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Financial News

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.

China's Sovereign Fund Said to Buy $400 Million of Stock in Longyuan IPO China Investment Corp., the nation’s sovereign wealth fund, agreed to buy $400 million of shares in the Hong Kong initial public offering of China Longyuan Power Group Corp., said three people familiar with the sale.

Sands China Raises $2.5 Billion in Initial Offering at Bottom End of Range Sands China Ltd. and its parent, the casino company controlled by billionaire Sheldon Adelson, raised HK$19.4 billion ($2.5 billion) in a Hong Kong initial public offering conducted at the bottom of the marketed range.

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.

Indian Phone Wars Curb Earnings at Bharti, Reliance Even as Sales Advance Anil Gupta stepped out of an Aircel Ltd. shop in New Delhi with a better deal for calling his daughter in Chicago.

Singapore to Study Property Market Before Adding Anti-Speculation Measures Singapore will study the impact of existing measures to deter speculative property purchases before taking more steps to rein in prices, National Development Minister Mah Bow Tan said.

Yudhoyono Says Bailout of Bank Century Was Necessary to Prevent a Crisis Indonesian President Susilo Bambang Yudhoyono said the government’s cash injections into PT Bank Century after a bailout last year were necessary, and rejected suggestions the money was used in his re-election campaign.

Ex-CLSA Banker Lam Banned for Life by Hong Kong's SFC for Insider Trading Hong Kong’s Securities and Futures Commission banned former CLSA Asia-Pacific Markets investment banker Allen Lam from the industry for life following his conviction in July for insider trading.

General News

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.

Indonesian Rescuers Comb Sea Off Sumatra for Ferry Survivors as 29 Drown Indonesian rescue workers are combing the sea off Sumatra island for survivors after a ferry sank in rough weather yesterday, killing at least 29 people, officials said.

Death Toll Climbs to 104 in China's Worst Mining Accident in Two Years The death toll from China’s worst coal-mine disaster in almost two years rose to 104 as authorities criticized safety lapses and dismissed senior management of the pit in the country’s northeast.


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