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Nov 1, 2011

ASIA News, Nov 01, 2011


Asia Naphtha-S Korea buys H1 Dec vols at discount
Reuters Africa
SINGAPORE Nov 1 (Reuters) - 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, reflecting a persistently weak market, traders said on Tuesday. ...
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Asian Currencies Decline as China's Manufacturing Growth Cools
BusinessWeek
Singapore's dollar weakened 0.8 percent to S$1.2571 against its US counterpart as of 11:06 am local time, according to data compiled by Bloomberg. The ringgit dropped 0.7 percent to 3.0965, the won fell 0.2 percent to 1112.83 and Taiwan's dollar ...
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Nomura Posts Bigger-Than-Estimated $590 Million Loss, First in Two Years
Bloomberg
By Takahiko Hyuga - Tue Nov 01 07:39:50 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
Korea's Weakest Export Gain Since '09 Signals Risks for Asia
BusinessWeek
s third-quarter net profit decreased 23 percent from a year earlier as computer-memory chip and panel sales slumped. LG Electronics Inc. reported a wider-than-estimated quarterly loss as mobile-phone sales missed forecasts and earnings fell at its ...
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Floods Leave Southeast Asia More Vulnerable to Food Price Shocks
Voice of America
Yang Razali Kassim, a senior fellow and analyst at the S. Rajaratnam School of International Studies of Nanyang Technological University in Singapore, says food security in Southeast Asia will certainly be affected by the floods in the region. ...
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Singapore Stocks-Slip by midday; CapitaMall Trust drags
Reuters
... the collapse of US broker MF Global battered sentiment in Asia. CapitaMall Trust units lost as much as 5.3 percent after it raised S$250 million through a private placement to fund upgrading works and investments on several of its shopping malls. ...
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HTC, Korea Life, Maybank, Neptune Orient: Asia Stocks Preview
BusinessWeek
CapitaMall Trust (CT SP): Singapore's biggest retail property trust, said it plans to raise about S$250 million ($200 million) by selling new shares to invest in shopping malls in the city-state. The stock lost 0.8 percent to S$1.875 before afternoon ...
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Singapore Stocks-May fall on new EU worries; CapMall Trust 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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Singapore Air to Lure Long-Haul 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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Asia Naphtha/Gasoline-Cracks extend gains; buyers seen
Reuters Africa
PRODUCT Price Prev Change DEC11 NAPHTHA NAF-1H-TYO 866.50/867.50 876.50 -9.50 SPOT NAPHTHA NETBACK NAF-SIN 93.98/94.08 95.06 -1.03 NOV NAPHTHA SWAPS NAF-1M-S 863.25/865.25 877.50 -13.25 DEC NAPHTHA SWAPS NAF-1M-S864.25/866.25 879.25 -14.00 SPOT ...
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Thai Floods Disrupting Japanese Car Production Worldwide: Cars
BusinessWeek
s Thai managers are trusting that a two-meter-high cordon of sandbags will save their factories from floodwaters spilling out from Bangkok. It may be too late to rescue the company's earnings forecast. Floods in Thailand, the biggest Southeast Asian ...
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PayPal Opens Malaysia Office
Wall Street Journal
By YUN-HEE KIM HONG KONG—Ebay Inc.'s online payment services unit, PayPal, is seeking to boost its presence in Asia with a new global operations center in Malaysia, where it plans to add about 500 employees by the end of 2013. ...
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Asia Regulators Suspend Local MF Global Units
Wall Street Journal
In Sydney, the Australian Securities & Investments Commission said MF Global Australia Ltd.'s trading activity has been halted and that accountancy firm Deloitte has been appointed as administrator for the group's operations in the country. ...
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Samsung Outsells Apple, Galaxy S II Sales Records Keep Falling
Mobile bloom News
The Samsung Galaxy S II was released initially in Europe and Asia and immediately saw sales vault to the 10 million unit level their first 5 months. Bear in mind, that was without the sales support of the tech-ravenous US market. ...
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Thailand - Market factors to watch - Nov 1
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 Stocks News ...
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European Stocks Sink as Greece Calls Referendum; Banks Tumble
BusinessWeek
US futures and Asian shares retreated. Credit Suisse Group AG and Danske Bank A/Sled a selloff in lenders, both dropping more than 7 percent, after earnings fell short of analysts' estimates. National Bank of Greece SA sank 12 percent in Athens ...
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Japanese car sales reverse trend, S.Korea strong
Reuters
In India, Maruti Suzuki , the country's top automaker, sold less than half the cars in October as it did a year previously as labour unrest cost it around $500 million in lost production and compounded a demand slowdown in Asia's third-largest economy. ...
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Former Prime Minister Set to Win Kyrgyzstan Presidential Vote
New York Times
By MICHAEL SCHWIRTZ OSH, Kyrgyzstan — A former prime minister, Almazbek Atambayev, was set to win a presidential election in this strategically important Central Asian nation with more than 63 percent of the vote, the Central Election Commission ...
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New York Times
S Korea, safe haven from debt crisis?
Xinhua
South Korea is now enjoying a status as safe haven from debt crisis, but it cannot bet anymore that the Asia's No.4 economy would sustain such status for long. The nation's sovereign debt, which stayed small compared with other major countries, ...
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Honeywell Expands Global Life Safety Products Portfolio With Acquisition of ...
Sacramento Bee
