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Jun 1, 2012

ASIA News, Jun 01, 2012

Indian Stocks Fall Most in Two Weeks on Concern as Growth
BusinessWeek
By Santanu Chakraborty on June 01, 2012 Indian stocks fell the most in two weeks after manufacturing growth slowed in May, adding to signs of weakening demand after expansion in Asia's third-biggest economy moderated to a nine-year low.
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Asian Stocks, Oil Slump on China Manufacturing
BusinessWeek
By Jason Clenfield and Yoshiaki Nohara on May 31, 2012 Asian stocks fell, extending the steepest monthly slide since 2008, US equity futures sank and oil slumped after Chinese manufacturing slowed before US payrolls datatoday. The Dollar Index climbed ...
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Asia Stocks Fall on Spain, Paring Weekly Gain
BusinessWeek
By Kana Nishizawa and Yoshiaki Nohara on May 31, 2012 Asian stocks fell after reports on China's manufacturing and the US economy missed estimates, and as Spain denied it is in talks about a bailout as its bond yields approach a level that prompted ...
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Emerging Stocks Extend Monthly Rout on Asia
BusinessWeek
An Indian purchasing managers' index was at 54.8 in May from 54.9 in April, HSBC Holdings Plc and Markit Economics said in an e-mailed statementtoday. US non-farm payrolls probably rose by 150000 in May, after the smallest gain in six months in April, ...
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Asian stock markets drop as Chinese manufacturing slows in May
Washington Post
BANGKOK — Asian stock markets fell Friday, stunted by weakness in Chinese manufacturing that suggests the slowdown in the world's No. 2 economy may worsen. The state-affiliated China Federation of Logistics and Purchasing said its purchasing managers ...
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Asian Stocks, Oil Slump on China Concern; Europe Futures Rise
San Francisco Chronicle
June 1 (Bloomberg) -- Asian stocks fell, extending the steepest monthly slide since 2008, and oil slumped after Chinese manufacturing slowed before US payrolls data today. The Dollar Index climbed to its highest level since 2010 and European equity ...
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Today's Hot Stocks: Exxon Mobil, Caterpillar, Metlife, TJX, PulteGroup, and Noble
Sacramento Bee
By Pennystocksinsiders.com VANCOUVER, British Columbia, June 1, 2012 -- /PRNewswire-Asia/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: Exxon Mobil (NYSE:XOM), ...
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China Manufacturing Expands Less Than Forecast in May
BusinessWeek
By Bloomberg News on May 31, 2012 China's manufacturing grew less than forecast in May, a government report showed, increasing the odds the government will boost stimulus to counter a deceleration in the world's second-biggest economy.
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Stocks fall sharply after weak jobs report
USA TODAY
Richard Drew, AP Richard Cohen, right, works with fellow traders on the floor of the New York Stock Exchange on May 30, 2012. Richard Drew, AP Richard Cohen, right, works with fellow traders on the floor of the New York Stock Exchange on May 30, 2012.
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USA TODAY
Asia Stocks Fall, Paring Weekly Gain, on US Data, Spain
BusinessWeek
By Kana Nishizawa and Yoshiaki Nohara on May 31, 2012 Asian stocks fell after US economic data missed estimates ahead of an employment reporttoday and as Spain denied it is in talks about a bailout as its bond yields reached near a level that prompted ...
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Yingluck Bets on Army Calm as Thai Strains Rise: Southeast Asia
BusinessWeek
By Daniel Ten Kate on May 31, 2012 As Thailand nears a showdown over the fate of former Prime Minister Thaksin Shinawatra, the exiled tycoon's sister is banking on the army's neutrality to avoid a repeat of 2008 protests that led to the ouster of a ...
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Asian Millionaires Counter Lost Riches in Europe, North America
BusinessWeek
By Giles Broom on May 31, 2012 China, India and Singapore posted the biggest increases in millionaires last year as the Asia-Pacific region countered a decline in wealth in western Europe and the US, according to Boston Consulting Group.
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China Manufacturing Slowdown Boosts Chances of Stimulus
BusinessWeek
The Purchasing Managers' Index fell to 50.4 in May from 53.3 in April, China's statistics bureau and logistics federation said today in Beijing. That compared with the 52 median estimate in a Bloomberg News survey of economists.
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Ain Parmaciez, Daiwa House, Tohoku: Japan Stock Preview
BusinessWeek
By Kana Nishizawa and Saeromi Shin on June 01, 2012 The following companies may have unusual price changes in Asian trading on June 4. Stock symbols are in parentheses and share prices are as of the latest close. The information in each item was ...
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Today's Hot Stocks: Cisco, Newmont Mining, GameStop, Petroleo Brasileiro SA ...
Sacramento Bee
By Pennystocksinsiders.com VANCOUVER, British Columbia, May 31, 2012 -- /PRNewswire-Asia/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: Cisco (NASDAQ:CSCO), Newmont Mining ...
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Best of May 2012: Reader picks include King Crimson, Squackett, Styx – but no ...
