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
NEW YORK, Oct 1- U.S. stock index futures rose on Monday at the start of a new quarter before data that could show manufacturing's contraction was slowing. *The final Markit Manufacturing PMI for September is due at 8:58 a.m., and the Institute for Supply Management's September manufacturing index is expected at 10 a.m..
*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.
KARLSRUHE, Germany, Oct 1- Germany's third-largest utility EnBW could end up selling more than a planned 1.5 billion euros in assets, the group's new chief executive said on Monday. High debt and the need for investment in new areas such as renewable energy have forced Germany's three top utilities to launch large asset sales worth a combined 23.5 billion euros.
LOS ANGELES, Oct 1- Lawyers for dissident Wynn Resorts shareholder Kazuo Okada's will urge a Nevada court on Tuesday to overturn the casino company's forced redemption of the Japanese billionaire's $2.7 billion stake, a ruling which would allow him to vote at its Nov. 2 shareholder meeting to unseat two board members.
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.
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.
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.
SINGAPORE, Oct 1- The Asian naphtha price was at a two-session low of $973 a tonne on Monday but margins were up for the fourth session to reach a three-week high of $134.43 a tonne as strong gasoline demand in the West continued to support the market. The strong gasoline demand in the U.S. and West Africa have likely caused Europe to cut back on its naphtha exports.
TOKYO, Oct 1- Japan's public pension fund, the world's biggest, has selected 15 external money managers to oversee Japanese bond investments in its portfolio, the public fund said on Monday, in a move aimed at boosting returns to cope with a rapidly ageing population.
*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.
CAIRO, Oct 1- The IMF has delayed sending a team to Cairo to negotiate a $4.8 billion loan while the Egyptian government works to complete its economic reform programme, a newspaper quoted the country's Finance Minister as saying. Egypt was due to receive a team from the International Monetary Fund at the end of September to discuss the terms of the loan.
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.
*Softbank says eAccess deal will take it past KDDI by subscribers. TOKYO, Oct 1- Softbank Corp will acquire smaller rival eAccess Ltd in a $1.84 billion deal as Japan's No.3 mobile carrier steps up its battle for market share with its nearest competitor KDDI Corp.
Athens needs the lenders to approve a proposed package of spending cuts and tax hikes to receive the next installment of emergency loans intended to keep Greece from defaulting on its massive debts. Britain's FTSE 100 rose 1 percent to 5,801.13. In Asia, markets in China, Hong Kong and South Korea were closed for public holidays.
*FTSEurofirst 300 index rises 0.9 percent. LONDON, Oct 1- European shares rose on Monday, bouncing off three-week lows and a major technical support at the start of the new quarter as investors took advantage of price dips to increase their exposure to sectors such as banks and chemicals. At 0848 GMT, the FTSEurofirst 300 index.
The market never really opened, "said a trader in Singapore. The Asia iTraxx ex-Japan IG index 18 did widen slightly in the morning as the few stock markets that were open dropped in the wake of negative economic headlines from China and Japan.
LONDON, Oct 1- British blue chip shares rebounded early on Monday, with miner Xstrata. Shares in Xstrata gained 1.5 percent, having traded 22 percent of their full-day volume average by 0748 GMT, as the company's board backed Glencore's bid after wrestling for three weeks to reconcile opposing demands from shareholders over the deal terms.
TOKYO, Oct 1- Softbank Corp, Japan's No.3 mobile carrier, said on Monday it will to buy smaller operator eAccess Ltd through a share swap, aiming to complete the transaction in February.