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  • US STOCKS-Wall St pares losses as Apple rebounds Monday, 24 Aug 2015 | 12:24 PM ET

    *Chinese market falls 8 percent. Aug 24- U.S. stocks staged a dramatic recovery off their lows on Monday, helped by a turnaround in Apple's shares, but the three main indexes remained in or within spitting distance of correction territory amid fears China's growth is slowing. "The U.S. fundamentals are strong and just as confidence can go away, it can come back pretty...

  • *Shanghai stocks lose almost 9 pct, lack of steps from Beijing disappoints. NEW YORK, Aug 24- World stock markets plunged on Monday, after a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities sent investors rushing for the exits. Concerns about a China- led global economic slowdown and tumbling commodities prices had U.S. traders...

  • CHICAGO, Aug 24- Visa Inc said on Monday online shoppers using its payment service are 17 percent more likely to complete their purchases than those using PayPal. Visa Checkout, which allows shoppers to store their payment information without having to re-enter it every time they make a purchase online, said 66 percent of its enrolled customers completed their...

  • Aug 24- U.S.-based Monsanto Co has increased its offer to buy Switzerland's Syngenta AG from CHF 449 per share to CHF 470 per share, a person familiar with the matter said on Monday. Monsanto wants to combine its world-leading seeds business with Syngenta's own seeds and pesticides. A Syngenta representative did not immediately respond to a request for comment...

  • *China equities collapse sparks global markets sell-off. A near 9- percent tumble in China shares roiled global markets and sent the Dow Jones Industrial Average down more than 1,000 points in early trading, before Wall Street pared losses. "China's drop pushed everything lower and now we'll see if the bounce by U.S. stocks after the early pull back can stop the...

  • BRASILIA, Aug 24- Brazil's government announced on Monday it will slash the number of ministries and reduce its spending, in an effort to show commitment to austerity that could be politically costly for President Dilma Rousseff. Brazil's ruling Workers' Party has been criticized for bloating the size of government. The distribution of ministry jobs has been...

  • Aug 24- RainDance Technologies Inc, a maker of gene-based tools to detect cancer and inherited diseases, said it planned to withdraw its initial public offering due to adverse "market conditions". "With last week's mayhem and today's drop you can expect IPO activity to grind to a complete halt," said Jay Ritter, IPO expert and professor at the University of Florida.

  • REFILE-RainDance Technologies withdraws IPO plans Monday, 24 Aug 2015 | 11:13 AM ET

    Aug 24- RainDance Technologies Inc, which makes genomic tools to detect cancer and inherited diseases, said on Monday it plans to withdraw its initial public offering, citing "market conditions". The move by RainDance, which had filed for an IPO of up to $60 million in February, comes on a day when all three major Wall Street indexes moved into correction territory.

  • ATHENS, Aug 24- Workers at a Canadian-run gold mine in northern Greece staged a counter-protest on Monday against its threatened closure, a day after scuffles broke out at a demonstration by activists opposed to the project. About 200 workers gathered at two sites in the scenic Halkidiki region, briefly blocking roads in protest at a government decision which...

  • US STOCKS-Wall St pares losses but still down sharply Monday, 24 Aug 2015 | 11:09 AM ET

    *Chinese market falls 8 percent. *At one point, Dow down more than 1,000 pts. Aug 24- Wall Street pared some losses on Monday after the Dow Jones industrial average lost more than a 1,000 points in volatile trading following a steep drop in Chinese shares and a selloff in oil and other commodities.

  • HAVANA, Aug 24- Austerity measures and the restructuring of Cuba's Soviet-style economy have reduced spending on research and development by close to 50 percent over the last five years, according to a government report released last week. President Raul Castro's government has imposed strict austerity measures since he replaced his ailing brother Fidel...

  • Aug 24- Royal Bank of Scotland Group Plc has lost a bid to escape a U.S. regulator's lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying $32 billion of mortgage-backed securities ahead of the financial crisis. The case against RBS is the biggest and last of 18 lawsuits the FHFA filed in 2011 over about $200 billion in mortgage-backed...

  • NEW YORK, Aug 24- U.S. The global stock market rout began after Beijing surprised investors on Aug. 11 when it devalued the yuan, a move that sparked fears about a "currency war" in which nations seek to make their exports cheaper against their trading partners. "The China devaluation opened up Pandora's Box.

  • BUENOS AIRES, Aug 24- Argentine farmers started a five-day crop sales strike on Monday, part of an election-year push in the world's No. 3 soybean exporter to change policies that they say have killed profits under outgoing President Cristina Fernandez. Farmers say the tax puts them at a disadvantage against competitors in Brazil and Paraguay, and that their...

  • WASHINGTON, Aug 24- The White House on Monday expanded its push for greater renewable energy adoption, announcing fresh financial incentives for solar panels, smart grid technology and other alternative energies for homeowners and builders. President Barack Obama will travel to Las Vegas, Nevada later on Monday to unveil the new steps, which include an...

  • SAN JUAN/ NEW YORK, Aug 24- Potential buyers of bonds being sold by Puerto Rico's water authority, PRASA, want stronger protections in the event the agency becomes insolvent, people close to the matter said, as the island's government tries to assure investors it does not need restructuring. PRASA's $750 million bond sale, initially slated to price last week, has...

  • LONDON, Aug 24- Gold edged higher on Monday to trade near a seven-week top as the dollar and shares tumbled on concerns about the Chinese economy and uncertainty over the timing of a U.S. rate rise. Platinum dropped 3 percent and palladium hit its lowest in three years at $563.72 an ounce. "The weaker dollar and concerns about China's economy are the factors behind...

  • SHANGHAI, Aug 24- Baoshan Iron& Steel, China's biggest listed steel company, reported a modest increase in first-half profit on Monday, citing easing demand in its domestic market. China's steel sector is grappling with chronic overcapacity, tougher environmental measures and an economic slowdown that is hitting demand for industrial metals.

  • Aug 24- A U.S. appeals court said on Monday the Federal Trade Commission has the authority to regulate cybersecurity, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to safeguard consumers' personal information. The 3-0 decision by the 3rd U.S. Circuit Court of Appeals in Philadelphia upheld an April 2014 ruling that allowed...

  • WASHINGTON, Aug 24- As China's stock-market plunge spread to the United States, presidential candidates on Monday laid on blame and pushed their policy ideas from the sidelines, with Republican Donald Trump saying he had warned about U.S. exposure to China. Because China's going bad it's going to bring us down, too, because we're so heavily coupled with China, "said...