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TOP STORIES

Factory surveys show China reviving, global rebound fragile

BEIJING/LONDON - China's economy picked up in November but a broader global recovery remains fragile and patchy, a clutch of factory surveys suggest, with activity elsewhere in Asia remaining subdued amid depressed demand from the developed world. (ECONOMY-GLOBAL/PMI (WRAPUP 2), expect by 0800 GMT/3AM ET, 800 words)

- CHINA-PMI/ (UPDATE 2), moved, by Lucy Hornby, 800 words

- JAPAN-ECONOMY/CAPEX (UPDATE 1), moved, by Kaori Kaneko, 400 words

MARKETS

Asian shares crawl higher after firm China PMI

TOKYO - Asian shares and the euro rise as further signs of a stabilising Chinese economy boost investor risk appetite, but gains are capped by worries that an impasse in U.S. budget talks could tip the world's largest economy into recession. (MARKETS-GLOBAL/ (WRAPUP 3, GRAPHIC), moved, by Chikako Mogi, 800 words)

ECONOMY

Greece set to unveil terms of crucial bond buy-back

ATHENS - Greece will unveil details of a bond buy-back crucial to efforts by foreign lenders to trim the country's ballooning debt, hoping the terms will draw enough investors and unblock vital aid. (GREECE BUYBACK/ (UPDATE 1), expect by 0700 GMT/2AM ET, by Lefteris Papadimas, 600 words)

- ECB-NOYER/ (UPDATE 1), moved, by Leika Kihara, 350 words

Indian reforms face test with parliament vote

NEW DELHI - India's stuttering economic reform programme faces a key parliamentary test this week on whether to let foreign supermarket chains such as Wal-Mart Stores set up shop, in a vote that could pave the way for further measures to revive the economy. (INDIA-REFORMS/, moved, by Matthias Williams, 650 words)

COMPANIES

Delta among suitors for stake in Virgin Atlantic - sources

NEW YORK/SINGAPORE - Singapore Airlines confirms it is in talks to sell its 49 percent stake in British carrier Virgin Atlantic, with sources revealing that Delta Air Lines Inc is among the potential suitors eyeing extra landing rights in London's Heathrow. (DELTA-VIRGIN/ (WRAPUP 2), moved, by Soyoung Kim and Charmian Kok, 700 words)

China's dot-com darlings tap cheap global credit

HONG KONG/SHANGHAI - Chinese search engine company Baidu Inc paid a lower interest rate than Google Inc when it sold $750 million in 10-year bonds last month. China's three dominant dot-com names - Baidu, Alibaba and Tencent Holdings Ltd - have successfully tapped global funding this year, stockpiling a combined $6 billion in debt despite investor scepticism about opaque Chinese companies. (CHINA-INTERNET/DEBT, moved, by Umesh Desai and Pete Sweeney, 900 words)

Indian oil firms focus on production in fight for foreign assets

NEW DELHI - Faced with soaring demand, stagnant output at home and a need to diversify from Iranian crude imports lost to Western sanctions, Indian oil companies are hungry for deals like ONGC's Kashagan buy that promise supplies sooner rather than later. (INDIA-OIL/ASSETS (UPDATE 1), moved, by Jo Winterbottom, 1,100 words)

- AUSTRALIA-WOODSIDE/ (UPDATE 2), moved, 550 words

Steep rents push Singapore bridal shops into industrial parks

SINGAPORE - Far from the madding crowds of Singapore's glitzy shopping malls, Cynthia Neo runs a bridal boutique tucked away in a nondescript industrial building in an old housing estate, pushed off the high street by pricey retail rents. (SINGAPORE-PROPERTY/INDUSTRIAL (PICTURE), moved, by Charmian Kok, 800 words)