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UPDATE 1-Indian construction slowdown hits Modi's jobs promise

NOIDA, India, Aug 26- After a decade labouring on building sites around New Delhi, Akhilesh Kumar lost his scaffolding job last month when his employer halted work on an array of 30 residential towers. He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the reality in Asia's third-largest...
Source: Reuters | By: Tommy Wilkes and Manoj Kumar
Indian construction slowdown hits Modi's jobs promise

He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the ground reality in Asia's third-largest economy is far from as rosy as official data suggests. The deepening downturn in India's crucial building sector makes it easily understandable why Prime Minister Narendra Modi's image as the...
Source: Reuters | By: Tommy Wilkes and Manoj Kumar
Are stocks on sale?  

We're having a fifty-percent off sale on some stocks, says former Wells Fargo CEO Dick Kovacevich, talking about buying opportunities in the markets.
Source: CNBC.com
Betfair and Paddy Power set for $7.8 bln tie up

Betfair and Irish rival Paddy Power have agreed on a £5 billion ($7.85 billion) merger to claim leadership of Britain's online gambling market.
Source: Reuters
UPDATE 2-Gambling firms Betfair and Paddy Power set for $7.8 bln tie up

*Paddy Power agrees merger with betting exchange Betfair. DUBLIN/ LONDON, Aug 26- Betfair and Irish rival Paddy Power have agreed in principle on a 5 billion pound merger to stake a claim to leadership of the online gambling market in Britain. "We fundamentally believe this industry is all about scale," said Betfair Chief Executive and ex- Paddy Power Chief Operating...
Source: Reuters | By: Neil Maidment and Padraic Halpin
UPDATE 1-Gambling firms Betfair and Paddy Power in 5 bln stg merger talks

LONDON, Aug 26- Online gambling company Betfair and Irish rival Paddy Power said on Wednesday they had reached an agreement in principle on a 5 billion pound merger, marking the latest in a string of deals in the sector. Under the terms, Paddy Power shareholders would own 52 per cent of the group with Betfair shareholders owning the rest. Betfair Chief Executive...
Source: Reuters
Dow, S&P, Nasdaq begin healing  

The FMHR traders provide perspective on the market's small move higher.
Source: CNBC.com
If Fed delays rate hike, the reason matters: Pro  

If the Fed postpones the interest-rate hike, the reason will be key as it could spell either good or bad news for Asia, says Rob Subbaraman, chief economist, Asia ex-Japan at Nomura.
Source: CNBC.com
The volatility playbook  

Prepare for more volatility, explains Charlie Bilello, Pension Partners.
Source: CNBC.com
Nikkei tumbles to 5-1/2-month low as China woes roil markets

TOKYO, Aug 24- Japanese stocks tumbled to a 5-1/ 2- month low on Monday morning on a broad sell-off triggered by China growth fears, hitting cyclical stocks hard, including the likes of Toyota Motor Corp and Hitachi Ltd. Nervousness about a China- led global economic downturn sent the Nikkei down for a fifth day, off 2.7 percent to 18,903.53 in mid-morning trade, the...
Source: Reuters | By: Ayai Tomisawa