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Top News & Analysis North America

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  • TOKYO/ SINGAPORE, Aug 31- The dollar began the week under pressure on Monday, on track for monthly losses but off recent lows as investors kept alive hopes that the U.S. But it was well above a seven-month low of 92.621 plumbed a week ago as fears of a sharp economic slowdown in China sent global equities markets plunging. The euro rose 0.6 percent to $1.1249, below last...

  • BEIJING— Asian stocks fell Monday after a U.S. Sydney's S&P/ASX 200 lost 0.9 percent to 5,213.50 and Hong Kong's Hang Seng retreated 0.3 percent to 21,539.59. Seoul's Kospi was off 0.3 percent at 1,931.49 and Singapore also fell.

  • *Asia-Pacific index down 10 percent so far this month. *Fears of China slowdown add to volatility. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.8 percent and is set to fall 10 percent this month, its worst monthly drop since May 2012.

  • *Fujitsu outperforms after brokerage rating hike. TOKYO, Aug 31- Japanese stocks skidded on Monday morning, hurt by soft domestic industrial output data and concerns the U.S. Federal Reserve might yet raise interest rates next month even as anxiety over a China- led global economic slowdown persists.

  • SYDNEY, Aug 31- U.S. soybeans fell on Monday, with the oilseed poised to record a monthly loss of more than 6.5 percent after coming under pressure from a potential slowdown in Chinese demand and ample global supplies. *Soybeans draw some support on concerns over dry weather in Midwest. *Egypt's state grain buyer booked 55,000 tonnes of Ukrainian wheat in an...

  • TOKYO, Aug 31- The dollar began the week under pressure on Monday, on track for monthly losses but off recent lows as investors kept alive hope that U.S. jobs data later this week would give the U.S. But it logged its largest weekly gain in a month, and was well above a seven-month low of 92.621 plumbed a week ago as fears about China sent global equities markets plunging.

  • *Asia-Pacific index -0.5 pct, on track for 10 pct monthly loss. *Concerns remain over China economy, markets, policy. TOKYO, Aug 31- Asian stocks sagged on Monday after top Federal Reserve officials kept the door open for an interest rate hike in September and investors braced for China economic data this week.

  • In private and in public at last week's global central banking conference in Jackson Hole, the message from visiting policymakers was that the Fed has telegraphed an initial monetary tightening and, following a year-long rise in the dollar, financial markets globally are as ready as they can be. But for Agustin Carstens, the top central banker in Mexico, a rate...

  • Steelworkers plan to form a "practice picket line" on Tuesday at ArcelorMittal Minorca in Virginia, Minnesota. "People are a bit anxious now because it's coming down to the wire," said Harold Anderson, an ArcelorMittal electrician who has worked in the 310- employee Minorca taconite plant in Virginia for nearly eight years. Steel and ArcelorMittal— the world's...

  • 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.

  • NEW YORK— The Christian drama " War Room" made a surprise bid for the box-office lead, Zac Efron's music drama "We Are Your Friends" fell completely flat and the N.W.A biopic "Straight Outta Compton" keeps chugging along. The late August weekend held scant competition for "Straight Outta Compton," but " War Room" nearly matched it. "War Room" is about an African-American...

  • LOS ANGELES, Aug. 30- The box office underwent a religious conversion this weekend as Christian crowds flocked to " War Room," lifting the low-budget salute to prayer above the Zac Efron drama "We're You're Friends" and the Owen Wilson thriller "No Escape." Filmed for a mere $3 million and distributed by Sony's Affirm division, " War Room" more than tripled its production...

  • CINCINNATI— The new leader of the Frisch's Restaurants chain wants to flex Big Boy's brand muscle with franchise expansion, new restaurant shapes and sizes, menu and beverage additions, and doing more to court younger customers. Atlanta- based NRD Capital has taken over after shareholder approval last week of its $175 million acquisition that ended family...

  • GOLDEN VALLEY, Minn.— General Mills has set an ambitious goal of reducing its greenhouse gas emissions 28 percent by 2025— not just within its own operations but from farm to fork to landfill. CEO Ken Powell, in outlining the plan to The Associated Press ahead of the company's official announcement Monday, said General Mills is compelled to act because climate...

  • TRENTON, N.J.— The $225 million settlement between ExxonMobil and New Jersey reached this week confirms the oil giant must clean up more than 1,500 contaminated properties from gas stations to refineries— but exactly how much they'll spend or how long it'll take remains murky. Tuesday's settlement between New Jersey's Department of Environmental...

  • ALBUQUERQUE, N.M.— Republican presidential candidate Donald Trump's call for mass deportation of millions of immigrants living in the U.S. illegally, as well as their American-born children, bears similarities to a large-scale removal that many Mexican-American families faced 85 years ago. During that time, immigrants were rounded up and sent to Mexico,...

  • NEW YORK, Aug 30- Berkshire Hathaway Inc's $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry, even as Boeing Co uses its clout as the world's biggest plane maker to put a check on some deals. Private equity and strategic buyers have been pouring into the sector,...

  • *Estimated HK $1.57 tln a year channelled through Macau. HONG KONG, Aug 30- Just days after authorities raided five pawn shops in the Chinese territory Macau, many of the neon-lit stores in the world's biggest gambling hub are still letting punters make fake purchases to skirt rules on how much cash they can take out of China. The transaction, which took less than 10...

  • At a virtual reality expo, VR comes in many forms Saturday, 29 Aug 2015 | 8:46 PM ET

    LOS ANGELES— A few inches above the floor, a man is suspended from a swing-like apparatus pretending he's flying over a mountain. At the third annual VRLA, a gathering of VR creators and enthusiasts in Southern California, the immersive technology transported more than 2,000 attendees beyond the walls of the Los Angeles Convention Center to other countries,...

  • 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.