Morning business news round-up for Oct 13, 2014

SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.

1. China's September data fuel growth hope. China registered a stronger-than-expected jump in exports and rebound in imports, boosting hopes of it meeting growth target this year.

2. Asian stock markets, oil extend slide. Asian markets sank deeper on Monday while oil hit multi-year lows following another round of losses on Wall Street fuelled by global growth concerns.

3. SMRT decides against a reported S$1.6 billion takeover of UK cab firm. SMRT said on Monday it has decided not to make an offer for Addison Lee, London's biggest minicab operator.