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  • MELBOURNE, Aug 31- Shanghai copper slipped on Monday on lingering worries over China's economy ahead of fresh factory data later in the week, but was set for a small monthly gain as a lull in demand over summer petered out. The relative health of domestic Chinese prices in the face of losses in London bodes well for import driven demand over the next few months, said...

  • NYMEX-Oil prices fall on U.S. interest rate comments Sunday, 30 Aug 2015 | 9:04 PM ET

    *Some 31 U.S. senators have pledged to support the nuclear deal with Iran ahead of a Congressional vote by Sept. 17, moving President Barack Obama a step closer to having sufficient backing to ensure the deal stands. *Libya's National Oil Company and Central Bank chairmen met 26 oil majors including BP and ExxonMobil at meetings in London last week in a renewed...

  • For decades, Chinese economic policymakers have drawn praise for keeping their economy growing strongly through turbulence, such as the Asian financial crisis of 1997-1998 and the worldwide financial tumult of 2008. But investors have begun to lose faith in Beijing's economic management. The intervention undermined Beijing's pledge to give market...

  • The Dow Jones industrial average has lost nearly 1,000 points since China's surprise move to devalue its currency Aug. 11. For all its woes, China still outruns every other major economy. For 2015, while the nearly healthy U.S. economy will expand perhaps 2.5 percent, even most pessimistic analysts predict that China's will grow at least 5 percent.

  • LONDON, Aug 30- Libya's National Oil Company and Central Bank chairmen engaged in another round of blitz meetings with oil majors in London in a renewed effort to stop its rival wooing its clients. The head of the Tripoli- based NOC, Mustafa Sanallah, said he and Tripoli- based Central Bank Chairman Saddek El-Kaber held meetings with 26 oil firms over the course of...

  • China crisis covers tracks of Japan Saturday, 29 Aug 2015 | 8:42 PM ET

    *China crash most closely matches Japan's in early 90 s. *China more active, Japan response too little, too late. The abrupt end of Japan's boom in the 1990 s, complete with stock crash and property bust, offers the most striking similarities, and the most valuable lessons.

  • 'Good reason' to see higher US prices: Fischer Saturday, 29 Aug 2015 | 5:33 PM ET
    Stanley Fischer

    U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Fed to hike rates slowly, Vice Chairman Stanley Fischer said.

  • *Fed, BoE sound confident notes in face of China fears. JACKSON HOLE, Wyo., Aug 29- U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown. The cautious confidence from...

  • JACKSON HOLE, Wyo., Aug 29- Bank of England Governor Mark Carney said on Saturday that a slowdown in China's economy could push down further on inflation but it did not change, for now, the central bank's position on when and how it might increase interest rates. Their evolution needs to be monitored, not taken for granted, "he said, before adding the direct exposure of...

  • UK prosecutors mull charges for News Corp. over hacking Saturday, 29 Aug 2015 | 6:30 AM ET

    LONDON— British prosecutors say they are considering corporate charges against Rupert Murdoch's News Corp. over phone hacking at the now-defunct News of the World tabloid. Meanwhile, the Financial Times reported that former News of the World editor Brooks, who quit News Corp. when the hacking scandal broke four years ago, would return to head Murdoch's...

  • DIARY- Top Economic Events to Sept 12 Friday, 28 Aug 2015 | 8:01 PM ET

    ZURICH- Swiss National Bank head Thomas Jordan addresses a business gathering- 1600 GMT. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New York- 1710 GMT. TOKYO- Japan Economics Minister Akira Amari speaks at a seminar at...

  • *Refinery outages, Yemen tensions and storm watch fuel gains. NEW YORK, Aug 28- World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years. Warplanes from a Saudi-led coalition killed 10 people in air...

  • TORONTO, Aug 28- The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as part of their assault on the company in recent weeks. Avid Life Media announced on Friday that...

  • NEW YORK, Aug 28- The dollar rose to one-week highs on Friday for a fourth straight session of gains after some Federal Reserve officials did not rule out an interest rate hike next month despite this week's market meltdown. The index extended gains after Federal Reserve Vice Chair Stanley Fischer said the U.S. central bank can't wait for the case on hiking...

  • RIO DE JANEIRO— The bottom seems to have fallen out of Brazil's economy, with the government reporting Friday that the gross domestic product plunged 1.9 percent in the second quarter alone, once again throwing the nation into a technical recession. Like most Latin American nations, Brazil has been hurt by the plunge in commodity prices and the slowdown in China,...

  • Brooks back as News UK CEO after hacking scandal Friday, 28 Aug 2015 | 3:49 PM ET
    Rebekah Brooks

    Rebekah Brooks will make a return to News Corp as CEO of its UK division after being cleared of charges related to a hacking probe, FT reports.

  • *Refinery outages, Yemen tensions and storm watch fuel gains. NEW YORK, Aug 28- U.S. crude rose 6 percent on Friday, notching its first weekly gain in two months, after a rally in gasoline from refinery outages and concerns about strife in Yemen fed a second frenzied day of short-covering in oil. "A severely oversold and shorted oil market is creating a bid for covering...

  • *Refinery outages, Yemen tensions and storm watch fuel gains. NEW YORK, Aug 28- U.S. crude jumped as much as 7 percent on Friday as a rally in gasoline prices from refinery outages and concern about strife in Yemen prompted traders to scramble for a second day to cover short positions. U.S. crude's front-month was up $2.25, or 5.3 percent, at $44.81 a barrel by 1:46 p.m....

  • NEW YORK, Aug 28- The nearly two-month-long slide in oil prices to 6-1/ 2 year-lows has been a boon to many so-called systematic funds, which trade based on technical signals or computer algorithms rather than fundamentals. While most market commentary has focused on the persistent glut in the global market caused by unrelenting OPEC output and surprisingly...

  • *Soybeans firm on dry U.S. weather outlook. *Corn clings to modest gains in choppy trade. Soybeans rose on worries about dry weather in parts of the Midwest and spillover support from a strong rally in crude oil.