New York Senator Charles Schumer sent a letter to the FCC and the Treasury requesting more scrutiny of the recent Sprint deal with Japan's SoftBank. Derek Scissors, Heritage Foundation, weighs in.» Read More
HONG KONG, Oct 3- Asian bond spreads tightened further on Wednesday as signs of a slowdown in Australia and China were taken by investors as a prelude to more stimulus, stoking bids for riskier, higher yielding assets.
*Germany needs to put up with higher inflation. BUDAPEST, Oct 3- The world economy will take at least 10 years to emerge from the financial crisis that began in 2008, the International Monetary Fund's Chief Economist Olivier Blanchard said in an interview published on Wednesday.
*FTSE 100 index falls 0.1 percent. LONDON, Oct 3- Britain's top share index edged lower on Wednesday, with weaker oil prices putting pressure on energy stocks, while retailers such as Tesco. At 0854 GMT, the FTSE 100 index.
The U.S. Labor Department will release employment data for September on Friday. Britain's FTSE 100 fell 0.1 percent to 5,801.45. Germany's DAX was less than 0.1 percent lower at 7,300.12 and France's CAC-40 lost 0.3 percent to 3,404.64.
PARIS, Oct 3- European stocks dipped early on Wednesday, adding to the previous session's losses, as uncertainty surrounding a potential bailout for debt-stricken Spain and further signs of a slowdown in China rattled investors. At 0840 GMT, the FTSEurofirst 300.
Oct 03- As tensions simmer between Japan and China amid a territorial dispute over a group of uninhabited islands, Japanese companies--which have been battling a strong yen and the global economic slowdown--now find themselves facing another problem, Standard& Poor's Ratings Services said in a report published today.
*China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices fell on Wednesday, as weak data from Europe and China dimmed the outlook for demand, while Europe's festering debt crisis added to the gloom. Brent November crude futures had fallen 90 cents to $110.67 a barrel by 0830 GMT.
TOKYO, Oct 3- Japan's newly appointed Finance Minister Koriki Jojima said on Wednesday he is ready to take firm steps against currencies at any time as an excessively strong yen can be a burden on corporate and household activity.
MUMBAI, Oct 3- Maruti Suzuki, India's largest carmaker, has increased its vehicle prices by 2,400 rupees to 5,200 rupees across its entire range, a source at the carmaker said, due to a strong yen and rising input costs.
NARITA, Japan-- Japan has a reputation for loving expensive things like overpriced real estate, gourmet melons and luxury brands. Ticket prices are plunging by about half, to 16,000 yen trips to the southwestern resort island of Okinawa or a 5,000 yen hop to Seoul.
LONDON, Oct 3- U.S. stock index futures pointed to a slightly lower open on Wall Street on Wednesday, with futures for the S&P 500 and the Dow Jones down 0.2 percent, while contracts on the Nasdaq 100 were down 0.1 percent at 0751 GMT.
TOKYO, Oct 3- Japan's Cosmo Oil Co hopes to restart one of the two crude distillation units at its 220,000 barrels per day Chiba refinery in December at the earliest if it receives approval from local authorities, industry sources familiar with the matter said.
*Brent crude slips under $111 a barrel* Euro trades under $1.29, little changed from U.S. levels. LONDON, Oct 3- European shares and oil fell on Wednesday after weak data from China and Australia deepened concerns about the global economy, while the euro held steady as traders waited for Spain's next move in solving its debt problems.
TOKYO, Oct 3- Benchmark Japanese government bonds were supported on Wednesday, with the 10- year yield revisiting an eight-week low, as weak Chinese data and uncertainty of the timing of Spain's bailout request sapped investor appetite for riskier assets. Spain's Prime Minister Mariano Rajoy said on Tuesday a request for European aid was not imminent.
Demand for office space in Singapore in the third quarter of 2012 was supported by companies beyond the financial services sector, with most taking up Grade A office space below 20,000 square feet, said property consultant Colliers International.
MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and a weaker local dollar, enhancing export prospects. He noted markets were cautious after Spain said a request for European aid was not imminent.
TOKYO-- Japan is hoping the recent flare-up in friction with China will not damage the two Asian economic powers' cooperation in international finance, a finance ministry official said Wednesday.
TOKYO, Oct 3- Failed chipmaker Elpida Memory Inc. A committee set up by the court to examine plans involving a takeover by U.S. rival Micron Technology Inc and rival one from a group of Elpida bondholders is now expected to make a recommendation by Oct. 29, one month later than earlier estimated, Elpida said in a statement posted on its website on Friday.
TOKYO, Oct 3- Japan Petroleum Exploration. The country's oil and gas needs have spiked after most of Japan's nuclear power stations were shut down due to the Fukushima nuclear disaster, forcing Tokyo to spend millions of dollars more on fuel for electricity generation.
MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and the local dollar weakened, enhancing export prospects.