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Xinhua world economic news summary at 0600 GMT, Nov. 5

Posted on: Thu, 05 Nov 2009 01:29:00 EST

Symbols: NWS.A

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Nov 05, 2009 (Xinhua via COMTEX) --
NWS.A | Quote | Chart | News | PowerRating -- NEW YORK -- News Corp., the New York-based media giant,
reported on Wednesday an 11 percent increase in third- quarter
profit, beating analysts' estimates on box-office gains from films
including "Ice Age."

Net income rose to 571 million U.S. dollars, or 22 cents a
share, from 515 million dollars, or 20 cents, a year earlier, the
company said. (U.S.-News Corp-Profit)

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LUANDA -- Angola's Cabinet Council under president Jose Eduardo
dos Santos on Wednesday approved the issue of treasury bonds
valued at some four billion U.S. dollars into international
markets to shore up local food and beverages industries.

The bonds will be issued in two batches of two billion dollars
each between December 2009 and June 2010, the cabinet said in a
press release without elaborating on the terms of payments and
dividends of the bonds. (Angola-Bond-International)

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SEOUL -- South Korea posted 6.39 billion U.S. dollars of trade
surplus in information technology (IT) products in October, the
Ministry of Knowledge Economy said in a report on Thursday.

According to a report by the ministry, exports of
semiconductors, mobile phones and other IT products reached 12.04
billion dollars in October, up 0.7 percent on-year, while imports
posted 5.66 billion dollars, down 10.9 percent on-year.
(SKorea-IT-Surplus)

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WELLINGTON -- The number of unemployed people in New Zealand
reached the highest level in more than 15 years.

New figures from Statistics New Zealand issued on Thursday
showed the number of people out of work increased by 12,000 or 9
percent during the September quarter to reach 150,000. (New
Zealand-Unemployment)

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BRASILIA -- Petrobras, a Brazilian multinational energy
company, signed a 10-year contract on Tuesday for a
10-billion-dollar financing from the China Development Bank
Corporation, the company source confirmed Wednesday.

The fund would be used to finance the Petrobras Business Plan
2009-2013 and would be made available to the company in several
stages, according to Petrobras. (Brazil-China-Loan)

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