GLOBAL MARKETS-Wild week for markets ends quietly *China central bank injects liquidity into market. NEW YORK, Aug 28- A volatile ride for global markets this week ended calmly on Friday even as lingering worries over Chinese economic growth and the Federal Reserve's plans to raise interest rates weighed on stocks, but oil rebounded sharply for a second day. U.S. crude jumped more than 6 percent as a rally in...
| By: Herbert Lash
FOREX-Dollar gains as Fed officials keep door open for Sept hike NEW YORK, Aug 28- The dollar rose to one-week highs on Friday for a fourth straight session of gains after some Federal Reserve officials did not rule out an interest rate hike next month despite this week's market meltdown. The index extended gains after Federal Reserve Vice Chair Stanley Fischer said the U.S. central bank can't wait for the case on hiking...
| By: Gertrude Chavez-Dreyfuss
US STOCKS-Wall Street a little lower in calm after the storm Aug 28- Wall Street was moderately lower on Friday afternoon after comments by a top Federal Reserve official suggested that a September rate rise was more likely than some investors expected. Many on Wall Street have hoped the recent global market turbulence and worries about China's economy would lead the Fed to hold off raising rates, an expectation...
| By: Noel Randewich
UPDATE 3-Scotiabank energy-sector bad loans climb; profit tops estimates TORONTO, Aug 28- Bank of Nova Scotia, which reported a quarterly profit that beat market expectations on Friday, said bad loans in the energy sector climbed as the oil price selloff took a toll. Shares of Scotiabank, Canada's third-largest bank, were down nearly 1 percent in mid-afternoon trading. "It seems to me that it's going to be a tough year ahead for Bank of Nova...
| By: John Tilak
PRECIOUS-Gold rises on technical dealings but posts worst week in a month *Gold down 2.3 pct for the week. *Palladium posts largest two-day gain since 2008. NEW YORK/ LONDON, Aug 28- Gold rose on Friday as technical indicators and suggestions the U.S. central bank may delay a rate rise provided support, but the metal was still on track to post its biggest weekly drop in five weeks amid dollar strength and strong U.S. economic data.
| By: Luc Cohen and Clara Denina
Business events scheduled for the coming month 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..
Source: The Associated Press
| By: By The Associated Press
WRAPUP 1-Fed hawks acknowledge market turmoil may delay rate hike JACKSON HOLE, Wyo., Aug 28- Federal Reserve officials who are most anxious to hike interest rates said on Friday that continued turmoil in financial markets may cause the central bank to delay tightening monetary policy beyond next month, even though the U.S. economy remains strong. Louis Fed President James Bullard told Reuters he still favored hiking rates at...
| By: Jonathan Spicer and Howard Schneider