KSW, headquartered in Singapore, employs approximately 1500 employees across Southeast Asia, Australia and Europe. The company is majority owned by Navis Capital Partners, a Southeast Asian private equity firm, and has estimated 2011 sales of ...
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CLIFFS NATURAL RESOURCES, INC. Reports Operating Results (10-Q)
GuruFocus.com
We have finalized short-term pricing arrangements with our Asia Pacific Iron Ore customers and we have reached final pricing settlements with the majority of our US Iron Ore customers through the third quarter of 2011 for the 2011 contract year. ...
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S.Korea President leaves for Russia, G20 in France
Bangkok Post
The two leaders, at a meeting in Saint Petersburg Wednesday, "will exchange ideas on issues concerning the Korean peninsula, including the North Korean nuclear problem, and the Northeast Asian region", it said. Diplomatic efforts have resumed to revive ...
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Bangkok Post
OIL FUTURES: Crude Falls On Europe Bailout Jitters, China PMI
Wall Street Journal
"Some players, though not many, are actually taking fresh short positions because a slowdown in China's manufacturing activity implies that Asia is by no means safe from euro-zone debt troubles and a US economic slowdown," the S-Oil trader said. ...
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Qantas - the Asian escape
Business Spectator (blog)
The idea that government ministers should go around terminating industrial disputes under S.431 of the Act is idiotic, and utterly unworthy of a party that is supposed to be against government intervention, and Qantas had no obligation to tell the ...
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Quote of the Day: Well, Many Lawyers Aren't Good at Math
Above the Law
By Kinney Recruiting Ed. note: This post is authored by Evan Jowers and Robert Kinney of Kinney Recruiting, sponsor of the Asia Chronicles. Kinney has made more placements of US associates and partners in Asia than any other firm in the past five years ...
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Santosh Shetty runs Rs500 crore drug racket: Cops
Daily News & Analysis
By Nikhil S Dixit | Place: Mumbai | Agency: DNA Santosh Shetty is no ordinary gangster; he lords over a multi-crore drug empire in South-east Asia. The crime branch of the Mumbai Police had arrested Shetty in August, following his deportation from ...
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'Informal' meetings with TPP planned: Cristobal
BusinessWorld Online Edition
THE PHILIPPINES is looking to meet with Trans-Pacific Partnership (TPP) members on the sidelines of an Asia-Pacific Economic Cooperation (APEC) meeting this month where outcomes of the trade deal's negotiations will be bared, an official said on Monday...
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Furore over Ramanujan essay points to India s cultural divide
Moneycontrol.com
The angry protests by Hindu groups highlight a pervasive current of conservative Indians who are still an important political voice, despite the rapid modernisation of Asia's third largest economy. Opinion polls show growing support for the opposition ...
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Pakistan plans 20 pc cut in customs duties for SAFTA countries
South Asian News Agency
... list under South Asia Free Trade Agreement (Safta) and make 20 per cent reduction in customs duty on imports of these items to further liberalise its trading regime with her neighbouring countries, it is learnt. But the country`s top tax machinery, ...
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Forex - EUR/USD, USD/JPY Flows: USD safe haven improved; large 78.0 expiry for ...
FXstreet.com
In Asia today, we saw the market paid back up to 10.4, but London markets have since traded 10.6 as the broader risk themes dictate from here. 2m is now trading close to 10.0 once more, though will be hampered, and therefore largely ignored due to the ...
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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, reflecting a persistently weak market, traders said on Tuesday.
XE Forex News
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
PHILIPPINES - ITALY Rome, a Mass for Fr Fausto ... - Asia News
Rome (AsiaNews) - A memorial mass for Fr Fausto Tentorio, the PIME ... will be celebrated in Rome Tuesday, October 25 at 7pm at the Church of S. Maria degli ...
www.asianews.it/.../Rome,-a-Mass-for-Fr-Fausto-Tentorio-at-S...
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...
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-...
South-East Asia IDEF (International Defense Industry Fair) News ...
Latest military news for military industry professionals & analysts. Breaking aircraft, defense contract, military bases, weapons & Pentagon news.
military.einnews.com/news/idef-military/south-east-asia
Clinton Concludes Tour to South, Central Asia | News Views Pedia
U.S. Secretary of State Hillary Clinton has wrapped up a four-nation tour to South and Central Asia, where she met with regional cream of the crop on issues ...
www.newsviewspedia.com/clinton-concludes-tour-to-south-ce...
Taliban leader Fazlullah vows new war ... - South Asian News Agency
sana news deliver latest and breaking news in Urdu from Pakistan, World, Sports, Business, Cricket and Weather. Find Pakistan news in Urdu & english.
www.sananews.net/.../taliban-leader-fazlullah-vows-new-war-i...
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...
pakistan-s-polio-pool-defies-immunisation-drives - SciDev.Net
PakistanSs struggle to contain its polio cases has been crippled by floods, conflict and poor awareness.
www.scidev.net/.../pakistan-s-polio-pool-defies-immunisation-...
Asian Stocks Advance After U.S. Economic Growth, Europe Deal Boost ...
Asian exporters advanced. Honda added 4.4 percent to 2498 yen. Samsung Electronics Co., South Korea's biggest exporter of consumer electronics, ...
www.bloomberg.com/.../asian-stocks-advance-after-u-s-econo...
SE Asia Stocks-Earnings help S'pore, Thailand rise ... - Yahoo! News
Read 'SE Asia Stocks-Earnings help S'pore, Thailand rise; others flat' on Yahoo!. * Banks lead Thai stocks up ahead of 3-day weekend.
my.news.yahoo.com/se-asia-stocks-earnings-help-spore-thaila...
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...

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