Asia Top News and Analysis China

  • NEW YORK-- U.S. stock market futures rose Monday, following European markets higher, as investors cautiously welcomed the result of stress tests of Spain's banks and a slight improvement in a survey of the eurozone's manufacturing sector.

  • *Xstrata rises after board back Glencore offer. LONDON, Oct 1- Britain's FTSE 100 share index rebounded from three-week lows on Monday, with miners bolstered by Xstrata's backing of a takeover bid from Glencore, potentially opening the door for more deals in the sector.

  • While Norwegian gas exports to continental Europe are supplied under long-term contracts that are linked to the oil price, Britain receives most of its Norwegian gas under hub market terms that are priced off Britain's National Balancing Point and have lesser binding supply obligations.

  • Oct 1- Magna International Inc, one of the world's biggest auto parts manufacturers, said it will buy Germany- based ixetic Verwaltungs GmbH for about 308 million euros to expand its engine and transmission pumps business. The company has two manufacturing facilities in Germany, and one each in Bulgaria and China.

  • LONDON, Oct 1- Brent crude fell below $112 per barrel on Monday, reflecting investor concerns that a shaky global economy may hurt oil demand following fresh signs of weakness in China and Japan and evidence of a new recession in the debt-saddled euro zone.

  • SINGAPORE, Oct 1- Fuel oil arbitrage arrivals into Asia were expected to further depress the fuel oil market, as demand from China's small and medium sized refiners remained thin. As China's economy slows, demand for refined products has decreased due to slowing industrial demand for power generation fuels.

  • LONDON-- European stocks edged higher on Monday as investors cautiously welcomed the result of stress tests of Spain's banks. But the threat that Moody's might downgrade the country's debt rating to junk status limited gains. Britain's FTSE 100 rose 1 percent to 5,800.63 while Spain's Ibex was up 0.6 percent at 7,752.10.

  • BANGKOK, Oct 1- Southeast Asian stock markets ended mostly lower on Monday, tracking weak global equities and after a lacklustre session amid market holidays in Asia, but foreign buying pushed Malaysian shares to their highest in almost two weeks. Banking stocks gained due to optimism about third-quarter earnings, with Kasikornbank.

  • Oct 1- China's Huishan Dairy, a Shenyang- based maker of dairy products, has invited banks to pitch for its proposed Hong Kong initial public offering next year that could raise at least $600 million, IFR reported on Monday. Banks are required to submit their proposals after the holidays in China.

  • WASHINGTON-- U.S. manufacturing likely shrank in September for the fourth straight month, a troubling sign that growth will stay weak. Economists surveyed by FactSet forecast that the Institute for Supply Management's manufacturing index was unchanged at 49.6. Europe's financial crisis has plunged much of that region into recession.

  • Oct 1- Magna International Inc, one of the world's biggest auto parts manufacturers, said it will buy ixetic Verwaltungs GmbH for about 308 million euros.

  • *Weak economic data and worries about Spain pressure euro. *Brent Crude slips below $112 a barrel on growth fears. LONDON, Oct 1- Investors set aside worries over the growth outlook and Spain's debt problems on Monday, taking fresh positions in European equities at the start of the new quarter and selling safe-haven German bonds.

  • TOKYO-- Major Japanese manufacturers are increasingly gloomy due to weakening growth at home and overseas, a quarterly survey by Japan's central bank showed Monday. Sinking exports due to feeble demand in crisis-stricken Europe and anti-Japanese protests in China have reinforced the gloom among leading companies.

  • LONDON, Oct 1- Robust manufacturing data from Russia pushed its stock market 1 percent higher on Monday, bucking the generally weaker trend in emerging equity markets while central European currencies firmed modestly as the euro recovered from lows.

  • Indonesia-shoe-factory_200.jpg

    An economic recovery in Asia will likely be delayed until 2013, the latest batch of manufacturing surveys around the region suggest, with economists warning that any rebound remains dependent on Asia’s growth engine, China, picking up momentum.

  • By Rieka Rahadiana and Neil Chatterjee. JAKARTA, Oct 1- Indonesian exports and imports fell the most in three years in August, suggesting weakening third quarter growth for Southeast Asia's biggest economy that is likely to lead the central bank to keep benchmark interest rates at a record low all year.

  • Athens needs the lenders to approve a proposed package of spending cuts and tax hikes to receive the next installment of emergency loans intended to keep Greece from defaulting on its massive debts. Britain's FTSE 100 rose 1 percent to 5,801.13. In Asia, markets in China, Hong Kong and South Korea were closed for public holidays.

  • *FTSEurofirst 300 index rises 0.9 percent. LONDON, Oct 1- European shares rose on Monday, bouncing off three-week lows and a major technical support at the start of the new quarter as investors took advantage of price dips to increase their exposure to sectors such as banks and chemicals. At 0848 GMT, the FTSEurofirst 300 index.

  • The market never really opened, "said a trader in Singapore. The Asia iTraxx ex-Japan IG index 18 did widen slightly in the morning as the few stock markets that were open dropped in the wake of negative economic headlines from China and Japan.

  • 0848 GMT 01 Oct12- Coal of Africa jumps on offer from China group. Johannesburg- listed shares of Coal of Africa jump 16 percent after a unit of Beijing Haohua Energy Resource Co Ltd offers to inject $100 million into the junior coal producer to help expedite the development of some of its projects.