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  • JAKARTA, Sept 1- Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations. IMF Managing Director Christine Lagarde also warned emerging economies like Indonesia to "be vigilant for spillovers" from...

  • BUDAPEST, Sept 1- Hungary closed Budapest's main Eastern Railway station on Tuesday morning with no trains departing or arriving until further notice, a spokesman for state railway company MAV said. There are hundreds of migrants waiting at the station. Trainloads of migrants arrived in Austria and Germany from Hungary on Monday as European Union asylum...

  • Sept 1- Yahoo Inc Chief Executive Marissa Mayer announced she is pregnant with identical twin girls, likely due in December. "Since this is a unique time in Yahoo's transformation, I plan to approach the pregnancy and delivery as I did with my son three years ago, taking limited time away and working throughout," Mayer wrote in a blog post on Tuesday.

  • LONDON, Sept 1- The safe-haven yen and the low-yielding euro rose on Tuesday on concerns about China's economy, as investors unwound bets against the two currencies widely used to fund positions in riskier assets. Surveys of China's manufacturing and services reinforced worries about a sharper economic slowdown with Japan's Nikkei ending nearly 4 percent...

  • BEIJING, Sept 1- China's economy is growing at a reasonable rate with exports improving in August from the previous month, the country's top economic planning body said on Tuesday. He suggested that investors should not only focus on China's GDP growth rate but also should pay attention to China's reform progress. The softness in China's economic indicators in...

  • Sept 1- Canada's Valeant Pharmaceuticals International Inc is buying rights to AstraZeneca Plc's late-stage experimental psoriasis drug brodalumab after it was dropped by Amgen Inc in May. Valeant said on Tuesday it would make an upfront payment of $100 million to AstraZeneca, and additional pre-launch milestone payments of up to $170 million and...

  • *World still over-supplied with oil- Morgan Stanley report. *China manufacturing contracted at fastest pace in three years- official PMI data. The surge was fuelled by an OPEC commentary saying the cartel was willing to talk to other producers to achieve reasonable oil prices, as well as by the downward revision of U.S. output data by the U.S. Energy Information...

  • Margin-trading Mrs Watanabe took a drubbing on Aug. 24, when the dollar tumbled nearly 5 percent to a seven-month low of 116.15 yen as risk aversion triggered by a rout in Chinese equity markets heavily favoured the safe-haven Japanese currency. "The plunge resulted in forcing day traders into massive rounds of dollar-selling to cut their losses," said Takuya...

  • *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...

  • SHANGHAI, Sept 1- Chinese stocks got September off to a rocky ride 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. It's like just trying to put out a big fire with a glass of water, "said Yang Hai, strategist at Kaiyuan Securities.

  • LONDON, Sept 1- European stocks fell on Tuesday after weak manufacturing data from China raised fresh concerns over the health of its economy and hit Asian markets. Activity in China's manufacturing sector contracted at its fastest pace in three years in August, an official survey showed on Tuesday, reinforcing fears of a sharper slowdown in the world's...

  • LONDON, Sept 1- British Prime Minister David Cameron said on Tuesday he would introduce tough fines for company bosses who fail to pay the so called' national living wage' which will hit 9 pounds an hour by the end of the decade. The current minimum wage for those aged 21 and over is 6.50 pounds an hour and will rise to 6.70 pounds in October. Osborne said that from April...

  • Sept 1- Two of America's biggest public pension funds have come together to oppose an amendment of bylaws at Bank of America Corp that would allow Brian Moynihan to continue as both chief executive and chairman of the No. 2 U.S. bank by assets. Calstrs and Calpers together hold less than 1 percent of the total shares outstanding in Bank of America.

  • *Japan had been seen as frontrunner for Australian submarine deal. *But Australian defence firms unhappy after talks with Japan. SYDNEY, Sept 1- A Japanese consortium eyeing a A $50 billion contract to build submarines for Australia irked local suppliers by failing to share key information about its proposal or discuss specific collaboration possibilities...

  • 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...

  • SHANGHAI, Sept 1- China's major brokerage, Guotai Junan Securities Co, said on Tuesday that it will increase its equity fund dedicated to supporting markets- answering Beijing's call for listed firms to bolster their backing for struggling stock markets. Guotai Junan's board agreed to use 20 pct of its net assets for a fund dedicated to buying shares to support...

  • Sept 1- Canada's Valeant Pharmaceuticals International Inc said it has been granted an exclusive license by AstraZeneca Plc to develop and commercialize its late-stage experimental psoriasis drug brodalumab. The arrangement excludes Japan and certain other Asian countries where rights are held by Kyowa Hakko Kirin Co, Valeant said on Tuesday.

  • Yahoo CEO Marissa Mayer says expecting twin girls Tuesday, 1 Sep 2015 | 1:54 AM ET

    Sept 1- Yahoo Chief Executive Marissa Mayer is pregnant with identical twin girls, likely due in December, she said in a blog post. "Since this is a unique time in Yahoo's transformation, I plan to approach the pregnancy and delivery as I did with my son three years ago, taking limited time away and working throughout," Mayer wrote in a post early Tuesday.

  • 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...

  • BEIJING/ SHANGHAI, Sept 1- Activity in China's factory sector shrank at its fastest rate in at least three years in August as domestic and export orders tumbled, increasing investors' fears that the world's second-largest economy may be lurching toward a hard landing. Even more worrying, China's services sector, which has been one of the lone bright spots in the...