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U.S. markets news

No basis for continued depreciation of the yuan, says Chinese Premier Li Keqiang
BEIJING: Chinese Premier Li Keqiang said there was no basis for a continued depreciation of the yuan after the central bank allowed the currency to devalue 2.8% this month.
3 reasons markets lost faith in China's economy, at a glance  Washington Post
China's economy operating within appropriate range: Premier  Xinhua
REFILE-GLOBAL ECONOMY WEEKAHEAD-China fears linger as focus on Fed sharpens
(Refiles to fix typo in headline and remove extraneous word in first paragraph). * China stays in focus after tumultuous week. * Investors ponder when Fed will start tightening.
Inflation rears its head at summit  New Zealand Herald
US rate hike remains on the table  Sky News Australia
Eni Finds Biggest Gas Field in Mediterranean Off Egyptian Coast
Eni SpA discovered a “super giant” natural gas field offshore Egypt in what the Italian oil company said is the largest find in the Mediterranean Sea.
Eni discovers biggest gas field in Mediterranean off Egypt  The Australian Financial Review
UPDATE 2-Italy's Eni makes mega gas discovery off Egyptian coast  Reuters
AP PHOTOS: Neighbors Fill Buckets, Pray for Rain in Drought
OKIEVILLE, Calif. - People living in this dusty neighborhood called Okieville at the heart of California's Central Valley know the harsh reality of drought.
California families cope in drought  The Detroit News
When the wells run dry: California neighbors cope in drought  CBS 8 San Diego
Warren Buffett buys into oil refiner Phillips 66
Billionaire investor Warren Buffett's company has amassed a stake worth nearly $US4.5 billion ($6.3bn) in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment.
Warren Buffett vs. the greens  Politico
Buffett Still Means Business At 85  WOWT
Suzuki plans to go it alone after ending four-year VW dispute
Suzuki, a specialist in inexpensive cars, is smaller than global rivals like Volkswagen, which sells about four times as many vehicles as its former Japanese partner.
Suzuki Motor says it will buy back VW stake as court settles feud  Reuters
Suzuki and VW speed away from failed tie-up  The Times (subscription)
Scotiabank sees gains in international operations profit
Concern about Bank of Nova Scotia's heavy exposure to struggling emerging market economies appeared to subside after the lender reported upbeat quarterly results that were driven in part by its international operations, where profit rose 11 per cent ...
Scotiabank CEO touts positives of cheap oil as lender wraps week of bank ...  mysask.com
China's problem is the economy itself, not the market sell-off
The stock market sell-off is not the problem. Yes, the Shanghai Composite Stock Index has dropped almost 40 per cent since its June peak, but the Chinese economy has rarely been upset by fluctuations of its financial markets.
Can the global gloom sink the U.S. economy?  CNNMoney
Europe doesn't properly recycle most of its electronic waste
You probably know that you should recycle your old tech when you're done with it, but getting other people to do the same? That's quite hard, apparently.
As Ghana law lags, new report says only a third of Europe's e-waste ...  Ghana Business News
Europe fails on electronics recycling goals  VentureBeat
Obama pushing for more clean energy choices for consumers
Sandoval joined Obama in the motorcade bound for the Mandalay Bay Convention Center, where the president spoke at the National Clean Energy Summit.
DECC plans new Feed-in Tariff cuts  Resource Magazine
Reductions in renewable energy incentives deal big blow to rural business  Staff Newsletter