Asia Top News and Analysis China

  • Sept 4- Following are details of the JPMorgan Global Purchasing Managers' Index for September. PMI Output Orders Jobs Deliv Stocks Inp New Prcs export Aug 48.1 47.4 46.7 49.5 50.6 48.9 49.5 46.5 Sept 48.9 48.1 48.1 50.7 50.0 48.3 52.7 47.1.

  • HONG KONG, Oct 1- A ferry carrying more than 120 passengers sank south of Hong Kong late on Monday after a collision with a tug boat, a government spokeswoman said. The accident occurred over a long holiday weekend in Hong Kong, which is celebrating the mid-autumn festival as well as China's National Day on Oct. 1.

  • LONDON-- Global markets rose Monday as investors cautiously welcomed the result of stress tests of Spain's banks and upbeat U.S. economic data and looked past the threat that Moody's might downgrade the country's debt rating to junk status.

  • Oct 1- New Oriental Education& Technology Group Inc said its investigation did not find any "significant" evidence to support certain allegations raised by short-seller Muddy Waters.

  • *Manufacturing in euro zone and Asia wilts in Sept. By Steven C. Johnson and Andy Bruce. NEW YORK/ LONDON, Oct 1- U.S. manufacturing grew slightly last month for the first time since May but euro zone factories suffered their worst quarter since early 2009, suggesting the region may struggle to avoid recession.

  • The Dow Jones industrial average rose 118 points to 13,554 as of 1 p.m. Eastern. Stocks had already been up in morning trading, but the gains accelerated after the report was released by the Institute for Supply Management, a trade group of purchasing managers. All 10 industry groups in the S&P 500 rose.

  • NEW YORK, Oct 1- The U.S. manufacturing sector expanded in September for the first time since May as new orders and employment picked up, an industry report showed on Monday. The Institute for Supply Management said its index of national factory activity rose to 51.5 from 49.6 in August, topping expectations in a Reuters poll for 49.7.

  • *U.S. manufacturing sector expands in September* China's factory activity shrinks for 2nd month in Sept* Japan's business sentiment worsens* Euro zone manufacturing points to a new recession By Dmitry Zhdannikov.

  • WASHINGTON-- The White House is acknowledging an attempt to infiltrate its computer system, but says it thwarted the effort and that no classified networks were threatened. White House spokesman Jay Carney told reporters the White House is equipped with mitigation measures that identified the attack, isolated it and prevented its spread.

  • *Euro zone slipping into recession, China still slowing. The weak U.S. data followed surveys in the euro zone that showed manufacturing slackened in the three months to September while Asia's factories are continuing to struggle in the face of tepid demand from the United States and Europe.

  • WASHINGTON-- U.S. manufacturing grew for the first time in four months, buoyed by a jump in new orders and more jobs. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its index of factory activity rose to 51.5.

  • TOKYO-- Japanese Prime Minister Yoshihiko Noda reshuffled his Cabinet for the third time this year Monday in hopes of boosting flagging public support for his government amid speculation that elections will be called in coming months.

  • TOKYO-- The fast aging of Japanese society is evident as soon as one lands at Tokyo's Narita airport and sees who is doing the cleaning. Having the world's highest percentage of older people is creating unique challenges for Japan, but a report released Monday by the U.N. Population Fund warns that they will not be unique for long.

  • TORONTO, Oct 1- The pace of growth in Canadian manufacturing fell for a third straight month in September, hitting a six-month low, in the latest sign Canada is suffering from the slowing economic momentum seen worldwide, according to data released on Monday.

  • Oct 1- The premier of the oil-rich province of Alberta sees benefits in the proposed sale of Nexen Inc to a Chinese state-owned company, a local newspaper reported on Monday.

  • BEIJING-- A bus carrying many German tourists hit the back of a truck and burst into flames Monday on an expressway in northern China, killing five Germans and a Chinese citizen, state media reported. The accident happened near Tianjin on an expressway that links that port city with the capital Beijing, the official Xinhua News Agency reported.

  • *Euro zone slipping into recession, China still slowing. NEW YORK, Oct 1- Wall Street was set to start the last quarter on a higher note on Monday even as data continued to point to a slowdown in global manufacturing. The rise in futures points to a rebound from the S&P 500 index's biggest weekly drop since June.

  • *Acteon valued at 800- 900 mln stg- sources. LONDON, Oct 1- Private equity group First Reserve has sold UK offshore oil and gas services group Acteon to rival KKR, one of two European deals on Monday to fan hopes that private equity firms can still make profitable sales.

  • Electricity for Tuesday delivery rose around 1.75 euros to 49.75 euros per megawatt hour in the over-the-counter market, trading about in line with neighbouring Germany.

  • MILAN, Oct 1- Who knows what Cosimo Ruggieri would have thought about ending up in a gelato museum? Alchemist at the court of the Medici, Ruggieri, the story goes, created the ice-cream that Catherine De Medici took to Paris in the 1530 s to wow the French.