International Monetary Fund Managing Director Christine Lagarde said the global expansion outlook is worse than the lender anticipated less than two months ago, with advanced and Asian economies growing more slowly than expected.
... * China official PMI at 3-year low; Markit reading at 6-1/2 yr low. * China services sector growing, but at slower pace. * European factory growth rates weakened in August.
Asian shares started a global selloff after a gauge of Chinese manufacturing fell to a three-year low. European stocks followed after data pointed to weaker growth in the region, and the slump spread to the U.S.
(Writes through). MOSCOW, Sept 1 (Reuters) - Russia will not deliberately cut oil production to prop up prices, however its output may decline if prices remain low, local news agencies quoted Deputy Prime Minister Arkady Dvorkovich as saying on Tuesday.
Marissa Mayer is expecting identical twin girls! The Yahoo CEO, 40, shared the happy news on her Tumblr Monday night, writing that the "twins part was quite a surprise, because I have no family history of twins or any other predisposing factors.