Something Else! Reviews
Progressive music simply dominated the Top 10 for May 2012, as readers celebrated new music (and interviews!) from Squackett, UK, Asia and Spectrum Road. Items featuring Chris Squire, Steve Hackett, John Wetton and Spectrum Road's Vernon Reid took up ...
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Something Else! Reviews
Asia Stocks Fall, China Manufacturing Slows
TIME
By AP / PAMELA SAMPSON Friday, June 01, 2012 (BANGKOK) — Asianstock markets fell Friday, stunted by weakness in Chinese manufacturing that suggests the slowdown in the world's No. 2 economy may worsen. The state-affiliated China Federation of ...
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India Manufacturing Growth Moderated in May as Economy Slows
BusinessWeek
By Unni Krishnan and Tushar Dhara on June 01, 2012 Indian manufacturing growth slowed in May, a private survey showed, adding to signs of weakening demand after economic expansion moderated to a nine-year low. The purchasing managers' index was at 54.8 ...
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Panetta to stress commitment to Asia-Pacific
Kitsap Sun
Secretary of Defense Leon Panetta listens to a question during media briefing onboard his plane May 31, 2012 enroute to Singapore from Honolulu, Hawaii. (AP Photo/Jim Watson, Pool) Defense Secretary Leon Panetta speaks with troops at US Pacific Command ...
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Asian Mineral Resources Limited Completes Private Placement
MarketWatch (press release)
TORONTO, ONTARIO, Jun 01, 2012 (MARKETWIRE via COMTEX) -- AsianMineral Resources Limited ("AMR" or the "Corporation") (tsx venture:ASN) announced on May 25, 2012, the closing of the private placement to Pala Investments Holdings Limited ("Pala") ...
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Alleged Tibetan self-immolation photos show people rushing at man engulfed in ...
Washington Post
BEIJING — A Tibetan writer posted photos online Friday allegedly showing scenes from two self-immolations in Lhasa, the latest in a series of anti-government suicide protests but the first in the tightly guarded regional capital.
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Global growth concerns hit world markets
Seattle Post Intelligencer
A couple shares an umbrella as they take shelter from the rain in front of the electronic stock board of a securities firm in Tokyo Friday, June 1, 2012.Asian stock markets fell Friday, stunted by weakness in Chinese manufacturing that suggests the ...
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Asia stocks fall as China manufacturing weakens
Charlotte Observer
The dollar fell to 78.33 Japanese yen from 79.07 yen in New York Thursday,May 31, 2012. A Tokyo money brokerage employee sits in front of an electronic update board, flashing the current Japanese yen rate against a Euro at a money brokerage in Tokyo, ...
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US 30-Year Yields Fall to Record on US May Jobs Gain
BusinessWeek
By Daniel Kruger and Susanne Walker on June 01, 2012 Treasuries rallied, pushing 30-year bond yields to a record low, after the economy added fewer jobs in May than economists forecast, indicating the worsening European sovereign-debt crisis may ...
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Emerging Stocks Head for Worst May Since 1998 on Europe
BusinessWeek
By Shikhar Balwani and Jason Webb on May 31, 2012 Emerging-market stocks fell, poised for the biggest monthly drop in eight, on concern the European debt crisis will hurt the outlook for Asian exporters and as data showed the Indian economy grew less ...
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South Korea Exports Fall 0.4% in May for Third Monthly Drop
BusinessWeek
A separate report showed today that inflation held at a 21-month low of 2.5 percent in May. South Korean officials are trying to sustain momentum inAsia's fourth-biggest economy after the fastest growth in a year in the first quarter.
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GLOBAL ECONOMY-China slowdown worsens amid signs US losing steam
Reuters
* China May official PMI at 50.4 vs 53.3 in April * Weak data increases pressure for further policy easing * Korea May exports fall 0.4 pct yr/yr, 4th monthly decline in 2012 * US jobs data points to recovery losing momentum By Alex Richardson June 1 ...
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Asia-Pacific Bond Risk Rises, Credit-Default Swap Prices Show
BusinessWeek
By Rachel Evans on May 31, 2012 The cost of insuring Asia-Pacific corporate and sovereign bonds from default increased, according to traders of credit-default swaps. The Markit iTraxx Australia index climbed 1.5 basis points to 202.5 basis points as of ...
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Mercuria Energy Successfully Raises USD 1700000000 and EUR 145000000...
MarketWatch (press release)
GENEVA, SWITZERLAND, Jun 01, 2012 (MARKETWIRE via COMTEX) -- Mercuria Energy Trading SA ("Mercuria Energy" or the "Company") is pleased to announce the successful signing on 24th of May 2012 of its new USD 1700000000 364-day multicurrency and EUR ...
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American Oriental Bioengineering Inc. Announces Suspension of Trading in its...
Sacramento Bee
By American Oriental Bioengineering, Inc. NEWARK, NJ, May 31, 2012 -- /PRNewswire-Asia-FirstCall/ -- American Oriental Bioengineering, Inc. (NYSE: AOB) (the "Company"), today announced that it received written notification on May 25, 2012, ...
