[external] ENRC says no plans to take over Kazakhmys - Reuters - Wed 7:08 am
LONDON, May 13 (Reuters) - Mining group ENRC said on Tuesday it had decided not to make an offer for Kazakh rival Kazakhmys at the current time, initially sending shares in Kazakhmys down 7 percent before rebounding sharply to be 1 percent off.

[external] HIGHLIGHTS-Euro zone finance ministers' meeting - Reuters - Wed 7:02 am
BRUSSELS, May 13 (Reuters) - The following are comments by euro zone finance ministers and other officials in connection with their meeting on Tuesday in Brussels.

[external] Turkish markets boosted by Turkcell, foreign gains - Reuters - Wed 6:51 am
ISTANBUL, May 13 (Reuters) - Turkish shares, bonds and the lira all gained on Tuesday in line with foreign market gains, supported by stronger-than-expected U.S. retail sales, with shares boosted by a rebound for Turkcell .

[external] Turkish Is Bank says Q1 profit rises 51 pct y/y - Reuters - Wed 6:44 am
ISTANBUL, May 13 (Reuters) - Turkey's second-largest private lender Is Bank posted a 51 percent rise in first quarter net profit to 555 million lira ($444 million).

[external] Omnitech Info Jan-March net at 86 mln rupees - Reuters - Wed 6:38 am
MUMBAI, May 13 (Reuters) - Omnitech InfoSolutions on Tuesday reported a net profit of 86 million rupees for the quarter ended March 31, on net sales of 421 million rupees.

[external] India to issue $3.6 bln bonds to state oil refiners - Reuters - Wed 6:36 am
NEW DELHI, May 13 (Reuters) - India will issue bonds worth 150 billion rupees ($3.6 billion) to state oil refiners for the quarter that ended on March, to compensate half the revenue loss incurred for selling fuel at state-set low prices, a government official said on Tuesday.

[external] US STOCKS-Wal-Mart, Hewlett-Packard weigh on market - Reuters - Wed 6:34 am
*Overshadows earlier optimism on retail sales ex autos (Updates to early morning)
By Kristina Cooke
NEW YORK, May 13 (Reuters) - U.S. stocks fell on Tuesday, after Wal-Mart Stores Inc's outlook disappointed and as Hewlett-Packard shares dragged after it struck a deal to buy Electronic Data Systems for $12.6 billion.

[external] Fiscal policy key for Russia rating action-S&P - Reuters - Wed 6:32 am
MOSCOW, May 13 (Reuters) - Credit rating agency Standard & Poor's welcomed the re-appointment of Russia's Finance Minister Alexei Kudrin on Tuesday and said prudent fiscal policy was an important factor for Russia's sovereign rating review.

[external] StatoilHydro sees South Pars start-up in mid-2008 - Reuters - Wed 6:32 am
OSLO, May 13 (Reuters) - Norwegian energy group StatoilHydro said on Tuesday that it aims to bring its part of the big South Pars gas project off Iran on stream in mid-2008 but said it has no current plans to invest more in the Gulf country.

Earlier Headlines

All times are Singapore Time (GMT+8)

· [external] Shipping Corp to consider proposal for bonus issue - Reuters - Wed 6:27 am
· [external] BEML signs agreements with SAIL, Coal India - Reuters - Wed 6:26 am
· [external] Rio shares rise on talk of fresh BHP offer - traders - Reuters - Wed 6:23 am
· [external] Stockmann temporarily closes Moscow store - Reuters - Wed 6:22 am
· [external] India benchmark index futures premium narrows - Reuters - Wed 6:19 am
· [external] Austrian Airlines calls in lawyers over Jaber deal - Reuters - Wed 6:12 am
· [external] *TOP NEWS* Central banks - Reuters - Wed 6:10 am
· [external] Turkish employment reform destined to fail-employers - Reuters - Wed 6:05 am
· [external] City of Moscow to sell 5 bln rbl bond on June 4 - Reuters - Wed 6:01 am
· [external] Blackstone launches new Asia-focused hedge effort - Reuters - Wed 5:59 am

