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  • NEW YORK-- New York City's 2013 mayoral race doesn't fully kick off until after voters are done picking a president.

  • TOKYO, Oct 1- Japanese Prime Minister Yoshihiko Noda appointed as finance minister on Monday a veteran lawmaker expected to follow his line on budget reform and currency intervention in a new cabinet unveiled ahead of an election due in months.

  • *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.

  • 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.

  • TAIPEI, Oct 1- The table below shows the daily net trading in Taiwan stocks by three major categories of institutional investors, in millions of Taiwan dollars. A negative figure indicates net selling.

  • 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.

  • TOKYO, Oct 1- Japanese Prime Minister Yoshihiko Noda appointed as finance minister on Monday a veteran lawmaker expected to follow his line on budget reform and currency intervention in a new cabinet unveiled ahead of an election due in months.

  • 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.

  • 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.

  • *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.

  • 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.

  • SINGAPORE, Oct 1- China Aviation Oil is seeking more jet fuel for November, after having already bought nearly 2.7 million barrels for October and November, as the supply of Asian jet fuel is expected to tighten during the year-end holidays, industry sources said on Monday.

  • TOKYO Oct. 1, 2012-- Standard& Poor's Ratings Services said today that the factors it will review in resolving the CreditWatch placement of the ratings on Sharp Corp. remain unchanged following the company's announcement on Sept. 28 that it has signed a JPY360 billion syndicated loan agreement with Mizuho Corporate Bank Ltd. and Bank of Tokyo-Mitsubishi UFJ Ltd..

  • SINGAPORE, Oct 1- India's Reliance Industries has sold 50,000-55,000 tonnes of October naphtha at premiums slightly above $35 a tonne to Middle East quotes on a free-on-board basis, reflecting a firm market, traders said on Monday.

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    Government bailouts of big banks are here to stay and are bad for economies because they channel capital to uncompetitive industries and sustain high levels of debt, according to economist Garett Jones.

  • china_flag_2.jpg

    China is finding that it may not need to threaten or invade this diplomatically isolated island, which it considers a rogue province. It’s doing just fine buying influence from the inside out, the Global Post reports.

  • An investor watches the electronic board at the stock exchange in Shanghai, China.

    Samsung Electronics, COSCO Pacific, Ayala Land and Cathay Pacific are some stocks that will fare well even as market volatility and economic uncertainty continue into the second half of the year, according to a report by HSBC Global Research.