SINGAPORE
Singapore Exchange (SGX) announced the appointment of Timothy Utama as its Chief Operations and Technology Officer, effective 1 December 2012.
US markets were mixed on Friday. On the US economic data front, no major data were released today. Stocks in the telecommunication services & health care equipment & services sectors traded higher while shares in the transportation and automobiles & components sectors were under pressure. Looking at some US news, Oracle (ORCL +0.65% to $32.47) posted 1Q adjusted EPS up 11% YoY to $0.53 (inline) on non GAAP revenue down 2% YoY to $8.21B ($8.4B expected). Texas Instrument (TXN +0.49% to $28.99) boosted its quarterly dividend to $0.21 a share from $0.17. Research In Motion (RIMM -6.52% to $6.46) was under pressure as it BlackBerry services suffered some disruptions end of last week just at the same time as Apple (AAPL +0.2% to $700.1) started selling its iPhone 5.
In Europe , French wages gained 0.5% in 2Q in final estimation, as in prior one. In UK , Public Sector Net Borrowing (PSNB) ex Interventions was an excess of £14.4B in August vs +0.1B in July. Regarding the stocks, Elan Corp gained ground after naming Hans Peter Hasler, currently chairman of HBM BioVentures, as COO of the Co. This morning, the Nikkei225 index opened slightly lower.
CHINA - HK
The World Trade Organization has cut its 2012 global trade growth forecast to 2.5% from 3.7%, citing the eurozone debt crisis and the slowdown in the US and China.
Home prices in China are not expected to show a broad-based rebound in the near future as supply will not significantly fall short of demand, reported the People's Daily citing an unnamed official from the Ministry of Housing and Urban-Rural Development.
Standard Chartered (2888) announced it has finalized the terms of its $340M settlement with the New York State Department of Financial Services over allegations of violating US trade sanctions by handling transactions for Iranian customers. The Bank added: "The Group continues to engage with the other US agencies on their review of the Group's historical US sanctions compliance. The Group cannot predict when this review and these discussions will be completed or what the outcome will be and therefore potential liabilities cannot be reasonably quantified at this point."
CNOOC Ltd (883): Chinese Commerce Minister Chen Deming is expected to mention the Co's bid for Canadian oil producer Nexen Inc during his visit to the country this week, according to Canada China Business Council president Peter Harder cited by Reuters.
Glencore International Plc (805) and miner Xstrata Plc announced an extension, to October 1, to the deadline by which Xstrata's independent non-executive directors are to announce their response to Glencore's revised merger proposal.
China Coal Energy (1898) said its parent group has completed a year-long scheme to buy 24.2M A-shares and 120M H-shares in the Co raising its stake to 57.52%.
ZTE Corp (763) announced plans to sell its 68% stake in Shenzhen ZTE Special Equipment Co Ltd to 10 investors for 528M yuan, saying the deal would generate an investment income of 360M-440M yuan.
Metallurgical Corp of China (1618) said some of its directors and senior managers increased their holdings in the Co's A-shares and H-shares in September 20-21.
First Tractor (38) proposed issuing 1.5B yuan of corporate bonds.
Google Trend HK - popular searches: China Coal Energy Co (1898), Jiangxi Copper (358), SPDR Gold Shares (2840), Zhaojin Mining Industry Co (1818) ZTE Corp (763)'s board approved the disposal of 68% equity interests in Shenzhen ZTE Special Equipment Company Ltd to several investors for 360M-440M yuan.
Belle International (1880): ex-div HK$0.08
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