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Stocks Credit Suisse Group AG

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  • Fears the China growth woes could knock the global economy have spread turmoil in world financial markets, toppling the benchmark MSCI Asia Pacific ex- Japan index 16 percent this year. But the turbulence hides opportunities, some funds say, with Credit Suisse estimating net selling in emerging Asia ex- China reached a whopping $19.8 billion in the three months...

  • *China official PMI at 3- year low; Markit reading at 6-1/ 2 yr low. LONDON/ BEIJING, Sept 1- China's giant manufacturing industry contracted while British and euro zone growth eased in August, rattling markets and reinforcing expectations interest rates may fall again or stay near zero for longer. It came as the People's Bank of China loosened policy for the second...

  • POLL-Oil prices to recover into 2016 - Reuters poll Tuesday, 1 Sep 2015 | 6:00 AM ET

    *In 2016, Brent seen averaging $62.30, U.S. crude $57.00. Benchmark North Sea Brent crude is likely to average $62.30 a barrel in 2016, up from an average so far this year of around $57.60, the monthly survey of 30 analysts said. But analysts say much lower oil prices over the last few months have stimulated more demand for fuel in many parts of the world, particularly...

  • *China official PMI at 3- year low; Markit reading at 6-1/ 2 yr low. The Chinese government's measure of manufacturing showed activity contracted at the fastest pace in three years, while a survey by Markit, which focuses more on smaller, private firms, showed the factory sector's weakest performance in 6-1/ 2 years. Even China's services sector, which has been one of...

  • TOKYO, Sept 1- Japanese stocks crumbled on Tuesday, extending the previous day's losses after surveys showed China's factory sector shrank for the sixth straight month in August while investors remained on edge ahead of key U.S. data due throughout the week. "The market remains almost shell-shocked after the volatility we've seen recently and having events on...

  • TOKYO, Sept 1- Japanese stocks extended losses on Tuesday after surveys showed China's factory sector shrank for the sixth straight month in August while investors remained on edge ahead of key U.S. data due throughout the week. "The market remains almost shell-shocked after the volatility we've seen recently and having events on the horizon that could...

  • *China manufacturing data contracts at the fastest pace in 3 yrs. SHANGHAI, Sept 1- Chinese stocks gyrated wildly on Tuesday, with main indexes tumbling 5 percent at one point as weak manufacturing data laid bare the daunting challenge faced by Beijing as it races to revive a stumbling economy. Hong Kong stocks also fell, weighed down by weak retail sales data, and...

  • Aug 28- Wall Street ended a tumultuous week with a flat close on Friday as investors shrugged off concerns that a September rate rise was more likely than some investors expected. "A lot of investors are rebalancing their portfolios before going into the weekend," said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin.

  • Aug 28- Wall Street was moderately lower on Friday afternoon after comments by a top Federal Reserve official suggested that a September rate rise was more likely than some investors expected. Many on Wall Street have hoped the recent global market turbulence and worries about China's economy would lead the Fed to hold off raising rates, an expectation...

  • *U.S. heading in the direction of rate hike- Fed's Fischer. Aug 28- U.S. stocks looked set to snap a two-day rally on Friday after comments by a top Federal Reserve official appeared to suggest that a September rate rise was still possible. Fed Vice Chairman Stanley Fischer said the United States was heading in the direction of higher rates and that recent economic...

  • *Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, Aug 28- European stocks closed out a rollercoaster week with modest gains on Friday, although a leading regional equity index was still on track for its worst month in four years due to underlying concerns over China. Fears of a global economic slowdown, which intensified after China devalued its...

  • *Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, Aug 28- European shares eased back on Friday, having already recouped nearly all their losses from a bruising eight percent drop earlier this week, with markets cooling off despite hopes of more help from central banks. Fears of a slowdown in global economic growth, which intensified after China...

  • European shares ease back after rollercoaster week Friday, 28 Aug 2015 | 4:19 AM ET

    *Havas outperforms after sales update. LONDON, Aug 28- European equities eased back on Friday, having already recouped all their losses from a bruising 8 percent correction earlier this week, with markets cooling off slightly despite hopes for more easy central bank policy. The movement of currencies is still bubbling away underneath, "said Paul Chesterton, a...

  • Amgen wins approval for second biotech cholesterol drug Thursday, 27 Aug 2015 | 5:18 PM ET

    WASHINGTON— Amgen Inc. has won federal approval for the second medicine in a new class of pricey biotech drugs that reduce artery-clogging cholesterol more than older statin drugs that have been used for decades. Thousand Oaks, California- based Amgen priced the drug slightly below a similar drug Praluent, which costs $14,600 per year. Sanofi and partner...

  • WASHINGTON, Aug 27- The U.S. Labor Department is leaning toward denying requests for regulatory relief by three big foreign banks that pleaded guilty to manipulating Libor interest rates but want to keep managing retirement accounts for clients. In letters to units of Deutsche Bank, UBS and the Royal Bank of Scotland, the department said it has "tentatively...

  • WARSAW, Aug 27- Goldman Sachs will hire "several hundred" employees for its Warsaw- based technology and operations units over the next three years, the U.S. bank said on Thursday. "In a strategic decision, the firm will now expand its footprint in Warsaw," said Goldman Sachs spokesman for central and eastern Europe, Adib Sisani. Goldman Sachs has had an office in Warsaw...

  • Europe blue-chip shares on the cheap? Think again Tuesday, 25 Aug 2015 | 11:49 AM ET

    *Credit Suisse recommends telecoms over consumer goods. LONDON, Aug 25- Stock markets are rebounding after a bruising 48- hour sell-off. But with China still battling to revive its slowing economy, Europe's "screaming buys" come with risks.

  • LONDON, Aug 25- The dollar jumped nearly one percent against a basket of major currencies on Tuesday and recovered from seven-month lows against the safe-haven yen and the euro as riskier assets got a boost from an interest rate cut by the Chinese central bank. The People's Bank of China said it was lowering the one-year benchmark bank lending rate by 25 basis...

  • *Worries over China's economy linger. LONDON, Aug 25- The dollar rose broadly on Tuesday, earning a breather from a slide to seven-month lows against the yen as U.S. Treasury yields climbed, although most investors were cautious given worries of a China- led slowdown in global growth.

  • *Worries over China's economy linger. SINGAPORE/ TOKYO, Aug 25- The dollar rose against the yen on Tuesday, pulling up from a slide to seven-month lows the previous day, but the outlook remained clouded by worries of a China- led slowdown in global growth. While the dollar has pulled up from Monday's trough of 116.15 yen, its lowest level since mid-January, it is still...