STOCKHOLM--Business Wire--Regulatory News: The medical technology company Elekta STO:EKTAB has formed an investmentcompany Global Medical
STOCKHOLM--(Business Wire)--Regulatory News: The medical technology company Elekta (STO:EKTAB) has formed an investmentcompany, Global Medical Investments "GMI", with Swedfund International AB forfinancing and establishment of cancer care projects in developing countries. Global Medical Investments, GMI, will invest, develop and support theestablishment of cancer management programs in developing countries across theworld in cooperation with local healthcare providers and partners. Vietcombank VCB.HM, the largest partly private lender byassets, rose 0.8 percent, after jumping by the maximum 20percent allowed on its market debut on Tuesday. A state-run newspaper reported on Wednesday that first-halfgross profit at Vietcombank reached 2.45 trillion dong, 75percent of its annual target. The Thai stock market .SETI was closed for a marketholiday and trading will resume on Thursday. The Philippine index .PSI fell for a third day, inchingdown 0.2 percent to its lowest since June 24, with Bank ofPhilippine Islands (BPI.PS) down 1.2 percent and electricityproducer Energy Development Corp (EDC.PS) down 1.3 percent. Vietnam .VNI extended losses into a third day, sliding4.1 percent to its lowest level since June 1, with insurer BaoViet Holdings BVH.HM down 4.7 percent.
Financials and energy-related firms led gainers, withBumiputra Commerce BUCM.KL up 0.6 percent, RHB Capital(RHBC.KL) 1.9 percent higher, Genting (GENT.KL) rising 2.7percent and Tanjong (TJPL.KL) climbing 3.8 percent. "We believe the market is ripe for consolidation and wouldlook at lower KLCI entry levels of close to 950-1000 whileawaiting the positive feedback loop from the stimulus packages,new policy measures, low interest rates, and stabilisation ofthe global economy to feed through earnings momentum," he said. Chris Oh, an analyst at JP Morgan, said the positive stepswould take time to make an impact, especially as investorswould be wary about how long it would take to implement them. Malaysia .KLSE closed 0.4 percent higher at 1079.40,reversing a small loss in early trade. The Kuala Lumpur Composite Index (KLCI) .KLSE had endedflat on Tuesday after Malaysia's prime minister unveiled a raftof measures aimed at boosting investment in the slumpingeconomy. Shares in Singapore's Frasers Commercial Trust (FRCR.SI)dropped 12.5 percent after it announced plans to raise S$213.9million ($129 million) in a 3-for-1 rights issue and wouldborrow S$675 million to refinance debt maturing this year. Singapore's index .FTSTI ended up 0.8 percent, aftersliding earlier, with developer CapitaLand (CATL.SI) up 1.1percent, DBS Group Holdings (DBSM.SI) rising 1.5 percent andOversea-Chinese Banking Corp (OCBC.SI) 1.1 percent higher.
Telecommunications firm Telekomunikasi Indonesia (TLKM.JK)surged 5.3 percent, Unilever Indonesia (UNVR.JK) climbed 4.9percent, Bank Central Asia (BBCA.JK) was up 2.1 percent andBank Mandiri (BMRI.JK) was 2.4 percent higher. By 0919 GMT, the MSCI index of Asia-Pacific stocksoutside Japan .MIAPJ0000PUS was up 0.04 percent. Jakarta .JKSE rose 1.6 percent, snapping a three-dayfall, ahead of Bank Indonesia's meeting on Friday to reviewrates, with moderating inflation expected to give it room tocut its key interest rate by 25 basis points, a Reuters pollshowed. crude oil futures CLc1, which rose $1 to $70.89 abarrel on Wednesday, pushed up resource shares in the region. Asian stocks elsewhere were mixed at the start of the thirdquarter. * Indonesia rises amid rate cut expectations * Singapore, Malaysia recoup early losses * Philippine index hits 1-week low; Vietnam at 1-month low By Viparat Jantraprap BANGKOK, July 1 (Reuters) - Southeast Asian stock marketsended mixed on Wednesday, with Indonesia climbing amid rate cutexpectations while Singapore and Malaysia recouped earlylosses, pulled up by banks and developers U.S.
Analysts expect a limited response, perhaps involving air strikes. The military might also seek help from the Haqqani network, Bahadur's allies, to rein him in and keep a lid on North Waziristan while if focuses on South Waziristan.. WHAT NEXT? The attack by Bahadur's men and his scrapping of the peace deal raises the prospect of an expanding insurgency. But the military will be reluctant to open a new front in North Waziristan while it still faces pockets of resistance in Swat and is preparing to go after Mehsud in South Waziristan.
However, a military spokesman said this week unspecified action would be taken in response to the Sunday ambush. For these reasons, analysts say, Pakistan is reluctant to open hostilities with groups, such as the Haqqani network and Afghan Taliban, which pose no danger to it and which could provide leverage in Afghanistan. Pakistan has a tradition of using Islamist fighters to achieve foreign policy aims and analysts say it is nervous about the growing influence of old rival India in Afghanistan, and about the prospect of U.S forces pulling out and leaving the country in chaos. Like the Haqqani network, the Afghan Taliban do not launch attacks in Pakistan. PAKISTAN'S POSITION Some analysts say Pakistan is fighting the groups that pose the greatest danger to it, the ones attacking security forces and setting off bombs in cities, while largely ignoring the groups that fight in Afghanistan. The Afghan Taliban also operate out of enclaves on the Pakistani side of the border, with many leaders believed to be based in Baluchistan province.