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RPT-GLOBAL ECONOMY-China manufacturing contracts, euro zone and U.S. slows

(Repeats to add headline tag, no change to text) * China official PMI at 3-year low; Markit reading at 6-1/2 yr low * China services sector growing, but at slower pace * European and U.S. factory growth weakened in August LONDON, Sept 1 (Reuters) - China's giant manufacturing industry contracted and euro zone and U.S. growth eased in August in data published on Tuesday, while the International ...
Source: Reuters | By: Jonathan Cable
WRAPUP 3-China manufacturing contracts, euro zone and U.S. slows

* China official PMI at 3-year low; Markit reading at 6-1/2 yr low * China services sector growing, but at slower pace * European and U.S. factory growth weakened in August LONDON, Sept 1 (Reuters) - China's giant manufacturing industry contracted and euro zone and U.S. growth eased in August in data published on Tuesday, while the International Monetary Fund cut its forecast for world growth ...
Source: Reuters | By: Jonathan Cable
China data suggest economy heading for hard landing

Activity in China's factory sector shrank at its fastest rate in at least three years in August as domestic and export orders tumbled, increasing investors' fears that the world's second-largest economy may be lurching toward a hard landing. Even more worrying, China's services sector, which has been one of the lone bright spots in the sputtering economy, also showed signs of cooling, a ...
Source: Reuters
GLOBAL ECONOMY-China, euro zone weaken despite world awash with cash

* China official PMI at 3-year low; Markit reading at 6-1/2 yr low * China services sector growing, but at slower pace * European factory growth rates weakened in August LONDON/BEIJING, Sept 1 (Reuters) - China's giant manufacturing industry contracted while British and euro zone growth eased in August, rattling markets and reinforcing expectations interest rates may fall again or stay near ...
Source: Reuters | By: Jonathan Cable and Winni Zhou
CORRECTED-UPDATE 4-Oil prices drop 3 pct as investors retreat from overnight gains

gains@ (Corrects to remove erroneous 'covering short positions' from first paragraph) * Prices fall nearly $2 a barrel in early trading * World still over-supplied with oil - Morgan Stanley report * China manufacturing contracted at fastest pace in three years - official PMI data SINGAPORE, Sept 1 (Reuters) - Oil prices fell around 3 percent in Asian trade on Tuesday, with investors taking ...
Source: Reuters | By: Keith Wallis
GLOBAL ECONOMY-China manufacturing contracts, Korea exports slump as Asia's woes deepen

woes deepen@ * China official PMI at 3-year low; Markit reading at 6-1/2 yr low * China services sector growing, but at slower pace * South Korean exports drop 14.7 pct yr/yr * Japan wants China economy on G20 agenda * Australian central bank holds rates at record low BEIJING/SEOUL, Sept 1 (Reuters) - China's giant manufacturing sector contracted and exports from South Korea tumbled by the ...
Source: Reuters | By: Winni Zhou and Christine Kim
WRAPUP 1-Weak China Aug factory, services point to further economic slowdown

* Weakness in China factories, services add to hard landing fears * Official and private surveys show conditions deteriorating * Domestic, export orders shrink further * Gov't growth target at risk, more stimulus measures expected (Adds economists' and markets' reaction, analysis) BEIJING/SHANGHAI, Sept 1 (Reuters) - Activity in China's factory sector shrank at its fastest rate in at least ...
Source: Reuters | By: Winni Zhou and Sue-Lin Wong
Three reasons why investors remain confident on India

A shining star among emerging markets, Asia's third-largest economy is losing momentum but economists remain nonplussed, flagging catalysts that could see growth top 8 percent in coming years. India's gross domestic product (GDP) grew 7 percent on-year in the April-June quarter, versus a 7.5 percent gain in the first three months of the year, dragged down by weak net exports. "While the ...
Source: CNBC.com | By: Nyshka Chandran
UPDATE 1-Oil prices drop 3 pct as investors retreat from overnight gains

* Prices fall nearly $2 a barrel in early trading * World still over-supplied with oil - Morgan Stanley report * China manufacturing contracted at fastest pace in three years - official PMI data (Adds comment, updates prices) SINGAPORE, Sept 1 (Reuters) - Oil prices fell 3 percent in Asian trade on Tuesday, with investors covering short positions and taking profits after Brent and U.S. crude ...
Source: Reuters | By: Keith Wallis
UPDATE 2-S.Korea Aug exports fall most in 6 yrs, raises rate cut prospect

* Aug exports -14.7 pct y/y (Reuters poll -10.0 pct) * Aug CPI +0.7 pct y/y (Reuters poll +0.7 pct) * Some investment banks cut GDP views, call for rate cut * Exports hobbled by China, Korea's biggest market (Updates throughout) SEOUL, Sept 1 (Reuters) - South Korean exports posted their worst fall in six years in August as global demand wobbled, prompting some investment banks to trim this ...
Source: Reuters | By: Christine Kim