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U.S. markets news

Fischer flags rebound in US inflation
Stanley Fischer, the Federal Reserve's vice-chairman, struck an optimistic note about US inflation on Saturday, telling his fellow central bankers that there was good reason to expect price growth to head back to target.
Jobs report could prevent rate hike — but unlikely to ensure one  MarketWatch
Fed's Fischer sees inflation rebound, allowing gradual rate hikes  The Hindu
The Australian  
3 reasons markets lost faith in China's economy, at a glance
For decades, Chinese economic policymakers have drawn praise for keeping their economy growing strongly through turbulence, such as the Asian financial crisis of 1997-1998 and the worldwide financial tumult of 2008.
China's Stock Bubble Burst Is Only Half Done  Forbes
China's problem is the economy itself, not the market sell-off  Financial Times
Natural gas discovery could be largest ever
In what could be the largest natural gas discovery in history, Italian energy company Eni says it has unearthed a "supergiant" gas field in the Mediterranean Sea covering about 40 square miles.
Eni Reports Natural Gas Discovery off Egyptian Coast  Wall Street Journal
Italy's Eni finds 'supergiant' natural gas field off Egypt  Chron.com
When the wells run dry: California drought forcing some families to live in ...
July 2, 2015: Rancher Steve Drumright looks toward his cattle, grazing on a barren hillside in Tulare County, outside of Porterville, Calif.
AP PHOTOS: Neighbors Fill Buckets, Pray for Rain in Drought  New York Times
Warren Buffett vs. the greens
LAS VEGAS - Another billionaire is angering environmentalists these days: Democratic hero Warren Buffett. For Democrats, the world's third-richest person is a champion who has advocated higher taxes for millionaires and donated money to put Hillary ...
Warren Buffett's Berkshire grabs large stake in Phillips 66  NYC Today
Berkshire Hathaway Inc Buys 3175041 Shares of Phillips 66 Stock (PSX)  Watch List News
Third Point's Loeb says Suzuki should cancel shares it buys back from VW
TOKYO Aug 31 U.S. activist investor Daniel Loeb said Suzuki Motor Corp should cancel the shares it plans to buy back from Volkswagen AG, not issue equity or convertible shares.
VW and Suzuki settle four-year dispute  BBC News
Volkswagen forced to sell €3.4bn Suzuki stake  Irish Times
Punjab attracts Rs 3500-crore investments for solar projects
CHANDIGARH: Punjab government today said it has received bids from as many as 18 companies for setting up solar projects in the state which will attract investment of Rs 3,500 crore.
Obama vs Fossil Fuels  Rapid News Network
Renewable Energy Doing So Well That Subsidies Could End: Energy Secretary Moniz  Green Car Reports
General Mills sets ambitious goal for greenhouse gas cuts
General Mills will invest more than $100 million in energy efficiency and clean energy within its own facilities worldwide, and partner with suppliers to foster more sustainable agricultural practices.
General Mills sets ambitious goal for greenhouse gas cuts _ from farm to ...  Fox Business
UPDATE 3-Scotiabank energy-sector bad loans climb; profit tops estimates
(Adds CFO comments, updates shares). By John Tilak. TORONTO Aug 28 (Reuters) - 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.
Scotiabank sees gains in international operations profit  The Globe and Mail (subscription)
Scotiabank CEO touts positives of cheap oil as lender wraps week of bank ...  mysask.com
Sales of unearthed Atari games total more than $100000
In this April 26, 2014 file photo, film director Zak Penn shows a box of a decades-old Atari "E.T. the Extra-Terrestrial" game found in a dumpsite in Alamogordo, N.M.
Sales of buried Atari games sell for $100000  Kuwait Times