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  • *Corn also eases, wheat steadies after 3- month low. Corn gave up 0.7 percent to $3.72-1/ 2 a bushel and wheat added 0.4 percent at $4.86-3/ 4 a bushel. Share prices in Asia and Europe fell while commodity markets also slid as concerns about China were reignited by surveys showing its manufacturing sector shrinking at the fastest pace in three years and its services...

  • POLL-Oil prices to recover into 2016 - Reuters poll Tuesday, 1 Sep 2015 | 6:00 AM ET

    *In 2016, Brent seen averaging $62.30, U.S. crude $57.00. Benchmark North Sea Brent crude is likely to average $62.30 a barrel in 2016, up from an average so far this year of around $57.60, the monthly survey of 30 analysts said. But analysts say much lower oil prices over the last few months have stimulated more demand for fuel in many parts of the world, particularly...

  • BERLIN, Sept 1- German unemployment fell more than expected in August, with the jobless rate holding steady at a record low, offering reassurance that consumer spending will continue to drive growth in Europe's largest economy this year. "Economy and employment trends in Germany are pointing upward. Companies are well advised not to be unsettled by the recent...

  • GLOBAL MARKETS-China jitters send stocks tumbling Tuesday, 1 Sep 2015 | 4:40 AM ET

    *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...

  • "We want to use this situation to open up the opportunity for the refugees who have come to us legitimately of a new and better life in Germany." Successful asylum applicants in Germany have to attend "integration courses," which include a language element, but Nahles said that people need further language courses to get a foothold in the labor market.

  • *Crude oil prices fall nearly $2 a barrel in Asia trade. LONDON, Sept 1- Oil prices fell more than 3 percent on Tuesday after official data showed China's giant manufacturing sector, the engine powering the world's biggest energy consumer, contracted at the fastest pace in three years. "It was primarily the China fear factor," Carsten Fritsch, senior oil analyst at...

  • Analysts are already talking about when and how the European Central Bank might extend its 1.1 trillion-euro stimulus program that has been running for the past six months in an attempt to boost the modest recovery in the 19 countries that use the euro. They say ECB President Mario Draghi will likely use his news conference Thursday to underline the bank's...

  • NEW YORK— Samsung is juicing up its smartwatch with a circular face and more battery life than the Apple Watch, but it's unknown how many apps will be available for it. According to IDC, Apple was the No. 2 maker of wearable devices in the April-June quarter, with a 20 percent worldwide market share, behind the Fitbit and its fitness trackers at 24 percent.

  • TOKYO, Sept 1- The number of Japanese nuclear reactors likely to restart in the next few years has halved, hit by legal challenges and worries about meeting tougher safety standards imposed in the wake of the Fukushima disaster, a Reuters analysis shows. The findings are based on reactor inspection data from industry watchdog the Nuclear Regulation Authority,...

  • GRAINS-U.S. corn, soybeans, wheat post monthly loss Monday, 31 Aug 2015 | 4:02 PM ET

    CHICAGO, Aug 31- Chicago Board of Trade soybean futures edged higher on Monday on a round of end-of-month short covering while wheat was mixed and corn settled close to unchanged, traders said. CBOT soft red winter wheat for December delivery ended up 1-1/ 4 cents at $4.85 a bushel on Monday, snapping a streak of four straight losses on some bargain buying after the...

  • *Germany gets a wake-up call on depth of refugee crisis. No one in Germany is questioning her assessment any longer. In the past two weeks, the country has been shaken by a perfect storm of headlines that have elevated the refugee issue, long seen in Germany as primarily a southern European problem, to the very top of the public and political agenda.

  • Correction: The Month Ahead story Monday, 31 Aug 2015 | 12:33 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Labor Department releases second-quarter productivity data, 8:30 a.m.; Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • Correction: The Week Ahead story Monday, 31 Aug 2015 | 12:11 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Labor Department releases second-quarter productivity data, 8:30 a.m.; Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • BERLIN— German Chancellor Angela Merkel is making clear she expects Greece to continue complying with its obligations to creditors after upcoming elections, and says she doesn't see any possibility of reducing interest rates on its bailout loans. Greece is holding elections Sept. 20 after Alexis Tsipras stepped down as prime minister, seeking a stronger...

  • MADRID— A huge explosion Monday at a fireworks factory in northeastern Spain killed five people and injured six others, authorities said. The injured were taken to a hospital in the nearby regional capital of Zaragoza, said Gustavo Alcalde, the central government's top Interior Ministry official for the region. The factory was purchased in January by Etienne...

  • STOCKHOLM— U.N. climate talks began anew Monday in Germany, three months before world governments are supposed to adopt a landmark deal to fight global warming. The climate pact envisioned for Paris in December will be a crucial test for the diplomatic process, which failed to deliver a strong deal six years ago in Copenhagen. U.N. officials note things look much...

  • "We will have new elections in Greece and I am working on the assumption that Greece will fulfill its commitments," Merkel said during a press conference in Berlin.

  • *Price inflation stays steady but low at 0.2 percent. BRUSSELS/ FRANKFURT, Aug 31- With low price inflation serving as a reminder of the euro zone's delicate health, the European Central Bank is having to reassure market investors that it can do yet more to help the economy. Policy-setters in Frankfurt, who warn that falling oil has skewed this result, point to a...

  • MADRID— An American-Belgian businessman arrested for suspected involvement in enslavement and pillaging blood diamonds during Sierra Leone's civil war will be handed over shortly to Belgium, a Spanish court official said Monday. Spanish police said Desaedeleer, 64, was arrested last week at Malaga airport in southern Spain as he prepared to fly to the...

  • BUDAPEST, Hungary— Austria stepped up vehicle inspections Monday at its Hungarian border after 71 migrants apparently suffocated in a truck, creating a huge traffic jam on the main Budapest- Vienna highway. In addition to the gridlock at the Hegyeshalom border crossing— about a 30- kilometer backup at its peak— traffic was slower than usual at other spots along...