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  • NEW DELHI, Oct 1- India's insurance regulator will consider relaxing norms for insurance companies investing in debt instruments, to encourage investments in securities other than those that are AAA-rated, Finance Minister P. Chidambaram said on Monday.

  • NEW DELHI, Oct 1- India will set final rules on tax anti-avoidance within 20 days after considering recommendations made by a government panel, Finance Minister P. Chidambaram said on Monday.

  • NEW DELHI, Oct 1- India will allow insurance companies to invest in infrastructure projects, Finance Minister P. Chidambaram said on Monday, in a move that may help meet huge funding requirements as Asia's third largest economy seeks to build roads and improve the power sector.

  • India's benchmark 10- year bond yield. India's benchmark 5- year OIS down 1 bp at 7.04 percent, while the 1- year rate also falls 1 bp to 7.62 percent. India's one-day cash rate at 8.05/ 8.10 percent versus its previous close of 7.95/ 8.00 percent.

  • *India's Canara Bank Ltd says Sunder Rajan Raman, Chairman and MD retired on September 30.

  • Oct 1- Steel Strips Wheels Ltd:. *SSWL sales up by 24% in September, 2012. *India's Steel Strips Wheels Ltd says sold 0.925 million Steel rims.

  • Nippon Steel, Sumitomo Metal join to become No. 2 Monday, 1 Oct 2012 | 3:23 AM ET

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

  • Australia shares flat, Chinese PMI cuts gains Monday, 1 Oct 2012 | 3:02 AM ET

    SYDNEY, Oct 1- Australian shares ended flat on Monday, giving up early gains after data showing China's manufacturing sector remained in contraction in September fuelled investor worries about weak global growth. Mining and steel maker Arrium.

  • *Deutsche Bank upgrades India's Financial Technologies. *Deutsche cites increased revenue from software maintenance solutions, as well as transaction volumes in exchanges MCX and MCX-SX, in which Financial Tech owns stakes. *Financial Tech also holds a 33 percent stake in India's largest energy exchange.

  • MUMBAI, Oct 1- State-owned refiner Indian Oil Corp plans to meet investors in Singapore on Wednesday for a possible benchmark Singapore dollar bond sale, a source with direct knowledge of the deal said. The firm has picked Standard Chartered and DBS for the offshore bond sale, said the source.

  • Australia shares finish flat as China PMI weighs Monday, 1 Oct 2012 | 2:19 AM ET

    SYDNEY, Oct 1- Australian shares finished flat on Monday, after data showing that while China's manufacturing sector had improved somewhat in September, it remained in contraction, heightening investors' worries about weak global economic growth.

  • New Delhi, Oct 1- India's Kingfisher Airlines Ltd. "A section of employees of Kingfisher Airlines has not been reporting for work over the last fortnight and over the past two days, they have been threatening and even manhandling the other employees who are reporting for work," Kingfisher spokesman Prakash Mirpuri said in a statement.

  • NEW DELHI, Oct 1- India's civil aviation regulator is "examining" the situation at Kingfisher Airlines. after the ailing carrier was forced to cancel several flights on Monday due to employee unrest, an official at the regulator told Reuters.

  • The Reserve Bank of India said on Monday it accepted all 27 bids for 689.60 billion rupees at its two-day repo auction, through which it injects liquidity into the banking system. DATE APPLICATIONS APPLICATIONS FIXED RATE RECEIVED ACCEPTED.

  • India's August exports down 9.7 pct y/y - govt Monday, 1 Oct 2012 | 2:01 AM ET

    NEW DELHI, Oct 1- India's annual exports fell 9.7 percent to $22.3 billion in August, while imports fell about 5.1 percent to $38 billion, leaving a trade deficit of $15.6 billion, government data showed on Monday.

  • *Japan business mood darkens as slowdown bites* South Korea Sept exports fall on weak global demand* European PMIs expected to confirm recession By Lucy Hornby and Leika Kihara.

  • India's benchmark 10- year bond yield. India's benchmark 5- year OIS down 3 basis points at 7.02 percent, while the 1- year rate falls 4 bps to 7.59 percent. India's one-day cash rate at 8.00/ 8.05 percent versus its previous close of 7.95/ 8.00 percent.

  • The prompt October/November spread climbed $1.25 to a backwardation of $10.25 a tonne, the highest in more than two weeks, according to Reuters data. Strong gasoline demand in the United States will see more naphtha being reformed into the transport fuel, instead of being sent to Asia.

  • Taiwan stocks fall; glass, steel firms weigh Monday, 1 Oct 2012 | 1:41 AM ET

    TAIPEI, Oct 1- Taiwan stocks fell 0.5 percent in quiet trading on Monday, pressured by glass. The Taiwan dollar rose slightly to stand at T $29.330. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........

  • *Japan business mood darkens as slowdown bites* South Korea Sept exports fall on weak global demand* European PMIs expected to confirm recession By Lucy Hornby and Leika Kihara.