Asset sale not on the cards for Indonesia's indebted Bakrie Group-sources

JAKARTA, Oct 31 - Indonesia's mining-to-telecoms conglomerate Bakrie Group will negotiate with creditors to restructure part of its $8 billion in debt rather than sell major assets, people familiar with its strategy say.

4:24am GMT

UPDATE 1-Taiwan shipbuilder, Lockheed Martin to build minesweepers for navy

TAIPEI, Oct 31 - A consortium of Taiwan's largest private shipbuilder Ching Fu Shipbuilding Co Ltd, U.S. defence firm Lockheed Martin Corp and Italian firm Intermarine SpA have won a contract to supply six mine countermeasure vessels for Taiwan's navy for an undisclosed amount.

4:05am GMT

Samsung Elec seeks China turnaround, unveils mid-tier handsets with premium feel

SEOUL, Oct 31 - Samsung Electronics Co Ltd unveiled two new mid-tier handsets with a premium design as it prepared to deliver a riposte to its low-priced Chinese rivals and reclaim its title as the top brand in the world's biggest smartphone market.

3:09am GMT

Australia & NZ stocks pop higher, on track for hefty monthly gains

* 142 shares down, 45 shares up, 12 shares unchanged (Adds analysis, quotes, stocks on the move)

2:53am GMT

Boeing exec says NASA crash underscores need for new U.S. engine

WASHINGTON, Oct 30 - The crash of an unmanned Orbital Sciences Antares rocket is a "wake-up call" to the U.S. space community about the need to develop a new U.S. rocket engine, the head of Boeing Co's defense division said on Thursday.

2:22am GMT


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