Asia shares rally, but on track for worst quarterly loss in four years (Reuters) Global Rally Shows Relief at End of $11 Trillion Stocks Meltdown (BBG) Glencore Extends Rebound as Turmoil Shows Signs of Easing (BBG) Putin wins parliamentary backing for air strikes in Syria (Reuters) China Cuts Minimum Home Down Payment for First-Time Buyers (BBG) German Unemployment Unexpectedly Rises in Sign of Economic Risks (BBG) Japan Industrial Output Slide Hints at Recession (WSJ) Japan Says China Wins Indonesia High-Speed Rail Contract (WSJ) China Aircraft Carrier Launch by End-2015 Plausible, Experts Say (BBG) Ralph Lauren Hands Reins to an Outsider (WSJ) Elon Musk Delivers Tesla's First Model X SUVs in California (BBG) In U.S., Xi Touted China’s Role as Global Player (WSJ) New Batch of Clinton E-Mails Comes Due Amid Pile of Lawsuits (BBG) Starboard Builds 3.7% Stake in Advance Auto Parts (WSJ) Pope secretly met Kentucky clerk over gay marriage licenses (Reuters) Trump's Used Beds, Mirrors and TVs Can All Be Yours (BBG) Alibaba Sees 12 Analysts Cut Forecasts as Slump Hits $75 Billion (BBG) Overnight Media Digest WSJ - International aviation authorities are expected to delay implementation of global tracking of commercial aircraft to 2018 from 2016 amid widespread resistance from the industry and national regulators. (http://on.wsj.com/1YNFIYV) - Japanese industrial output fell unexpectedly for the second straight month in August, raising the possibility that the world's third-largest economy will fall into a recession for the second time in as many years and adding to fears about global growth. (http://on.wsj.com/1Vm7JaE) - Japan said Indonesia has chosen China's bid over its own to build a $5 billion high-speed rail project on the island of Java, ending a drawn-out process that included two unexpected reversals by Jakarta in the past month. (http://on.wsj.com/1O0Q42B) - China has capped the amount of money Chinese holders of bank and credit cards can withdraw outside the country, in its latest effort to discourage people from moving badly needed capital offshore. (http://on.wsj.com/1jwNdmF) - A weeklong visit to America by Chinese President Xi Jinping sought to present China not just as an economic powerhouse, but as a peer and a partner of the U.S. in tackling global issues. He touted business opportunities to top American CEOs in Seattle, then pledged billions of dollars in funding to the United Nations in New York. (http://on.wsj.com/1QKmWMa) - An alleged $258 million embezzlement scandal at a junket business that lends money to high-rollers inside the VIP rooms of Wynn Resorts Ltd's Macau casino is adding to the woes of the world's biggest gambling center. Investors in the junket rushed to pull out money after speculation about the alleged incident spread within casino circles. (http://on.wsj.com/1LiTlvg) - Saudi Arabia and other leading Arab states ruled out any cooperation with an emerging Russian military alliance operating inside Syria and vowed to dial up their support for rebels seeking to overthrow Moscow ally President Bashar al-Assad. (http://on.wsj.com/1JA2pEw) FT Britain's Information Commissioner's Office (ICO) has fined renewable energy company Home Energy and Lifestyle Management 200,000 pounds ($303,080) for violating marketing rules. "This company's ignorance of the law is beyond belief," Steve Eckersley, head of enforcement at the ICO, said. Property deals involving Scottish National party's Michelle Thomson, a central figure in last year's campaign for Scottish independence, are under investigation by police. Transport for London is mulling a crackdown on taxi-hailing apps such as Uber and Hailo, as it tries to regulate the rise in the number of minicabs. One of the several measures planned are the requirement for private vehicles to wait for five minutes before picking up a commuter. McKinsey, in its global banking annual review to be published on Wednesday, predicts that digital startups in the financial sector will erode banks' earnings on some financial products by almost two-thirds by driving prices down. NYT - The International Monetary Fund warned on Tuesday of the large positions that mutual funds in the United States have built in high-yielding bonds issued by risky companies in America and in emerging markets around the world. The warning comes at a time of increased nervousness about China and other emerging markets like Brazil. (http://nyti.ms/1LNZUog) - Drawn by better fuel economy and lower prices, European consumers have long leaned toward diesel, even with the ecological drawbacks. (http://nyti.ms/1VqAWvW) - Just days after China