Asia
Asian Stocks, European Futures Gain on Economy Outlook; Gold Hits Record Asian stocks and European index
futures rose, gold climbed to a record and the Australian dollar
led gains in Asian currencies on signs the economic recovery is
gathering pace.
Reliance Bond Risk Increases as Investors Question Bid for LyondellBasell The cost of protecting Reliance
Industries Ltd.’s debt from default rose after the refiner and
energy explorer controlled by billionaire Mukesh Ambani bid for
bankrupt chemicals and fuels maker LyondellBasell Industries AF.
Thailand Economy Shrinks 2.8%, Least in Year on Global Recovery, Spending Thailand’s economy contracted less
than estimated last quarter as a nascent global recovery and
government spending began to pull the nation out of its first
recession in a decade.
Kumho Asiana Shortlists Tishman, Abu Dhabi Bids in Daewoo Engineering Sale Kumho Asiana Group shortlisted two
bidders for Daewoo Engineering & Construction Co. as the Korean
group seeks funds ahead of a possible 4 trillion won ($3.5
billion) cash call by creditors.
Palmer Open to Talks With Rinehart on $14 Billion Australian Coal Projects Billionaire Clive Palmer would
consider sharing port and rail lines with Australia’s richest
woman Gina Rinehart to cut the combined A$15 billion ($14
billion) cost of their two Queensland coal projects.
Taiwan's Export Orders Increase for First Time in 13 Months on Electronics Taiwan’s export orders climbed in
October for the first time in 13 months as stronger demand for
electronics goods spurs the island’s economic recovery.
Hindalco to Raise Up to $600 Million in Institutional Investor Share Sale Hindalco Industries Ltd., India’s
biggest aluminum producer, plans to raise as much as $600
million selling shares to institutional investors, according to
a sale document.
Taiwan's Talks With Shanghai Bourse `Easier' After Financial Services Pact Taiwan Stock Exchange said the
signing of the financial services agreement between the island
and China last week will make it “easier” for the bourse to
complete its own negotiations with its Shanghai counterpart.
Pakistanis Pay Economic Toll as Regrouping Taliban Threaten to Widen War Taliban fleeing a Pakistani
offensive are regrouping in the country’s northwest, threatening
to spread and prolong a conflict that has strained the nation’s
economy and may hamper efforts to attract foreign investment.
Asian Currencies Rise, Led by Philippine Peso, on Growth, Trade Optimism Asian currencies rose, led by the
Philippine peso and Indian rupee, on speculation a global
economic recovery will help shore up regional trade and
investment, bolstering demand for local assets.
Trial of Top Khmer Rouge Jailor Duch for Mass Cambodian Killings Will End The trial of the Khmer Rouge’s top
prison warden ends this week after six months of testimony about
the regime’s mass killings and brutality that brought Cambodians
face to face with the man who tortured them three decades ago.
Yudhoyono Won't Order End to Indonesia Graft Case, Urges Police to Drop It Indonesian President Susilo Bambang
Yudhoyono stopped short of ordering the dismissal of a case
against two anti-graft officers, as recommended by a panel he
formed, instead suggesting the police should drop it.
Philippine Military Says 21 Hostages Abducted in South Are Reported Killed The Philippine military said it
received reports 21 people seized in the southern province of
Maguindanao were killed, spokesman Colonel Jonathan Ponce said
by phone today. He didn’t provide additional details except to
say that the number of fatalities had risen from six at around 1
p.m. local time today.
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