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Nov 9, 2011

Stocks & Markets in the News | Asian Markets: Asia markets sink amid fresh Europe woes: Asia Markets - MarketWatch

By Virginia Harrison, MarketWatch 
 
SYDNEY (MarketWatch) — Asia markets sunk on Thursday as rising Italian borrowing costs washed fresh waves of anxiety about the euro-zone debt crisis over the region.
Hong Kong’s Hang Seng Index HK:HSI -4.51%   dove 4.3%, and the Shanghai Composite CN:000001 -1.36%  fell 0.9% in early moves.
Japan’s Nikkei Stock Average JP:NIK -2.36%   dropped 2.2%, while Australia’s S&P/ASX 200 index AU:XJO -2.64%  and South Korea’s Kospi KR:0100 -3.35% each traded down 2.7%.
The losses in Asia tracked steep falls for U.S. stocks, where the Dow Jones Industrial Average DJIA -3.20%  , Nasdaq COMP -3.88%  and S&P 500 SPX -3.67%  all plunged more than 3% after a surge in Italian borrowing costs saw investors dump stocks. 

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Stocks and Markets in the News | Asia | China Trade Balance: China's trade surplus widens: Market Pulse - MarketWatch

By Michael Kitchen 
 
LOS ANGELES (MarketWatch) -- China's trade surplus widened in October, though by less than economists had expected. The month's surplus hit $17.0 billion, which was above September's $14.51 billion but below separate Dow Jones Newswires and Reuters forecasts of $25.8 billion and $24.9 billion, respectively. Exports were 15.9% higher than a year earlier, though below the 16.5% projection from the Reuters survey. Imports gained 28.7%. In September, exports had risen 17.1%, while imports were up 20.9%.

The Australian | Business Briefing Update: Jobless rate in surprise fall



Jobless rate in surprise fall
Enda Curran AUSTRALIA'S unemployment rate fell to a lower-than-expected 5.2 per cent in October from 5.3 per cent in September.
 
Fresh EU fears plague markets
Scott Murdoch THE Australian stockmarket and dollar are trading deep in the red as fresh concerns about Europe plague world markets.
 
Asia growth eases: RBA's Lowe
James Glynn RBA Asisstant Governor Phil Lowe warned that Asia’s economies are growing at a slower pace as economic uncertainty grips Europe.
 
QR to ease exec pay targets
David Fickling QR National will seek to change executive compensation terms to make it easier for executives to hit targets under extreme weather.
 
Optus Q2 profit up
Gaurav Raghuvanshi OPTUS revenue rose 0.7 per cent from a year earlier to $2.34 billion as SingTel reported its fiscal second-quarter results.
 
Challenger names Benari CEO
Cynthia Koons CHALLENGER has appointed chief financial officer Brian Benari its new chief executive, replacing Dominic Stevens.
 
Phones ring the end for iPod
Murad Ahmed APPLE’S company transforming iPod digital music player is on the way out – cannibalised by the iPhone and others of its ilk.
 
Asciano coy on guidance
David Fickling ASCIANO has warned it would be affected by a fall in economic activity from global turmoil, as coal volumes hauled slipped.
 
Financial Markets
Fresh EU fears plague markets
Scott Murdoch THE Australian stockmarket and dollar are trading deep in the red as fresh concerns about Europe plague world markets.
 
Stocks plunge on Italy gloom
Echo's Star to rake in the chips
 
Financial Markets Coverage
 
Mining & Energy
QR to ease exec pay targets
David Fickling QR National will seek to change executive compensation terms to make it easier for executives to hit targets under extreme weather.
 
Lynas mine in Africa tangle
Gold caught in metals rout
 
More Mining & Energy

The Australian IT | PiNG: Samsung wants iPhone 4S source code



Samsung wants iPhone 4S source code
Andrew Colley SAMSUNG lawyers have accused Apple of trying to hide its iPhone 4S source code from its experts.
 
HCL Australia gets new chief
Fran Foo INDIAN IT outsourcing outfit HCL Technologies has appointed an executive from a rival firm to lead its operations in Australia.
 
Legal change may allow killer games
Imre Salusinszky COMPUTER games in which the player has virtual sex with a prostitute before killing her could become available in Australia.
 
Cartridge firm linked to more scandal
Michael Owen and Rebecca Puddy A VICTORIAN firm linked to the printer-cartridges-for-gifts scandal in SA government departments has been implicated in more allegations.
 
Adobe drops Flash for phones
Matt Jarzemsky ADOBE Systems plans to stop development of its Flash player software for mobile browsers.
 
Electric cars 'may short-circuit grid'
Annabel Hepworth and Debbie Guest THE uptake of electric cars could stress the electricity grid unless owners plug in their vehicles during off-peak times.
 
Myer gets real about virtual shopping
Matthew Stevens LISTENING to Bernie Brookes talking retail could never be described as dull.
 
MSIA raises e-health safety issues
Karen Dearne MEDICAL software players are at risk of liability if issues relating to the year-old Healthcare Identifiers service aren't resolved.
 
US charges online ad fraudsters
A CREW of internet bandits devised an international scheme to hijack more than 4 million computers worldwide.
 
India web users top 100 million
INDIA'S internet users have topped 100 million and its online population could overtake the US within two years.
 
Gyngell hopeful on paid content
Simon Canning NINE Entertainment chief David Gyngell said he was watching closely News Limited's push to drive paid premium content online.
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