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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.
STANLEY FISCHER: These 7 charts give me 'good reason to believe' ...  The Patriot Ledger
Fed, ECB, BOE Officials All Say They See Inflation Rising  Bloomberg
The Guardian  
Eni Reports Natural Gas Discovery off Egyptian Coast
Milan— Eni E -0.49 % SpA said Sunday it made a massive natural-gas discovery off the coast of Egypt in what the Italian oil-and-gas company is calling the largest-ever find in the Mediterranean Sea.
UPDATE 2-Italy's Eni makes mega gas discovery off Egyptian coast  Reuters
Italy's Eni finds huge gas field off Egypt  Fox News Latino
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's Berkshire Hathaway builds $4.5 bn stake in refiner ...  Financial Express
Warren Buffett vs. the greens  Politico
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.
Australia as China's Canary Means World Watching RBA Heartbeat  Bloomberg
China fears linger as focus on Fed sharpens  gulfnews.com
Chinese Stocks move up further on unexpected strength shown by US economy
The main stock index in China surged by 5.3% on Thursday and that was the biggest gain for the index in weeks. Other markets across Asia too advanced following cues from Wall Street and investors got some relief after colossal global losses.
US stocks edge down in midday trading after 2-day surge  Dispatch Times
Stocks jump further as US economy shows unexpected strength  Rapid News Network
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.
Volkswagen Ordered to Sell 19.9% Suzuki Stake  Fox Business
VW Ordered to Sell $3.8 Billion Suzuki Stake as Tie-Up Ends  Bloomberg
3 Reasons You Should Be Paying Attention To India's Renewable Energy Market
If you search Google for “clean tech” or “clean energy,” you're almost guaranteed to find an article about India. Every week, there's news about the country's ambitious renewable energy efforts and the hurdles it must overcome to reduce its carbon ...
Punjab attracts Rs 3500-cr investments for solar projects  Zee News
Renewable Energy Doing So Well That Subsidies Could End: Energy Secretary Moniz  Green Car Reports
Watch Boeing's Laser Shoot a Drone Out of the Sky
"Watch the silent, invisible laser suddenly ignite the vehicle." No, that's not the opening line of a summer sci-fi blockbluster.
Boeing creates laser cannon to blast drones from the sky  Examiner.com
Watch Boeing's Portable Laser System Knock Drones Out of the Sky  NBCNews.com
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 CEO touts positives of cheap oil as lender wraps week of bank ...  mysask.com
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