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  • TOKYO, Sept 1- Asian shares extended losses on Tuesday and European markets look set to follow after twin surveys showed China's manufacturing sector in the grip of its worst slump in several years, raising fresh fears about the health of its economy. Financial spreadbetters expected Britain's FTSE 100 to open as much as 1.7 percent lower, Germany's DAX to open...

  • TOKYO, Sept 1- Japanese government bond prices edged up on Tuesday, spurred by a strong 10- year debt auction and a slide in Tokyo equities. The bid-to-cover ratio, a gauge of demand, at Tuesday's 2.4 trillion yen 10- year JGB sale rose to 3.52 from 2.84 at the previous auction in August. Japan's Nikkei was down 2.9 percent as weak corporate expenditure and soft China...

  • TOKYO— Asian shares fell Tuesday as gloomy manufacturing data from China and weak investment figures in Japan augured further uncertainty for investors after a brutal August. KEEPING SCORE: China's Shanghai Composite Index dropped 1.1 percent to 3,172.03 after dipping nearly 5 percent earlier in the session. Australia's S&P/ASX 200 fell 1.2 percent to...

  • SYDNEY, Sept 1- Australia's central bank kept interest rates at a record low on Tuesday in a widely expected decision ahead of GDP data that is likely to show economic growth shifted a gear lower in the second quarter. The Reserve Bank of Australia left the cash rate at 2.0 percent, where it has been since May. "In Australia, most of the available information suggests...

  • BOSTON— The newest classroom at Harvard's business school has no desks or chairs. Here, Harvard sought to create a live, online replica of its campus classrooms. At a recent test of the technology, alumni connected to the room from Thailand, New Zealand and the Philippines.

  • SHANGHAI, Sept 1- China's central bank plans to tighten rules on trading of currency forwards from October, sources with direct knowledge of the matter told Reuters, in a move to curb speculation and volatility after a shock devaluation of the currency last month. The People's Bank of China has repeatedly intervened to stabilize the yuan since the Aug. 11...

  • WASHINGTON— Hillary Rodham Clinton and her aides at the State Department were acutely aware of the need to protect sensitive information when discussing international affairs over email and other forms of unsecure electronic communication, according to the latest batch of messages released by the agency from Clinton's tenure as secretary of state.

  • SHANGHAI, Sept 1- China's yuan firmed on Tuesday as state-owned banks were suspected of selling dollars at the central banks behest, and sources told Reuters that authorities were preparing to tighten rules on forwards trading to deter speculation against the yuan, traders said. "Some state-owned banks still bought yuan in the morning trade," said a trader at a...

  • The oil tank cars- a year ago sought-after to haul crude from North Dakota to New Jersey- now stand idle as a result of two converging trends: the reversal in U.S. shale oil production and the completion of new pipelines. Big rail lines, such as Berkshire Hathaway- owned BNSF Railways or Union Pacific are losing what used to be their fastest-growing source of new...

  • NEW YORK, Sept 1- For most people saving for retirement, buying a non-tradeable real estate investment trust that charges fees and commissions of 11 percent or more doesn't sound like a good deal. Many brokers are fuming over a proposed U.S. Department of Labor rule that would block them from selling any investment into a retirement account in return for a...

  • *China manufacturing data contracts at the fastest pace in 3 yrs. SHANGHAI, Sept 1- Chinese stocks gyrated wildly 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. Hong Kong stocks also fell, weighed down by weak retail sales data, and...

  • SINGAPORE/ TOKYO, Sept 1- The yen and euro edged higher on Tuesday as falls in Asian equities kept the focus on whether investors would need to further unwind carry trades, bets in risk assets funded by low-yielding currencies. The dollar fell 0.3 percent to 120.86 yen, having retreated from its recent peak of 121.76 yen set late last week. In the stock market, MSCI's...

  • The index, compiled by the Chinese Federation for Logistics and Purchasing, is based on a 100- point scale on which numbers above 50 indicate expansion. Caixin's survey focuses on smaller, private enterprises while the federation's survey is weighted toward larger, state-owned companies in China's manufacturing industry, which employs tens of millions.

  • LAUNCESTON, Australia, Sept 1- China's various purchasing managers' indexes gather significant attention as indicators of the health of the world's second-biggest economy, but they are less useful as a predictor of commodity imports. The drop below the 50- level that separates expansion from contraction will be viewed as another sign that China is...

  • PUNTO FIJO, Venezuela, Aug 31- A gas treatment plant of PDVSA on the western coast of Venezuela was hit by an explosion on Monday evening though there were no injuries, the state oil company said. The plant, located in the Tiguadare sector of Punto Fijo, in the state of Falcon, processes gas extracted from the Cardon IV block, a field in the vast Perla reservoir, operated...

  • RIO DE JANEIRO, Sept 1- Brazil's state-led oil company Petrobras said late Monday that it would raise the wholesale price of liquefied petroleum gas by 15 percent effective Tuesday, the first price adjustment for the essential cooking gas in 13 years. The increase also comes as Brazil's government struggles to cut spending, hold down inflation and restart an...

  • TOKYO, Sept 1- Japanese firms spent less on plant and equipment in April-June than in the previous quarter despite reaping record profits, a sign premier Shinzo Abe's stimulus policies have failed to spur new investment key to ending nearly two decades of deflation. Fears of a sharp slowdown in China and the recent market sell-off may further dampen companies'...

  • BEIJING, Sept 1- China's central bank said on Tuesday it made 60.4 billion yuan in loans to China Development Bank, a major policy bank, in August via its pledged supplementary lending policy tool. The interest rate on the PSL was at 2.85 percent, the central bank said in a statement on its website. Outstanding pledged supplementary lending stood at 906.8 billion...

  • *Sees risk of a bigger fallout from China on Europe. TOKYO, Sept 1- Japanese Finance Minister Taro Aso said on Tuesday it would be beneficial for this week's meeting of the Group of 20 major economies to discuss what is going on in China's economy. China is Japan's biggest trading partner.

  • BEIJING, Sept 1- China's central bank said on Tuesday it had extended 110 billion yuan of loans to 14 financial institutions under a medium-term lending facility in August. The new loans, with a maturity of six months at an interest rate of 3.35 percent, are intended to ensure liquidity in the banking system. The total outstanding amount of such lending facility...