12. IIFL has cut its net profit estimate for SGX by 7 percent for fiscal 2012 ...
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Kyrgyzstan Sees Instability at End of Afghan Mission
New York Times
By RICK GLADSTONE The departing president of Kyrgyzstan, the small but strategically important Central Asian country that houses a vital American air base for supplying the NATO war effort in neighboring Afghanistan, expressed deep concern on Wednesday ...
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New York Times
Taiwan stocks recover, HTC limit down
Reuters
ASIA-PACIFIC STOCK MARKET REPORTS: Pan-Asia...... Japan........ S.Korea.... SE Asia............ Hong Kong... China...... Australia/NZ......... India....... OTHER MARKETS: Wall Street........... Gold......... Currency.. Eurostocks........... Oil. ...
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Philippines - Market factors to watch - Nov 24
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. ...
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Asia's Top 50 Apps Winners' Series: GreenPost targets 6 countries and 4.5 ...
e27
With less than 10 percent adoption rate, more than one billion pages and S$200 million in just Singapore alone are wasted due to sending out paper envelopes. Other countries are also estimated to have similar wastage patterns. ...
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FT Island plans big January concert in S'pore
Channel News Asia
Their upcoming concert will be the second stop in their Asian concert tour. FT Island presently consists of Choi Jong Hun, Lee Hongki, Lee Jae Jin, Choi Min Hwan and Song Seung Hyun. Guitarist and sub-vocalist Oh Won Bin debuted as part of FT Island in ...
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Indian Markets Rebound On Short Covering
NASDAQ
(RTTNews) - The Indian markets rose sharply on Thursday, reversing early losses, as selective buying across Asia and a sharp rise in European markets along with domestic data showing easing food inflation for the third consecutive week triggered hectic ...
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TSE Losing 4% of Japan Stock Trading Sees Market Share Recovery in Osaka
Bloomberg
“Creating more scale locally will fortify their competitive position,” Glenn Lesko, chief executive officer of Instinet in Asia Pacific, said in a telephone interview yesterday. “In cash equities there is precious little precedent for exchanges to move ...
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Bloomberg
S.Korea-Market Factors to watch Nov 24
Reuters Africa
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 ($1 = 1152.1000 Korean won) (Reporting by Eunjee ...
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Envelopes of Cash Show Indonesia Graft Rivaling Suharto Era
BusinessWeek
The scandal has undermined Yudhoyono's election pledge to tackle graft, sending his popularity to a record low and hampering efforts to match investment levels in rival Asian nations. Investing in Southeast Asia's biggest economy is now more complex ...
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Loo & Partners advising Hsu Fu Chi on $1.6 billion stake sale
Legal Business Online
Morgan Stanley Asia has been appointed as the independent financial adviser to the independent directors of Hsu Fu Chi,while Credit Sussie acted as the financial adviser to Nestlé. “We have been greatly honoured and humbled by the confidence of Hsu Fu ...
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Syndicated Loans Slide 87% as Debt Costs Swell: India Credit
Bloomberg
The rupee weakened to 52.73 per dollar this week and posted the worst drop among Asia's most-traded currencies this month on concern India won't be able to rein in its budget and trade deficits. Companies are being squeezed after non-rupee loans ...
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Government-run China Central Television gets new boss
Straits Times
BEIJING (AFP) - Beijing on Thursday named a new head of the government-run China Central Television (CCTV) network, state media reported, a month after theAsian giant said it wanted to increase its soft power abroad. Mr Hu Zhanfan, chief editor of the ...
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ASU opens door to S. Korean students
San Angelo Standard Times
Not only will our Korean guests get an exceptional ASU education but our students will benefit from their interactions with these students, who come from a nation that has been one of our staunchest allies in Asia and today is the United States' ...
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LIBYA Libya, Gaddafi's son caught in the south - Asia News
Libyan Transitional Council sources confirm the captured in Sabha. Saif al-Islam is now being held in Zintan. Nasser's son was on the run since last August and ...
www.asianews.it/.../Libya,-Gaddafi's-son-caught-in-the-south-...
