| * IMF sees epic change in world economy * 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 * Gazprom warned of antitrust charges * 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 IMF sees epic change in world economy
The International Monetary Fund chief has warned that turbulence in emerging markets could knock up to 1 percentage point off their GDP
http://on.ft.com/1g94a0z 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/ Gazprom warned of antitrust charges
EU commissioner concerned that customers in central and eastern Europe may have been overcharged with prices out of kilter with competitive benchmarks
http://on.ft.com/1g94a0B 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 $1bn
http://on.ft.com/1g94cFL Singapore targets golden trading future
The Asian city-state has bolstered its efforts to become a trading hub for gold, and hopes to capture 10-15% of the world's bullion trade
http://on.ft.com/1fL8Rji Rise of China's consumers boosts tourism
From China's national parks to Beijing's Forbidden City record numbers of tourists are taking advantage of National Day holiday week – but not everybody is happy
http://on.ft.com/1fL8THZ Emerging Markets
MSCI Emerging Market Index up +0.07% at 1,006 Europe
FTSE down +0.11% at 6,456
RTS up +0.14% at 1,430
Warsaw Wig down -0.54% at 50,705
FTSE 300 Eurotop down -0.01% at 1,242 Americas
DJIA down -0.90% at 14,996
S&P 500 down -0.90% at 1,679
Bovespa down -1.15% at 52,490 Asia
Nikkei 225 down -0.94% at 14,024
Topix down -0.87% at 1,164
Hang Seng down -0.33% at 23,139
Shanghai Composite up +0.68% at 2,175
MSCI Asia ex-Japan down -0.07% at 466.90
CNX Nifty down -0.04% at 5,907 Currencies
€/$ 1.36 (1.36)
$/¥ 97.10 (97.24) Commodities
Brent Crude (ICE) up +0.18 at 109.18
Light Crude (Nymex) up +0.30 at 103.61
100 Oz Gold (Comex) down -1.50 at 1,316 | 
