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Asian economic and corporate news summary.

Europe Intelligence Wire

| October 16, 2006 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From AFX Europe (Focus))

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 0450 GMT:

JAPAN:

-Japan Sept corporate failures down 13.8 pct from Aug - Teikoku

-Japan Aug domestic cellphone shipments 3.03 mln units, down 4.9 pct yr-on-yr

-Toshiba says looking at 'many possibilities' after recall of Sony batteries

-Sumitomo Chemical raises parent H1 net profit forecast to 56 bln yen from 48 bln

SOUTH KOREA:

-Samsung Electronics Q3 net profit 2.19 trln won vs 1.51 trln in Q2

-Samsung Elec Q3 opg profit up 30 pct from Q2, meets mkt consensus

-Samsung Electronics sees …

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