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Asian superheroes come to rescue of region's film industry

BUSAN, South Korea, Oct 9, 2008 (AFP) - Asian filmmakers who have watched in envy as US superheroes have won billions at the international box office are determined not to let Hollywood have everything its own way.

Golf: Indonesia Open moving to Bali

JAKARTA, Oct 9, 2008 (AFP) - The Indonesia Open, co-sanctioned by the Asian and European Tours, will move to Bali in 2009 with the prizemoney bumped up to 1.25 million US dollars -- the richest sporting event in the country.

The acclaimed Dream Land-New Kuta Golf Resort will be the setting for the February 26-March 1 championships after organisers decided to shift it from Jakarta.

Football: Malaysia faces losing AFC headquarters

KUALA LUMPUR, Oct 9, 2008 (AFP) - Malaysia faces losing the headquarters of the Asian Football Confederation (AFC) which it has hosted for nearly half a century, after relations with the sporting body soured.

Dollar gains in Asia as stocks steady

TOKYO, Oct 9, 2008 (AFP) - The dollar rose against the euro and the yen in Asia on Thursday as stocks in the region showed signs of stabilising after recent steep falls, dealers said.

Football: Coach Vidmar keeps lid on Adelaide's ACL expectations

SYDNEY, Oct 9, 2008 (AFP) - Coach Aurelio Vidmar Thursday warned his Adelaide United players to keep a lid on their expectations as they take a 3-0 lead into their AFC Champions' League semi-final return leg with Uzbekistan's Kuruvchi later this month.

Oil prices continue lower

SINGAPORE, Oct 9, 2008 (AFP) - Oil prices continued lower Thursday on fears of slowing world energy demand despite government efforts to bail out the ailing global financial system, analysts said.

Yen retreats as stocks steady

TOKYO, Oct 9, 2008 (AFP) - The yen fell back in Asian trade Thursday from recent highs against the dollar and the euro as ailing stock markets showed signs of stabilising, dealers said.

ADB chief says Asia to fare better than rest of world in credit crisis

TOKYO, Oct 9, 2008 (AFP) - The global financial crisis will have 'considerable' effects on Asia but the region will fare well by world standards, Asian Development Bank president Haruhiko Kuroda said Thursday.

Developing Asia's economic growth rates will be 'comparatively high,' said Kuroda.

Yen surges against dollar, euro

TOKYO, Oct 8, 2008 (AFP) - The yen surged on Wednesday, breaking 100 to the dollar for the first time in six months and hitting a three-year high against the euro amid a massive sell-off on stock markets across the world.

Oil falls back under 90 dollars

SINGAPORE, Oct 8, 2008 (AFP) - World oil prices fell back under 90 dollars on Wednesday as traders fretted over the global financial crisis and the resultant fall in energy demand, dealers said.