| * China to invest in Manchester project * Obama cancels Asia trip as shutdown bites * Samsung eyes record operating profit * HTC posts deep loss, first in a decade * Moody's cuts Petrobas' debt ratings * Moody's warns on Brazil * Global economy in 'epic scale' change, says IMF's Lagarde * Argentine reserves hit 6-year low * Mrs Watanabe piles into the peso * Essar to exit Kenyan refinery venture * Singapore targets golden trading future * Rise of China's consumers boosts tourism * Markets: down China to invest in £650m Manchester project
China's biggest bank will invest in a new £650m business district at Manchester airport in a deal the government believes will mark a fresh wave of investment by Beijing in UK infrastructure.
http://www.ft.com/cms/s/0/6320bf56-2b60-11e3-bfe2-00144feab7de.html Obama cancels Asia trip as shutdown bites
President Barack Obama's trip to Asia has become the latest casualty of the US government shutdown.
http://www.ft.com/cms/s/0/70b2ab3a-2ca4-11e3-8b20-00144feab7de.html Samsung eyes record operating profit
Samsung Electronics has estimated a record operating profit of about Won10.1tn ($9.4bn) in the third quarter, slightly exceeding market expectations and helping to address investor worries that have weighed on its share price in recent months.
http://www.ft.com/intl/cms/s/0/327ed952-2c8a-11e3-acf4-00144feab7de.html HTC posts deep loss, first in a decade
It's becoming clearer why HTC last week sold back its 25 per cent stake in Beats Electronics: the Taiwanese smartphone maker just posted its first-quarterly loss in a decade.
http://www.ft.com/fastft?post=48042 Moody's cuts Petrobas' debt ratings
Moody's has downgraded the rating of Petrobras, in a blow to the Brazilian state-owned oil company that is in the middle of executing the world's largest corporate capital expenditure programme.
http://www.ft.com/intl/cms/s/0/9adabeb2-2c94-11e3-8b20-00144feab7de.html Moody's warns on Brazil
Moody's has cut its outlook on Brazil's rating from positive to stable. Although it's not a downgrade, it is a blow. For years Brazil's upward growth – and improving credit rating – have been taken for granted. That's no longer so.
http://blogs.ft.com/beyond-brics/2013/10/03/moodys-warns-on-brazil/ Global economy in 'epic scale' change, says IMF's Lagarde
The global economy is experiencing "transitions on an epic scale", the International Monetary Fund managing director said on Thursday, warning that turbulence in emerging markets could knock 0.5 to 1 percentage point off their growth.
http://www.ft.com/intl/cms/s/0/10477840-2c34-11e3-acf4-00144feab7de.html Argentine reserves hit 6-year low
Argentina's foreign exchange reserves have fallen by some $15bn over the last two year, recently falling below the $35bn mark. They are now at their lowest level in more than six years.
http://blogs.ft.com/beyond-brics/2013/10/03/argentina-reserves-falling-and-falling/ Mrs Watanabe piles into the peso
After an intense but torrid affair with the Brazilian real, a fling with the Australian dollar and the Turkish lira, Japan's legion of retail investors – dubbed "Mrs Watanabe" because women mostly manage the household savings in Japan – are now piling into the Mexican peso. According to Nomura, sales of peso-denominated "uridashi", which are bonds in foreign currencies sold to Japanese retail investors, are at an all time high.
http://blogs.ft.com/beyond-brics/2013/10/03/mrs-watanabe-catches-peso-fever/ Essar to exit Kenyan refinery venture
Energy group said it would exit venture after studies examining a potential upgrade to the facility, which would involve investment of about $1bn
http://on.ft.com/1g94cFL Singapore targets golden trading future
The Asian city-state has bolstered its efforts to become a trading hub for gold, and hopes to capture 10-15% of the world's bullion trade
http://on.ft.com/1fL8Rji Rise of China's consumers boosts tourism
From China's national parks to Beijing's Forbidden City record numbers of tourists are taking advantage of National Day holiday week – but not everybody is happy
http://on.ft.com/1fL8THZ Emerging Markets
MSCI Emerging Market Index up +0.03% at 1,006 Americas
DJIA down -0.90% at 14,996
S&P 500 down -0.90% at 1,679
Bovespa down -1.15% at 52,490 Asia
Nikkei 225 down -0.57% at 14,077
Topix down -0.62% at 1,167
Hang Seng down -0.49% at 23,100
Shanghai Composite up +0.68% at 2,175
MSCI Asia ex-Japan down -0.13% at 544.08
CNX Nifty up +0.34% at 5,930 Currencies
€/$ 1.36 (1.36)
$/¥ 97.25 (97.24) Commodities
Brent Crude (ICE) down -0.12 at 108.88
Light Crude (Nymex) down -0.17 at 103.14
100 Oz Gold (Comex) up +0.70 at 1,318 | 
