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  • TAIPEI, Taiwan-- Hong Kong media mogul Jimmy Lai announced Tuesday he will sell his prized Taiwan television business, best known for its fanciful animated takes on political and celebrity scandals, because of big financial losses.

  • SYDNEY, Oct 2- Australia's central bank cut interest rates by a quarter point to a three-year trough of 3.25 percent on Tuesday as a slowdown in China, falling export prices and a high currency all dimmed the economic outlook at home.

  • SYDNEY-- Australia's central bank cut its benchmark interest rate by a quarter percentage point Tuesday as a slowdown in China's economy and persistent weakness in Europe adds to uncertainty about Australia's economic outlook.

  • By Tan Ee Lyn and Donny Kwok. HONG KONG, Oct 2- At least 36 people died and dozens were injured when a ferry carrying more than 120 revellers on a company outing collided with another ferry and sank near an island south of Hong Kong on Monday night, in one of the city's worst maritime accidents.

  • SINGAPORE, Oct 2- Asia's gasoil refining margin weakened on Tuesday, hurt by increasing supply in the market. The front-month November margin fell 16 cents to a premium of $18.86 a barrel to Dubai crude, lowest in four sessions, according to Reuters data. In the fuel oil market, inter-month spreads were weaker as demand from China and Japan was lacklustre.

  • Seoul, Oct 2- South Korea's main KOSPI share index was up 0.24 percent at 2,001.13 points as of 0434 GMT. The food and beverage index jumped to a record high, which analysts attributed to holidays in Korea and China boosting demand and earnings. Orion Corp, another food manufacturer, was also trading at an all-time high of 986,000 won.

  • SYDNEY, Oct 2- Australia's central bank cut its main cash rate by a quarter point to 3.25 percent on Tuesday, saying the growth outlook for next year looked a little weaker, while inflation was likely to remained contained within its target. The Reserve Bank of Australia announced the decision after its monthly policy meeting.

  • SYDNEY, Oct 2- Australia's central bank cut its main cash rate by a quarter point to 3.25 percent on Tuesday, saying the growth outlook for next year looked a little weaker, while inflation was likely to remained contained within its target. The Reserve Bank of Australia announced the decision after its monthly policy meeting.

  • Global economic activity has slowed this year, curbing fuel demand growth in Asia, Europe and the United States. The euro supported oil prices, rising for a second straight session on growing expectations the euro zone's fourth-largest economy, Spain, will seek a bailout.

  • SYDNEY, Oct 2- Australia's central bank cut its main cash rate by a quarter point to 3.25 percent on Tuesday, saying the growth outlook for next year looked a little weaker, while inflation was likely to remained contained within its target.

  • SYDNEY, Oct 2- Australia's central bank cut its main cash rate by a quarter point to 3.25 percent on Tuesday, saying the growth outlook for next year looked a little weaker, while inflation was likely to remained contained within its target. The Reserve Bank of Australia announced the decision after its monthly policy meeting.

  • *Spain seen requesting bailout, but uncertainty weighs. NEW YORK, Oct 2- The euro continued to strengthen against the dollar on Tuesday on expectations that a request by Spain for a bailout is imminent, but major stock markets fell on uncertainty of when Madrid will make its request and growing uneasiness over third-quarter earnings.

  • LONDON, Oct 2- Glencore has formally notified the European Commission of its $33 billion plan to take over Xstrata, sources familiar with the matter told Reuters on Tuesday, setting the European regulatory clock ticking on the deal.

  • SYDNEY, Oct 2- Australia's central bank cut its main cash rate by a quarter point to 3.25 percent on Tuesday, saying the growth outlook for next year looked a little weaker, while inflation was likely to remained contained within its target.

  • SYDNEY, Oct 2- Australia's central bank cuts interest rates by a quarter point to a three-year trough of 3.25 percent on Tuesday, saying a darker global background, falling export prices and a high currency had all dimmed the economic outlook at home.

  • SINGAPORE, Oct 2- Spot iron ore prices steadied on Tuesday amid a dearth of bids and offers in both physical and forward swaps markets, silenced by a week-long public holiday in top iron ore importer China.

  • Benchmark oil rose 13 cents Tuesday to $92.61 per barrel in New York. Brent crude, which is used to price international varieties of oil, fell 29 cents to $111.90 per barrel in London. At the pump, the national average for gasoline was unchanged at $3.78 per gallon, according to AAA, Wright Express and the Oil Price Information Service.

  • MILAN, Oct 2- An investment fund controlled by China's Suntech Power Holdings said on Tuesday it would strengthen its position in Italy, denying it was involved in a fraud allegedly committed by one of the fund's shareholders.

  • By Luke Pachymuthu and Manolo Serapio Jr. SINGAPORE, Oct 2- Brent crude futures steadied near $112 a barrel on Tuesday as investors weighed a weaker demand outlook amid a sluggish global economy against the continuing potential for supply risks.

  • SYDNEY, Oct 2- Following is the text of the Reserve Bank of Australia's statement on Tuesday after its monthly monetary policy meeting. Economic activity in Europe is contracting, while growth in the United States remains modest. Around Asia generally, growth is being dampened by the more moderate Chinese expansion and the weakness in Europe.