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Southeast Asia's solid economic growth rides over global woes
Reuters
On Thursday, the Philippines became the latest economy in the region to post impressive first-quarter numbers, growing at its strongest in two years at 2.5 percent in January-March, although some analysts questioned whether the pace can be maintained ...
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Bitauto Extends Co-operative Agreement with Baidu
Sacramento Bee
... June 1, 2012 -- /PRNewswire-Asia-FirstCall/ -- Bitauto Holdings Limited ("Bitauto" or the "Company") (NYSE: BITA), a leading provider of Internet content and marketing services for China's fast-growing automotive industry,today announced that it ...
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ISM Manufacturing Index Declines
BusinessWeek
By Lorraine Woellert on June 01, 2012 Manufacturing in the US grew at a slower pace in May as factories tempered production and pared inventories in response to weakness in the global economy. The Institute for Supply Management's factory index fell to ...
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Markets Live: Nifty off to a steady start in June series
Moneycontrol.com
Asian indices were trading weak. Automobile and cement shares will be in focus as companies from these two sectors will start unveiling monthly sales volume data forMay 2012 from today, 1 June 2012. The rupee recovered from a weak open to gain to ...
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Moneycontrol.com
Ossen Innovation Announces Extension of Stock Repurchase Program
Sacramento Bee
By Ossen Innovation Co., Ltd. SHANGHAI, May 31, 2012 -- /PRNewswire-Asia-FirstCall/ -- Ossen Innovation Co., Ltd. ("Ossen" or the "Company") (NASDAQ: OSN- News), a China-based manufacturer of an array of plain surface, rare earth and zinc coated ...
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Pharmaceutical Companies' Partnering Activity With Academia, Non-Profits ...
MarketWatch (press release)
SAN FRANCISCO, CA, Jun 01, 2012 (MARKETWIRE via COMTEX) -- Partnerships between pharmaceutical companies and academic, non-profit, and government entities took center stage in May with at least 15 agreements announced. The burst of activity, though, ...
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China border towns hope for boom, face backlash
Seattle Post Intelligencer
In this May 26, 2012 photo, Yang Shihan, 20-year-old grandson of the business's owner of the Yang family's car parts and hardware store attends a customer in Houqiao, near the Myanmar border, Yunnan Province, China. Many still expect that the lifting ...
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Formula One joins other firms in hitting IPO brakes
Reuters
On Thursday, London luxury jeweller Graff Diamonds ditched its $1 billion IPO in Hong Kong, Asia's IPO capital, which along with the United States has seen a slump in initial offers. Deal volumes in Hong Kong have dived 85 percent so far in 2012.
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Macau Casino Revenue Growth Slows to 7.3%, Meets Esimates
BusinessWeek
“Despite the slow growth, May 2012 is actually the second best month on record, only behind 26.8 billion patacas in October 2011,” Aaron Fischer, an analyst at CLSA Ltd., wrote in an e-mail today. “We expect gaming revenue growth to recover in June ...
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Asian Shares, Euro Slide On Weak China PMI
Wall Street Journal
By Daniel Inman HONG KONG (Dow Jones)--Asian shares were mostly lower Friday, extending last month's large declines as China's manufacturing sector slowed sharply in May pushing down the euro and Asian currencies. Two measures of Chinese manufacturing ...
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Suu Kyi gets ovation at first international speech
Seattle Post Intelligencer
JOCELYN GECKER, AP Myanmar opposition leader Aung San Suu Kyi delivers a speech at the World Economic Forum on East Asia in Bangkok, Thailand, Friday, June 1, 2012. Photo: Sakchai Lalit / AP Myanmar opposition leader Aung San Suu Kyi addresses the ...
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Hot Stock Research for Most Popular Searches: JPMorgan, AT&T, Kohl's, Joy...
Sacramento Bee
By Insiderslab.com; Insiders.hk VANCOUVER, British Columbia, June 1, 2012-- /PRNewswire-Asia/ -- Insiderslab.com has issued insider trading reports and Equity Research for the following companies: JPMorgan (NYSE:JPM), AT&T (NYSE:T), Kohl's (NYSE:KSS), ...
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BBC News Channel - Schedule, Thursday 31 May 2012
Live from London and Singapore, the latest international news from the BBC. 01 30 – 01:45. Asia Business Report 31/05/2012 ... Sport Today 31/05/2012...
www.bbc.co.uk/bbcnews/programmes/schedules/2012/05/31
2012 May 31 | Latest Asia News - Baku Today
In Slonim (Grodno region) 5 June there will be a trial against the activists of the party “Belarusian Christian democracy” (BCD) Olga Pansevič. Described in the ...
www.bakutoday.net/2012/05/31
'Asia's major' hit by sponsor pull-out | Pakistan Today | Latest news ...
Thursday, 31 May 2012 10:23 pm ... out, raising questions about the future of a tournament billed as "Asia's major". ... Related; Sports News; Most Commented ...
www.pakistantoday.com.pk/.../asias-major-hit-by-sponsor-pull...
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