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U.S. markets news

Yahoo CEO Marissa Mayer Expecting Twin Girls
Yahoo Inc. Chief Executive Marissa Mayer is expecting twins, Mayer announced via her blog Tuesday. “Since my pregnancy has been healthy and uncomplicated and since this is a unique time in Yahoo's transformation,” Ms. Mayer wrote, “I plan to approach ...
UPDATE 2-Yahoo CEO Marissa Mayer says expecting twin girls  Reuters
Yahoo chief Mayer says she's pregnant with twins  Washington Post
BBC News  
Euro-Area Joblessness Falls to Lowest Level Since Early 2012
Unemployment in the euro area unexpectedly declined to its lowest level in more than 3 years, signaling the region's recovery is gaining pace even as dark clouds from China draw on the horizon.
Italy's unemployment rate hits lowest level in two years  Financial Times
Eurozone Jobless Rate Falls to Its Lowest Since Early 2012  Wall Street Journal
IMF's Lagarde sees weaker-than-expected global economic growth
JAKARTA, Sept 1 Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations.
IMF chief warns of slower growth after China shockwaves  The Guardian
Emerging economies must be vigilant over China slowdown: IMF chief Christine ...  Economic Times
China, euro zone weaken despite world awash with cash
LONDON/BEIJING China's giant manufacturing industry contracted while British and euro zone growth eased in August, rattling markets and reinforcing expectations interest rates may fall again or stay near zero for longer.
Fears over sterling and China hit UK manufacturing  Financial Times
Pound stumbles as UK manufacturing lurches towards stagnation  Telegraph.co.uk
Oil prices fall after climbing to near $50
Oil prices continued on their roller coaster ride Tuesday, as weak Chinese manufacturing data sent prices lower. A 2% decline comes after prices soared higher to close Monday above $49 a barrel -- a nearly 30% rise in three days.
Russia, Venezuela to Discuss Stabilizing Oil — Energy Journal  Wall Street Journal (blog)
Oil's Strongest Rally in 25 Years Stalls as OPEC Action Doubted  Bloomberg
European shares hit again by Chinese manufacturing data
... * FTSEurofirst 300 drops 2.1 pct. * Basic resources stocks are top sectoral losers. * DAX underperforms despite stronger German data.
World markets drop after bleak Chinese report  CBS News
Don't Confuse China's Slowing Economy With Its Plunging Stock Market  Wall Street Journal
PayPal makes money transfers more personal
A new effort by the digital payments service called PayPal.me lets users send and receive payments by sharing a link. PayPal is debuting a new way for users to send money to others and receive it.
PayPal's Small Business Lending "Accelerating" On The Way To ...  Forbes
PayPal.me makes it easier to request money from your friends  The Verge
Valeant to Work on Psoriasis With Astra After Amgen Bows Out
AstraZeneca Plc said Valeant Pharmaceuticals International Inc. agreed to buy the commercial rights to brodalumab, picking up the collaboration on the psoriasis treatment after Amgen Inc. dropped out in May.
UK shares head for worst one-day fall in over a week  Reuters UK
FTSE 100 falls, as weak China data weighs on miners  MarketWatch
China Presses Macau Revamp as Gambling Revenue Plunges
As gambling revenue continues to plummet in Macau, China is trying to force the world's casino capital to do something that's never been done before: recreate Las Vegas's business model in Asia.
Macau's economy  The Economist (blog)
Crown under pressure as gamblers flee Macau  The Australian Financial Review
China's Long-term Economic Forecast: Good But Not Recession-Proof
Wisdom about China comes from EconLog's Scott Summner: Think of Mao's economic policies as a regime capable of producing real GDP per capita equal to 1/20th the global economic frontier (which might have been the US or Switzerland.
June quarter GDP at 7%: India is still fastest growing but numbers reveal ...  Firstpost
India's economy is growing at 7%—but it's not good enough  Quartz