Asia Top News and Analysis China

  • 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.

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    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.

  • JOHANNESBURG, Oct 1- South Africa's seasonally adjusted Purchasing Managers' Index fell into contractionary territory in September, a survey showed on Monday, hitting its lowest level in 14 months and pointing to weak manufacturing production in the third quarter.

  • COPENHAGEN, Oct 1- Danish freight forwarder DSV. has agreed to buy Dubai- based Swift Freight, it said on Monday, with the aim of expanding in the Middle East and Africa.

  • 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.

  • LONDON, Oct 1- British blue chip shares rebounded early on Monday, with miner Xstrata. Shares in Xstrata gained 1.5 percent, having traded 22 percent of their full-day volume average by 0748 GMT, as the company's board backed Glencore's bid after wrestling for three weeks to reconcile opposing demands from shareholders over the deal terms.

  • 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.

  • *Weak economic data and Spain worries pressure euro. Investors also remain wary about the outlook for Spain, which is expected to need a full international bailout at it struggles to raise funds for deficit-laden regional governments while recapitalising its struggling banks.

  • TOKYO, Oct 1- Japanese Prime Minister Yoshihiko Noda appointed as finance minister on Monday a veteran lawmaker expected to follow his line on budget reform and currency intervention in a new cabinet unveiled ahead of an election due in months.

  • TOKYO-- Japan's largest steelmaker, Nippon Steel Corp., has joined with Sumitomo Metal Corp. to form the world's second-biggest steel maker.

  • *Nippon Yusen, Daido Steel cut earnings guidance. *China official PMI, Japanese manufacturing sentiment weak. TOKYO, Oct 1- The Nikkei share average fell to its lowest close in three weeks on Monday, hurt by downbeat economic data from Japan and China as well as a smattering of profit warnings from local companies like shipper Nippon Yusen KK.

  • Shares in French telecom equipment gear maker Alcatel drop 2.5 percent, the biggest loser on France's blue-chip CAC 40 index, after UBS downgrades the stock to' Sell' from' Neutral'. "Our recent conversations suggest Alcatel is likely to once again sell assets to pay back bond holders to the detriment of equity holders," they add.

  • LONDON, Oct 1- Britain's blue-chip index was fractionally higher early on Monday, led by miner Xstrata. after it gave its long-awaited blessing to trader Glencore's bid. Shares in Xstrata gained 1.6 percent as its board backed Glencore's bid after wrestling for three weeks to reconcile opposing demands from shareholders over the deal terms.

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    Investors hoping for more stimulus measures from China to boost its slowing economy may have to wait a little longer. Analysts say Beijing is unlikely to take any action until after the Communist party holds its congress on November 8, an event that is particularly significant this year because it will mark a once-in-a-decade leadership change.