South China Sea Tensions Overshadow New US Military - News
U.S. plans to send additional military personnel to Australia in the coming years have drawn mixed responses among Southeast Asian leaders who are wary of ...
www.voanews.com/.../S-China-Sea-Disputes-Overshadow-Con...
South Asia vultures victims of poison
sana news deliver latest and breaking news from Pakistan, World, Sports, Business news, Cricket and Weather. Find Pakistan news in Urdu & english.
www.sananews.net/.../south-asia-vultures-victims-of-poison/
S'pore school opts for desktop virtualization - ZDNet Asia News
Temasek Polytechnic deploys virtualization tech to help students get better access to compute resources and cut down on manpower and capital investment ...
www.zdnetasia.com/spore-school-opts-for-desktop-virtualizati...
Disaster risk in South Asia - News - Professional Resources ...
Nisha Kumar Kulkarni reviews for Searchlight South Asia some recent articles and reports to analyse the level of vulnerability of Bangladesh, Nepal and ...
www.preventionweb.net/english/professional/news/v.php?...
Code of conduct for S China Sea
He made the remarks at the East Asia Summit (EAS) at the resort island of Bali.... The summit "is not the appropriate place to talk about the South China Sea ...
www.chinadaily.com.cn/sunday/2011.../content_14125639.ht...
US drone strike kills nine in NWA
South Asian News Agency (SANA) ⋅ November 18, 2011 ⋅. Share/Save. MIRANSHAH, (SANA): US drone strikes killed at least nine persons, destroying a...
www.sananews.net/english/.../us-drone-strike-kills-nine-in-nwa...
South Korea voters look to independent voices - Asia-Pacific - Al ...
Seeking change, voters are taking unorthodox decision to back independents in 2012.
www.aljazeera.com/news/asia.../2011112214445649302.html
China's Wen Discusses South China Sea Issue - WSJ.com
ASIA NEWS; NOVEMBER 20, 2011, 2:21 P.M. ET ... To help reassure the U.S.'sAsian allies, Mr. Obama unveiled plans last week to refocus U.S. foreign policy ...
online.wsj.com/.../SB10001424052970203710704577049890...
Video: South Korean MP throws tear gas at speaker in trade bill ...
South Korea's ruling party has ratified a controversial free trade deal with the United States despite an opposition MP letting off a teargas device, briefly clearing...
www.telegraph.co.uk/.../South-Korean-MP-throws-tear-gas-at-...
BBC News - Wen warns US on South China Sea dispute
China has warned "external forces" not to get involved in its maritime disputes with neighbouring countries over the South China Sea.
www.bbc.co.uk/news/world-asia-15790287
India tests nuclear capable 'Agni-II Prime' missile | South Asia ...
sana news deliver latest and breaking news from Pakistan, World, Sports, Business news, Cricket and Weather. Find Pakistan news in Urdu & english.
www.sananews.net/.../india-tests-nuclear-capable-agni-ii-prime...
Obama hails trade deal on day of Asian diplomacy - Taiwan News ...
The government's Xinhua News Agency said the U.S. feels threatened by China'srise and influence in Southeast Asia and said Obama">Obama's goal was ...
www.taiwannews.com.tw/etn/news_content.php?id=1762347
Growth amid tragedy - the challenge for Asia`s cities on ...
Growth is still strong in developing East Asia, but the region faces risks from global uncertainty and natural disasters.This only underscores the need for ...
www.environmental-expert.com/news/.../view-comments
Obama's Asia Pivot Puts U.S. Approach to China on New Path ...
President Barack Obama's pivot toward Asia is shifting the U.S. approach to China by teaming up with its neighbors to press the world's second-largest economy ...
www.businessweek.com/.../obama-s-asia-pivot-puts-u-s-appro...
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