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Hungry? China's food delivery apps bite into Yum revival

*Yum cites dud marketing, slower China growth as profit hit. *Shares sag near 20 pct after says way behind China target. Yum's shares dived this week after it said it's way behind target in a bid to recover from damaging food scandals in China, its top driver for profit and revenue.
Source: Reuters | By: Adam Jourdan
UPDATE 1-Malaysian central bank urged criminal prosecution of state fund 1MDB

KUALA LUMPUR, Oct 9- Malaysia's central bank said on Friday it had urged the country's attorney general to begin criminal prosecution of troubled fund 1 MDB after completing its investigation, piling more pressure on Prime Minister Najib Razak who chairs the fund's advisory board. At the center of a political crisis over its debt of nearly 42 billion ringgit...
Source: Reuters | By: Praveen Menon
UPDATE 1-Amid commodity crisis, LPG emerges as accidental bright-spot

*Biggest growth seen in India. SINGAPORE/ DUJANA, India, Oct 9- Liquefied Petroleum Gas, long a niche product used by the poor to cook and the rich to barbecue, has become a rare bright spot amid a broad commodities rout, riding on the wave of strong economic growth in India and parts of Southeast Asia. The biggest growth market is India, with its 1.3 billion people and 8...
Source: Reuters | By: Henning Gloystein and Sankalp Phartiyal
UPDATE 1-Japan's Amari says not willing to renegotiate TPP trade pact

TOKYO, Oct 9- Japanese Economics Minister Akira Amari said on Friday he is not willing to renegotiate the Trans-Pacific Partnership after U.S. President Barack Obama' s focus on Asia, but Japanese Prime Minister Shinzo Abe has also made TPP a pillar of his plan to make Japanese companies more competitive. The United States, Japan and 10 other Pacific Rim countries...
Source: Reuters | By: Stanley White
POLL-Australia's 2015/16 wheat output to drop as El Nino shrivels crop

SINGAPORE, Oct 9- Australian wheat output in the year to June 2016 is expected to drop almost 4 percent short of latest government estimates as dryness linked to an El Nino weather pattern and above-normal temperatures hurt the crop in its crucial phase of development. The forecast output would be below the 25.28 million tonnes estimated by the Australian...
Source: Reuters | By: Naveen Thukral
UPDATE 4-Oil extends gains, set for biggest weekly rise since 2009

*Baker Hughes rig count due later on Friday. U.S. crude was up 77 cents at $50.20 a barrel after rising as far as $50.58, the highest level in more than two months. Forecaster PIRA Energy Group issued a bullish oil price prediction on Thursday, saying oil would hit $70 a barrel by the end of next year and to trade at $75 in 2017..
Source: Reuters | By: Karolin Schaps
Taiwan's Fubon 'wants to be able to swim freely in China'

Fubon has made waves as the first Taiwanese financial institution to extend its reach into mainland China, in spite of tense cross-straits relations.
Source: CNBC.com | By: Reporting by Christine Tan | Written by Aza Wee Sile
GLOBAL MARKETS-Stocks eye biggest rally in 4 years on Fed relief

*Zinc soars on Glencore output cut. LONDON, Oct 9- World stocks rose on Friday, putting them on course for their biggest weekly rise in four years after minutes of the Federal Reserve's last policy meeting showed the U.S. central bank is in no rush to raise interest rates. Brent crude oil was on track for its biggest weekly rise since March 2009, while zinc soared 9...
Source: Reuters | By: Jamie McGeever
North Korea is politically stable: Pro  

John Nilsson-Wright, head of Asia program at Chatham House, explains why the world should take North Korea seriously.
Source: CNBC.com
UPDATE 1-China Resources unit to sell Wal-Mart China store stakes for $525 mln

SHANGHAI, Oct 9- A unit of conglomerate China Resources Corp plans to sell minority stakes it holds in 21 Wal-Mart Stores Inc outlets around China, a spokesman for the U.S. retailer told Reuters on Friday. Wal-Mart, France's Carrefour SA and Britain's Tesco PLC have all seen sales growth slip over the last five years in China, losing market share to local rivals,...
Source: Reuters