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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
Doubts about China's ability to manage a tough economic transition sap ...  Ottawa Citizen
REFILE-GLOBAL ECONOMY WEEKAHEAD-China fears linger as focus on Fed sharpens
(Refiles to fix typographical errors in headline and 1st 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.
UPDATE 2-Italy's Eni makes mega gas discovery off Egyptian coast  Reuters
Eni discovers biggest gas field in Mediterranean off Egypt  The Australian Financial Review
Buffett Back In Refiner Phillips 66 With $4.5 Billion Stake
Mega-conglomerate Berkshire Hathaway reported an almost $4.5 billion stake in Houston-based refiner Phillps 66 on Friday, as Warren Buffett's firm boosts its holdings in the energy sector.
Investor Warren Buffett is Turns 85, But Isn't Slowing Down  1011now
Warren Buffett buys into oil refiner Phillips 66  The Australian
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)
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 ...
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
General Mills sets ambitious goal for greenhouse gas cuts _ from farm to fork ...
Scott Eells/Bloomberg General Mills Inc. brand cereals are displayed for a photograph in New York, U.S., on Monday, June 25, 2012.
General Mills sets ambitious goal for greenhouse gas cuts  New Zealand Herald