German retail sales rebound in July BERLIN, Aug 31- German retail sales rose month-on-month at their strongest pace in nine months in July, reinforcing expectations that private consumption will support growth in Europe's largest economy this year. The 1.4 percent increase, measured in real terms, was above a Reuters consensus forecast for a rise of 1.0 percent and the biggest monthly increase...
Asian imports of Iran oil fall slightly in July Imports by Iran's four biggest buyers- China, India, Japan and South Korea- totalled just over 1 million barrels per day last month, down 1.3 percent from a year earlier, government and tanker-tracking data showed. Under the accord reached in Vienna on July 14, Iran will be subject to longer-term restrictions on its nuclear programme in return for the removal of U.S.,...
| By: Aaron Sheldrick
Dollar sags, on track for monthly loss The dollar began the week under pressure on Monday, on track for monthly losses but off recent lows as investors kept alive hopes that the U.S. Federal Reserve would raise interest rates as early as next month.
FOREX-Dollar sags vs yen and euro, on track for monthly loss TOKYO/ SINGAPORE, Aug 31- The dollar began the week under pressure on Monday, on track for monthly losses but off recent lows as investors kept alive hopes that the U.S. But it was well above a seven-month low of 92.621 plumbed a week ago as fears of a sharp economic slowdown in China sent global equities markets plunging. The euro rose 0.6 percent to $1.1249, below last...
| By: Lisa Twaronite and Masayuki Kitano
Asian stocks fall after Fed suggests Sept rate hike possible BEIJING- Asian stocks fell Monday after a U.S. Sydney's S&P/ASX 200 lost 0.9 percent to 5,213.50 and Hong Kong's Hang Seng retreated 0.3 percent to 21,539.59. Seoul's Kospi was off 0.3 percent at 1,931.49 and Singapore also fell.
Source: The Associated Press
| By: By JOE McDONALD, AP Business Writer
Taiwan stocks down, tracking global markets TAIPEI, Aug 31- Taiwan stocks fell on Monday along with other regional markets as investors braced for more China and U.S. economic data later in the week and fretted over when the Federal Reserve will begin raising interest rates. Fed officials have been giving mixed signals about whether they would raise rates as early as next month, and some investors fear that...
Why China won't prop up its market any more China's government has decided to abandon attempts to boost the stock market through large-scale share purchases, the Financial Times reports.
Source: Financial Times
| By: Jamil Anderlini
Doubts about China's economic leadership sap confidence The Dow Jones industrial average has lost nearly 1,000 points since China's surprise move to devalue its currency Aug. 11. For all its woes, China still outruns every other major economy. For 2015, while the nearly healthy U.S. economy will expand perhaps 2.5 percent, even most pessimistic analysts predict that China's will grow at least 5 percent.
Source: The Associated Press
| By: By PAUL WISEMAN, AP Economics Writer