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  • *China manufacturing contracts at fastest in 3 years- PMI. NEW YORK, Sept 1- Oil prices tumbled 8 percent on Tuesday in volatile trading that sent Brent futures back below $50 a barrel as weak Chinese data revived concerns about demand for petroleum after crude's three-day rally of more than 20 percent. "It was primarily the China fear factor," Carsten Fritsch at...

  • *China manufacturing contracts at fastest in 3 years- PMIs. NEW YORK, Sept 1- Oil prices tumbled 7 percent on Tuesday and Brent futures fell back below $50 a barrel as weak Chinese manufacturing data revived concerns about global demand for petroleum. "It was primarily the China fear factor," Carsten Fritsch at Commerzbank in Frankfurt told the Reuters Global Oil...

  • *FTSE 100 closes down 3 pct, its biggest one-day fall in over a week. *Only one FTSE 100 components closes in positive territory. LONDON, Sept 1- The UK FTSE 100 slumped 3 percent on Tuesday, its worst one-day fall in over a week, with miners hit hardest after a slump in the manufacturing sector in China- the world's biggest commodity consumer.

  • HELSINKI— Swedish officials said Tuesday they are optimistic about reaching a general agreement on legal assistance with Ecuador which could pave the way to questioning WikiLeaks founder Julian Assange in London on outstanding accusations against him. Assange, who has avoided extradition to Sweden by sheltering in the Ecuadorean Embassy in London since...

  • 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...

  • LONDON— Britain's National Crime Agency says its website has been targeted in an apparent cyberattack. The agency, which is Britain's national body against organized crime and cybercrime, said Tuesday that the attack aimed to make the website inaccessible to visitors. It said it did not result in a security breach, and did not affect its operational capability.

  • HONG KONG/ LONDON, Sept 1- BG Group plc, which is being acquired by Royal Dutch Shell plc, has put up for sale its 22.2 percent stake in the huge Thai Bongkot offshore gas field valued at around $1.2 billion, people familiar with the matter said. BG has hired Morgan Stanley to run the sale process and wants to close the deal by the end of this year, one of the people said.

  • *Unilever, Nestle challenged by niche, regional brands. ZURICH/ LONDON, Sept 1- Changing tastes and distribution challenges in emerging markets are opening up an ice cream industry long dominated by global food companies such as Unilever and Nestle. That's posing a challenge to Unilever and Nestle, which together control about a third of a global market that...

  • *China factory activity shrinks at fastest pace in 3 years. London, Frankfurt and Paris were down 2.3 to 2.5 percent and oil was also back in the red as it cut almost $1.5 off the $10 it had leapt between Thursday and Monday, which had been its biggest three-day surge in 25 years. GDP was revised up, but the overall theme is still the weakness in China and that is very hard...

  • LONDON/ BEIJING Sept 1- Shares in British hedge fund manager Man Group Plc fell more than 6 percent in early trade on Tuesday following a report that the head of its China unit had been taken into custody as part of a probe into the country's recent market volatility. Bloomberg reported on Monday that Man's China chairwoman, Li Yifei, was helping authorities...

  • LONDON, Sept 1- Euro zone manufacturing growth eased last month, despite factories barely raising prices, adding to the European Central Bank's woes as it battles to spur expansion and inflation, a survey showed. Markit's final manufacturing Purchasing Managers' Index was 52.3 last month, below an earlier flash reading that suggested it had held steady at...

  • 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...

  • *China official factory PMI 49.7 in August, vs 50.0 in July. *Morgan Stanley sees copper market near flat on supply outages. MELBOURNE, Sept 1- London copper held its ground on Tuesday in the face of slowing factory activity in the world's top copper user, cushioned by a softer dollar, while nickel resumed its slide on supply concerns.

  • *OPEC says worried about prices, ready to talk to producers. NEW YORK, Aug 31- Oil futures soared on Monday for a third consecutive day, rising more than 8 percent, as a downward revision of U.S. crude production data and OPEC's readiness to talk with other producers helped extend the biggest three-day price surge in 25 years. U.S. crude gained $3.98, or 8.8 percent, to...

  • *S&P 500 posts biggest monthly percentage drop since May 2012. The S&P 500 registered its biggest monthly percentage drop since May 2012 after being pummeled in the past two weeks on concerns about slowing growth in China. "If they move in September, it's going to cast a lot of doubt about where they will stop," said Stephen Massocca, chief investment officer at...

  • *OPEC says worried about prices, ready to talk to producers. NEW YORK, Aug 31- Oil futures soared on Monday for a third consecutive day, rising more than 8 percent, as a downward revision of U.S. crude production data and OPEC's readiness to talk with other producers helped extend the biggest price surge in 25 years. U.S. crude gained $3.98, or 8.8 percent, to settle at...

  • *Gold eyes strongest monthly gain since January. NEW YORK/ LONDON, Aug 31- Gold steadied on Monday, bouncing up from session lows as oil prices rallied and the U.S. dollar fell, after bullion felt earlier pressure on indications the Federal Reserve may still raise interest rates this year, despite recent market turmoil. "It was oil that sparked the short-covering,"...

  • *OPEC says worried about prices, ready to talk to producers. NEW YORK, Aug 31- Oil soared on Monday for a third consecutive day, with Brent crude rising more than 8 percent, as a downward revision of U.S. output data and OPEC's readiness to talk with other producers helped extend the biggest price surge in 25 years. OPEC will protect its own interests, "according to the...

  • *OPEC says worried about prices, ready to talk to other producers. NEW YORK, Aug 31- Oil prices surged more than 5 percent Monday, continuing a three-day rally that has erased August's price declines, after U.S. oil production data showed output falling and OPEC said it would talk with other producers about low prices. Since November, OPEC countries led by Saudi...

  • *ENI rises after gas field discovery off Egypt. LONDON, Aug 31- European shares suffered their worst monthly performance in four years on Monday, as concerns over a Chinese economic slowdown and a possible U.S. interest rate rise hit the region's stock markets. Germany's DAX fell 0.4 percent and also posted its worst monthly performance since August 2011.