THAILAND

Thousands Flee Bangkok as High Tide, Floods Threaten City

Bangkok floods 14
Traffic clogged roads out of Bangkok Friday as tens of thousands of people fled ahead of a high tide expected to worsen floods that have inundated factories and prompted foreign governments to warn their citizens to stay away.
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Japanese Factory Output Posts First Post-Quake Slump

Japanese factory output fell in September for the first time since the devastating March earthquake, a sign the economy's recovery from the disaster is tailing off in the face of slowing global growth, the strong yen and Europe's lingering debt woes.
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Late Chinese leader Mao Zedong is seen on a 100 yuan banknote in this photo illustration taken in Beijing

Exclusive: China eyes creation of ASEAN Bank

China is considering a proposal to set up a regional bank to help its small and medium enterprises invest in Southeast Asian neighbors, fund infrastructure projects and promote development in southwestern China, two independent sources said.
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Hyundai sees rising competition after Q3 profit rise

South Korea's Hyundai Motor <005380.KS> warned of rising competition and economic uncertainty after it posted on Thursday a 21 percent rise in quarterly net profit, fueled by solid sales gains in the United States, Europe and other markets.
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Hyundai Q3 profit up 21 percent; meets forecast

South Korea's Hyundai Motor <005380.KS> posted a 21 percent rise in quarterly net profit, meeting consensus, fueled by solid sales gains in the United States, Europe and other markets despite global economic uncertainty.
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Ford's lackluster outlook disappoints

Ford Motor Co posted a lower third-quarter profit after taking a hit from plunging metals prices and sustaining losses in its European and Asian operations.
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Fujitsu profit sags, pegs hopes on H2 IT spending

Fujitsu Ltd <6702.T> said its quarterly operating profit fell 35 percent, dragged down by losses in its devices business, sluggish IT spending in Japan and a strong yen, but it stuck to its full-year profit forecast on hopes for a pickup in IT spending in the October-March period.
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Growing flood alarm in Bangkok after Thai PM warning

Fears of flooding across the Thai capital grew on Wednesday after Prime Minister Yingluck Shinawatra warned parts of Bangkok could face inundation for up to a month, with authorities calling a special five-day holiday to allow people to leave.
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Hitachi boosts H1 profit forecast by 70 percent

Hitachi Ltd lifted its first-half profit forecast by 70 percent on improvements in its infrastructure-related businesses but kept its annual forecast intact citing unstable conditions in the global economy.
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Broadcom sees revenue decline, stock falls

Broadcom Corp warned revenue could fall as much as 13 percent this quarter due to broad- based weakness in demand, even in wireless, where it supplies chips for Apple Inc products such as the iPhone.
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Canon cuts outlook on Thai floods, strong yen

Canon Inc on Tuesday became the first major Japanese firm to cut its annual outlook due to Thai flooding and the strong yen, two problems that are clouding the outlook for many of its rivals ahead of the lucrative year-end shopping season.
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Thai Floods Threaten Asian PC Makers' Holiday Sales

Asia's PC makers, already grappling with the prospect of subdued year-end holiday season consumer demand, are faced with a likely further slowdown in the lunar new year sales season as Thailand's floods cut the supply of hard disk drives.

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