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

Thu. November 05, 2009; Posted: 01:29 AM
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Look up the PowerRating of NWS.A and see how it has performed over the past week as well as the current proprietary PowerRating.

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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