and the United States hailed a high-level agreement limiting cyberattacks, a former commander of one of the Chinese military's top hacking units lashed out at American Internet policy, in a sign of how far apart Beijing and Washington remain on technology issues. (http://nyti.ms/1LjjB8I) - Robert Wolf, the financier who is a confidant of President Obama, is raising his bet on an industry that has already drawn names like Amazon.com and GoPro Inc and top venture capital firms like Accel Partners and Kleiner Perkins Caufield & Byers. Wolf's advisory firm plans to announce on Wednesday that it is spinning off its drone-services arm into a separate company. (http://nyti.ms/1MZDjqp) - Puerto Rican officials seeking a way out of more than $72 billion of debt were told by a Senate panel the numbers they were using to make their case were too sketchy to persuade lawmakers to help. (http://nyti.ms/1KQSRXy) China SHANGHAI SECURITIES NEWS - China's top economic planner will soon launch a batch of major projects related to intelligent manufacturing, green manufacturing and high-end equipment in a bid to upgrade the country's manufacturing industry and eliminate outdated capacity, official sources told the newspaper. - China's state council has banned local restrictions on buying and driving new energy cars, the newspaper reported, citing a regular cabinet meeting chaired by Premier Li Keqiang. CHINA SECURITIES JOURNAL - The number of China's public fund managers that have left their posts during September has dropped to 16, a low for the year, from a high of 55 in June, after the market crash in recent months prevented them from hopping to private equity companies, according to a survey by the newspaper. SECURITIES TIMES - Profits for China's listed brokerages dropped by more than 30 percent in August month-on-month, after falling by 50 percent in the previous month, according to a survey by the newspaper. CHINA DAILY - Given that investment in development projects are still vital to China's economic growth, officials' reluctance to use funds on projects under their control will become an accumulative drag on the economy, while delay in projects related to livelihood could dent the credibility of the Communist Party and government, an editorial said. GLOBAL TIMES - After NASA's announcement that it found strong evidence of flowing water on Mars, China should consider setting up a special organisation for space exploration, doing so not for political reasons but as a necessary step along with China's modernization, an editorial said. Britain The Times Glencore Plc should consider dismantling the empire created by Ivan Glasenberg to escape from a downward spiral that has raised serious questions about its future, according to Citigroup Inc. (http://thetim.es/1Lj4k7W) Taxpayers are to lend 45 million pounds ($68.18 million) to Evraz Plc, a company controlled by Roman Abramovich, one of the world's richest men, as part of a government export drive. (http://thetim.es/1Lj4pbC) The Guardian Amazon.com Inc has taken the first step toward offering a full grocery delivery service in the UK, turning up the pressure on the big supermarket chains. The American online retailer is testing the market by offering between 50 and 60 frozen and chilled food products as part of its Prime Now one-hour delivery service. (http://bit.ly/1Lj4Anv) Rising global interest rates could prompt a new credit crunch in emerging markets, as businesses that have ridden the wave of cheap money to load up on debt are pushed into crisis, the International Monetary Fund has said. (http://bit.ly/1Lj4H2e) The Telegraph Morrisons is increasing pay for 90,000 shop floor staff to 8.20 pounds an hour but is axing additional pay for Sunday work. (http://bit.ly/1Lj4RGQ) The Bank of England governor, Mark Carney, is urging the UK's biggest insurance companies and investors to help counteract the financial shocks that could be triggered by climate change. (http://bit.ly/1Lj4V9P) Sky News Glencore Plc, the crisis-hit miner and commodities trader, has held secret peace talks with the City's most influential investor trade body amid fury over the company's recent $2.5 billion (1.6 billion pounds) cash call. (http://bit.ly/1Lj5252) The FTSE-100 education group Pearson Plc is buying the company which oversees the UK's national citizenship test in its first deal since selling the Financial Times and the Economist for more than 1 billion pounds. (http://bit.ly/1Lj58K3) The Independent The trendy food chain Whole Foods Market Inc is downsizing its workforce, cutting more than 1,500 jobs to help lower prices. (http://ind.pn/1Lj5f8r)