Asia Top News and Analysis China

  • *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.

  • 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.

  • DETROIT-- Auto parts maker Visteon Corp. has named former Dura Automotive CEO Timothy Leuliette as its new chief executive. Leuliette, 62, had been Visteon's interim CEO and chairman since Aug. 10, when Don Stebbins stepped down from the posts.

  • The rise in futures points to a rebound from the S&P 500 index's biggest weekly drop since June.

  • *Brent Crude slips below $112 a barrel on growth fears. LONDON, Oct 1- Investors set aside worries over the growth outlook on Monday to take fresh positions in European stocks at the start of the new quarter, reassured by a report on Spanish banks that showed the sector's problems were no worse than feared.

  • Oct 1- Canada's main stock index looked set to open higher on Monday at the start of the quarter, with investors hoping for aggressive action from central banks after economic data from Asia and Europe showed further signs of slowing global growth.

  • LONDON, Oct 1- European shares rebounded from three-week lows on Monday in a technical rally, with price dips and the unsurprising results of a Spanish bank stress test luring investors into the market, but analysts said the bounce was unsustainable. fiscal cliff "of scheduled tax hikes and government spending cuts as well as the situation in Spain.

  • Oct 1- China Recycling Energy Corp:.

  • *India may amend controversial tax rules. MUMBAI, Oct 1- Indian shares rose on Monday to their highest close since July 2011 as construction and other infrastructure-related stocks such as IVRCL rose on expectations the government would continue to promote projects in the sector.

  • *Manufacturing in euro zone and Asia wilts in Sept. LONDON/ BEIJING, Oct 1- Factory output in Europe and Asia wilted again in September, flagging a return to recession for the euro zone and a seventh straight quarter of slowing growth in China, business surveys showed on Monday.