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U.S. markets news

Oil markets extend gains after biggest daily climb in six years
SEOUL Crude oil futures rose on Friday in Asian trading, adding to their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies.
Oil Extends Gains as Markets Stage Recovery  Wall Street Journal
Oil markets extend gains after biggest daily climb in 6 years  Financial Express
Livemint  
UPDATE 5-Schlumberger to buy oilfield gear maker Cameron in $14.8 bln deal
... * Offer values Cameron at $66.36 per share, or $12.74 bln. * Combined company pro-forma 2014 revenue would be $59 bln. * Deal should allow Schlumberger to grow market share-analyst.
Schlumberger buys US firm in $US12.7b deal  The Australian (blog)
Japan inflation stalls and spending slides, keeps policymakers under pressure
TOKYO Japan's consumer inflation ground to a halt for the first time in more than two years and household spending unexpectedly fell in July, heightening pressure on policymakers to offer fresh fiscal and monetary support to underpin a fragile recovery.
Abenomics Starting to Look Like a Failure  Bloomberg
Japan inflation stalls and spending slides, keeps BOJ under pressure | Reuters  Firstpost
China's market missteps are tripping up others
Not long ago, global markets were fixated on a nation in the throes of financial upheaval. Its equities markets were crumbling, its debts sky-high.
China's Yuan Advances Most Since April as PBOC Boosts Fixing  Bloomberg
Chinese bank official blames Fed, not yuan, for global market rout  The Globe and Mail
Report: Pakistan on Pace to Become Third-Largest Nuclear Power
Pakistan is building 20 nuclear bombs a year and could become the world's third-largest nuclear power within a decade, according to a new report.
Report on weapons: 'Pakistan outpacing India in nuclear race'  The Express Tribune
Only talks on terror a recipe for failure: Think-tank  Economic Times
Californians cut water without state imposing fines
Aug. 24, 2015: This photo shows the lake bed where water has dried due to the drought at Big Bear Lake, Calif. (AP Photo/Nick Ut).
California Beats Water Conservation Goal for 2nd Straight Month  New York Times
US Watch  Wall Street Journal
Canadian Banks Beat Profit Forecasts
Canada's biggest banks posted higher profits in the fiscal third quarter, surpassing expectations and sidestepping the effects of a stumbling Canadian economy.
Big Six banks defy pessimists amid glut of economic uncertainty  The Globe and Mail (subscription)
WRAPUP 1-Canadian banks TD, CIBC quarterly profits top expectations  Reuters
Icahn targets struggling miner Freeport-McMoran with 8.5 pct stake
Aug 27 Activist investor Carl Icahn disclosed an 8.5 percent stake in miner Freeport-McMoran Inc, saying the company was undervalued and needed to address several corporate governance and capital issues.
Icahn discloses stake in Freeport-McMoRan  STLtoday.com
Carl Icahn Takes Stake in Freeport-McMoran  Fox Business
TCS announces $35 million donation to Carnegie Mellon University
Tata Consultancy Services announced a $35 million gift from TCS to Carnegie Mellon University, marking a new era of partnerships between leaders of Industry and academia.
Carnegie Mellon University receives $35 Million gift from TCS  Kerala IT News
Indian corporation gives $35 million to Carnegie Mellon  LancasterOnline
UK solar panel industry dismayed as subsidies face deep cuts
The solar panel revolution that has enabled more than half a million UK households to sell electricity into the power grid was dealt a heavy blow on Thursday by government plans to slash subsidies for homeowners and small businesses.
U.K. to End Small-Scale Renewables Aid in Blow to Solar  Bloomberg
Slashing household solar subsides will kill off industry, government told  The Guardian