NEW YORK, Aug 21- U.S. crude rose and Brent futures pared losses on Thursday, lifted by supportive economic data from the United States after a plentiful supply picture and Chinese economic data had earlier pressured prices.» Read More
*Business growth slows in China, Europe. LONDON/ BEIJING, Aug 21- Business growth in China and across Europe slowed this month, surveys showed on Thursday, providing more evidence that the world economy is stuttering and may need more monetary stimulus to keep it going.
Markit's flash composite Purchasing Managers' Index, which tracks growth in the manufacturing and service sectors that make up more than two-thirds of the economy, fell to 54.9 in August from 55.7.
Willem Nabarro, Head of European Equities for Asia at Exane-BNP Paribas, outlines the factors that will likely contribute to a downturn in European stock markets moving ahead.
*Wall Street rebounds on Fed minutes, dollar rallies. NEW YORK, Aug 20- Global equity markets rose on Wednesday after minutes from the Federal Reserve indicated there is no rush to bring forward plans to raise interest rates in the future, reversing earlier declines that were driven by hints from the Bank of England of an early rate hike.
*G20 source says industry over-reacted to first plans. *Sector expects revised plans from G20 later in year. LONDON, Aug 20- Fund managers may face tougher scrutiny by global regulators than planned after their intense lobbying against a first proposal backfired, industry sources and G20 officials said.
KIEV, Aug 20- Ukraine's conflict with separatist rebels is draining the economy by the day and hampering efforts to implement reforms as required by an IMF bailout program, Prime Minister Arseny Yatseniuk said on Wednesday.
*Sterling rebounds from four-month low, UK government bonds fall. LONDON, Aug 20- Bank of England policymakers broke ranks over interest rates for the first time in three years this month, when two unexpectedly voted to tighten policy and revived speculation about a 2014 rate hike.
LONDON, Aug 20- World stocks fell on Wednesday as investors braced for the possibility that a major central bank could raise interest rates this year after Bank of England minutes showed two of the bank's nine rate-setters voted for a hike earlier this month.
LONDON, Aug 20- China's economy is slowing. Japan's sank in the second quarter. In a world preoccupied by geopolitical crises- from Ukraine, Iraq and Gaza to the Ebola outbreak in West Africa- the global economy has taken something of a back seat.
*Attention shifts from Ukraine- Russia conflict. LONDON, Aug 20- World stocks mostly halted their recent rally on Wednesday before the latest policy signal from the U.S. central bank, while UK stocks and bonds fell after Bank of England minutes showed two rate-setters voted to raise interest rates earlier this month.
LONDON— The Bank of England's consensus on maintaining record-low interest rates has crumbled after more than three years, with two members of the central bank's monetary policy committee voting to increase borrowing costs this month.
*All eyes on Fed minutes, Jackson Hole speeches. WARSAW, Aug 20- The dollar reached an 11- month high against the euro and a basket of major currencies on Wednesday, buoyed by optimism over the health of the U.S. economy. The greenback broke through resistance around $1.3300 and last November's high of $1.3295 per euro in morning trade in Europe.
Richard Kelly, head of European rates at TD Securities, says the euro zone is "one global recession away" from being stuck in deflation.
It all makes Sonia Rao, a stay-at-home mother of a 1- year-old in Mountain View, California, "a little uncomfortable." WASHINGTON— U.S. home construction rebounded in July, rising to an eight-month high and offering hope that housing has regained momentum after two months of declines.
Aug 19- Medtronic Inc Chief Executive Omar Ishrak defended his company's plan to acquire Dublin- based Covidien Plc in a so-called inversion deal, saying the medical device maker will be able to create more U.S. jobs while still paying substantial taxes once the transaction closes.
WARSAW, Aug 19- Poland's central bank should put aside any concerns about the zloty and consider a one-off interest rate cut to counter threats to growth from the Ukraine conflict and elsewhere, central banker Anna Zielinska-Glebocka said.
LONDON— Britain's inflation rate fell more than expected in July, to 1.6 percent from 1.9 percent in June, easing pressure on the Bank of England as it weighs when to raise interest rates. The Office of National Statistics said Tuesday that a fall in clothing prices provided the biggest contribution to the drop in consumer price inflation.
MONTGOMERY, Ala.— For the second month, Alabama is the only state with an unemployment rate higher than a year ago. Bentley said nearly 60,000 new jobs have been announced since he became governor, and Alabama is poised for better days when plants come on line like Airbus in Mobile, Golden Dragon Copper Tubing in Wilcox County and Remington in Huntsville.
A.P. Moller-Maersk, which investors monitor as a bellwether for world trade, lifted Tuesday its earnings outlook on the back of an increase in freight volumes, a promising development at a time when a major economy like China is slowing and much of Europe remains stagnant.
Ian Harnett, Co-Founder of Absolute Strategy Research, says geopolitical risks in Ukraine and lagging monetary policies will weigh on growth in the euro zone.
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