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  • 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...

  • Sept 1- Hong Kong shares fell in sympathy with regional markets on Tuesday, as weak Chinese manufacturing data stoked fresh worries about a hard landing for the world's second-largest economy. A weak Chinese economy also hurts Hong Kong. Hong Kong retail sales fell for the fifth straight month in July, as a slowdown in tourist arrivals further battered sales of...

  • BEIJING, Sept 1- China's central bank will establish a $10 billion fund for investment in Latin American countries, it said in a statement on its website on Tuesday. The fund will be jointly managed by the central bank, policy lender China Development Bank and the country's foreign exchange regulator. Areas in which the fund will invest include manufacturing,...

  • BEIJING— The Committee to Protect Journalists is urging Chinese authorities to release a reporter accused of spreading false information on the country's stock market meltdown, calling it the latest act of media intimidation by President Xi Jinping's administration. Press freedom groups say China's leaders are seeking scapegoats for the collapse of a...

  • BEIJING, Sept 1- A nearly two-month series of daily auctions from China's huge cotton reserves has drawn to a close, selling only a fraction of fiber offered due to high pricing and a slowing economy. Beijing had been under pressure to release stocks to recover part of the cost accrued building a stockpile of around 11 million tonnes of cotton under a...

  • The White House said move is required for safety in the changing Arctic- and to keep up with Russia. The U.S. Coast Guard used to have seven icebreakers, but the fleet has dwindled to three creaky vessels, only one of which is a heavy duty vessel, the White House said. "Russia, on the other hand, has 40 icebreakers and another 11 planned or under construction," the White House...

  • 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...

  • BEIJING, Sept 1- The impact of China's stock market volatility is contained, while the country needs to be able to withstand such volatility to pursue market reforms, the country's top economic planning body said on Tuesday. Ning Jizhe, Vice Chairman of the National Development and Reform Commission, told a briefing that China need to work hard to meet its 2015...

  • BERLIN, Sept 1- Rising output and orders helped Germany's manufacturing sector expand at its fastest pace in sixteen months in August, adding to signs that exports may help fuel growth in Europe's largest economy in the third quarter. Markit's purchasing managers' index for manufacturing, which makes up about one fifth of the German economy, rose to 53.3 from...

  • JAKARTA, Sept 1- Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations. IMF Managing Director Christine Lagarde also warned emerging economies like Indonesia to "be vigilant for spillovers" from...

  • BUDAPEST, Sept 1- Hungary closed Budapest's main Eastern Railway station on Tuesday morning with no trains departing or arriving until further notice, a spokesman for state railway company MAV said. There are hundreds of migrants waiting at the station. Trainloads of migrants arrived in Austria and Germany from Hungary on Monday as European Union asylum...

  • 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...

  • Sept 1- Yahoo Inc Chief Executive Marissa Mayer announced she is pregnant with identical twin girls, likely due in December. "Since this is a unique time in Yahoo's transformation, I plan to approach the pregnancy and delivery as I did with my son three years ago, taking limited time away and working throughout," Mayer wrote in a blog post on Tuesday.

  • BEIJING, Sept 1- China's economy is growing at a reasonable rate with exports improving in August from the previous month, the country's top economic planning body said on Tuesday. He suggested that investors should not only focus on China's GDP growth rate but also should pay attention to China's reform progress. The softness in China's economic indicators in...

  • 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...

  • Margin-trading Mrs Watanabe took a drubbing on Aug. 24, when the dollar tumbled nearly 5 percent to a seven-month low of 116.15 yen as risk aversion triggered by a rout in Chinese equity markets heavily favoured the safe-haven Japanese currency. "The plunge resulted in forcing day traders into massive rounds of dollar-selling to cut their losses," said Takuya...

  • *World still over-supplied with oil- Morgan Stanley report. *China manufacturing contracted at fastest pace in three years- official PMI data. The surge was fuelled by an OPEC commentary saying the cartel was willing to talk to other producers to achieve reasonable oil prices, as well as by the downward revision of U.S. output data by the U.S. Energy Information...

  • *China official PMI at 3- year low; Markit reading at 6-1/ 2 yr low. The Chinese government's measure of manufacturing showed activity contracted at the fastest pace in three years, while a survey by Markit, which focuses more on smaller, private firms, showed the factory sector's weakest performance in 6-1/ 2 years. Even China's services sector, which has been one of...

  • SHANGHAI, Sept 1- Chinese stocks got September off to a rocky ride on Tuesday, with main indexes tumbling 5 percent at one point as weak manufacturing data laid bare the daunting challenge faced by Beijing as it races to revive a stumbling economy. It's like just trying to put out a big fire with a glass of water, "said Yang Hai, strategist at Kaiyuan Securities.

  • LONDON, Sept 1- European stocks fell on Tuesday after weak manufacturing data from China raised fresh concerns over the health of its economy and hit Asian markets. Activity in China's manufacturing sector contracted at its fastest pace in three years in August, an official survey showed on Tuesday, reinforcing fears of a sharper slowdown in the world's...