CHINA

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Nikkei edges up before earnings, JAL tumbles

Japan's Nikkei stock average edged up 0.2 percent on Friday, with construction machinery shares rising on hopes for China's economy and Kirin Holdings (2503.T) gaining ground on a brokerage upgrade.

Asia shares rise on earnings news, dollar slides

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Asian shares rose on Friday as investors were encouraged by upbeat earnings reports from the United States and Asia while the dollar resumed a broad slide after a Fed official indicated U.S. rates would remain low.

Daily Commentary - 23/10/2009

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The Aussie dollar ran into a wall of resistance ahead of 93 cents during yesterday's Asian morning session retreating throughout the afternoon with the market somewhat disappointed by China's envious 8.9% economic growth result.
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China's GDP grew 8.9% in Q3

China's gross domestic product (GDP) grew 8.9 percent in the third quarter, while the economy rose 7.7 percent in the first three quarters year-on-year, Li Xiaochao, spokesman of the National Bureau of Statistics (NBS) announced on Thursday.
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Nuclear reactor maker Areva 9-month sales rise

France's Areva on Thursday posted a 6.4 percent rise in nine-month sales, driven by its uranium activities and the power Transmission & Distribution (T&D) unit it has been forced to put up for sale.
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China authors say Google violated copyrights

A group representing authors in China has accused Google of violating copyrights with its digital library, a claim that Google denies by saying the service complies with international law.
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Dow Chemical quarterly net spikes, shares up

Dow Chemical Co posted a 66 percent jump in third-quarter earnings on Thursday to beat Wall Street's expectations, but it warned it does not expect market improvements next year.
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China mulls military options over hijacked ship

China has not ruled out military action to rescue the crew of a coal ship hijacked by Somali pirates, but is also open to negotiations over what a Chinese military officer said on Thursday could be a long standoff.
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Two Koreas held secret talks for summit: report

The two Koreas met last week in secret in Singapore to discuss a summit, a broadcaster in the South said on Thursday, an encounter that follows Pyongyang's bid to reach out to its rivals after being hit by U.N. sanctions.
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China authors says Google violated copyrights

A group representing authors in China has accused Google of violating copyrights with its digital library, a claim that Google denies by saying the service complies with international law.
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Stock futures mixed ahead of data, earnings

Stock futures were mixed on Thursday ahead of leading indicator and jobless data and a slew of big corporate earnings reports, including UPS, Amazon.com, 3M, Dow Chemical and Merck.
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Stock futures slightly lower ahead of data

U.S. stock index futures dipped on Thursday ahead of leading indicator and jobless data and a slew of big corporate earnings reports, including American Express, Amazon.com, Dow Chemical and Merck.
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Executive hiring in Asia improves sharply: survey

Job prospects for executives at multinationals in Greater China and Singapore have improved sharply in the past three months amid growing optimism that Asia's recovery from the global recession will be sustainable, a quarterly survey showed on Thursday.
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BHP chairman tells China: game on

Global miner BHP Billiton acknowledged on Thursday that it and other iron ore producers had at times upset their major customer China and said that Beijing realised it had to play with the big boys.
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Asia shares fall, dollar gains after China data

Asian shares fell on Thursday amid disappointment that robust Chinese growth data offered few surprises, but the dollar gained some respite as an expected shift to higher-yielding currencies failed to materialize.
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Chinese growth quickens in Q3, as expected

China's economic growth picked up as expected last quarter as a potent cocktail of breakneck investment and buoyant bank lending more than made up for a slump in exports, the government said on Thursday.
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Climate cooperation to help ties, Hu tells Obama

Chinese President Hu Jintao has told his U.S. counterpart Barack Obama that closer cooperation on fighting climate change could help improve overall ties between the world's top two greenhouse gas polluters.
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Suntech focuses on utility market with new system

Chinese solar panel maker Suntech Power Holdings Co Ltd (STP.N) said on Wednesday it will begin shipping a new solar system for large-sized projects next year, betting that the U.S. solar utility market will heat up.
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India, China leaders to meet amid war of words

India's Prime Minister Manmohan Singh is likely to meet his Chinese counterpart Wen Jiabao on Saturday, hoping to douse an escalating verbal duel between the Asian giants centered around their decades-old border dispute.
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China's army to recruit 130,000 college grads

China's army will recruit 130,000 graduates from Chinese universities and colleges this winter to raise the quality of the armed forces and help solve the job crisis facing graduates.

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