· [external] Pakistani PM calls for final try to salvage coalition - Reuters - Wed 5:50 am
· [external] European stocks trim losses after US retail sales - Reuters - Wed 4:41 am
· [external] Indian rupee at 13-mth low as oil, slowdown weigh - Reuters - Wed 4:40 am
· [external] FOREX-Dollar extends gains versus euro, yen on retail data - Reuters - Wed 4:39 am
· [external] Malaysia buys 200,000 tonnes Thai rice, wants more - Reuters - Wed 4:33 am
· [external] Misys tops midcap gainers on market talk of bid - Reuters - Wed 4:31 am
· [external] Wal-Mart's Asda shows strong growth, eyes Russia - Reuters - Wed 4:27 am
· [external] Thaicom Q1 net profit up, beats forecasts - Reuters - Wed 4:23 am
· [external] MOVES-Barclays, Julius Baer, Brit Insurance, Deutsche Bank - Reuters - Wed 4:16 am
· [external] Varun Shipping to buy new vessels, expand offshore biz - Reuters - Wed 4:14 am

· [external] Ford Motor launches engine plant in India - Reuters - Wed 4:11 am
· [external] Pakistan closing rupee rates in the kerb market - Reuters - Wed 4:06 am
· [external] Panasonic-Hersteller Matsushita erreicht wohl Quartalsziele - Reuters - Wed 3:59 am
· [external] Pakistani stocks up 1.79 pct despite coalition woes - Reuters - Wed 3:57 am
· [external] Orascom eyes 10 mln cellphone users in Bangladesh - Reuters - Wed 3:55 am
· [external] Kyrgyz government to defend Centerra deal in court - Reuters - Wed 3:54 am
· [external] India FIMMDA-REUTERS-MIOCS for 3 years 4.42 pct - Reuters - Wed 3:54 am
· [external] Shares turn lower, data hits sterling - Reuters - Wed 3:47 am
· [external] US STOCKS-Futures lower on banks, Wal-Mart - Reuters - Wed 3:46 am
· [external] Daily Chinese yuan and money market update - Reuters - Wed 3:44 am

· [external] S&P 500 to hit 1,500 by yearend-Goldman strategist - Reuters - Wed 3:43 am
· [external] Yuan eases vs dlr in spot market, slides in NDFs - Reuters - Wed 3:43 am
· [external] India fwd/annualised dlr premia-(closing)-May 13 - Reuters - Wed 3:39 am
· [external] Sri Lanka shares end at 1-mth low, rupee edges down - Reuters - Wed 3:35 am
· [external] Indonesia's Indofood says delays $162 mln bond issue - Reuters - Wed 3:32 am
· [external] Thai Cal-Comp Q1 net profit down 13 pct - Reuters - Wed 3:32 am
· [external] Malaysia ends protection for carmaker Proton -report - Reuters - Wed 3:31 am
· [external] India call money-(closing)-06.40-06.50 pct May 13 - Reuters - Wed 3:31 am
· [external] UPDATE-1 Usha Martin Jan-March net rises 29 pct - Reuters - Wed 3:28 am
· [external] Thaicom Q1 net profit up, beats f'casts - Reuters - Wed 3:27 am

· [external] Taiwan's TSMC approves share buyback of up to $1 bln - Reuters - Wed 3:25 am
· [external] Russia judge demands swifter Bank of NY Mellon suit - Reuters - Wed 3:24 am
· [external] Indian shares drop 0.6 pct, Bharti slides - Reuters - Wed 3:23 am
· [external] China's ICBC to buy into Taiping Life -report - Reuters - Wed 3:21 am
· [external] India GAIL to buy 6-7 spot LNG cargo in Jan-Mar 09 - Reuters - Wed 3:17 am
· [external] Emerging Markets-Slovak crown up to new high - Reuters - Wed 3:17 am
· [external] Lycos Europe favours U.S., Asian buyers -CEO in FT - Reuters - Wed 3:15 am
· [external] China restarts oil line, gas wells shut on quake - Reuters - Wed 3:13 am
· [external] Fortis Q1 dips; subprime losses outweigh ABN gain - Reuters - Wed 3:11 am
· [external] Banks, oils drag European shares into the red - Reuters - Wed 3:11 am