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.
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.
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.