Asia Top News and Analysis China

  • *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.

  • 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.