TOP STORIES 
 
STOCKS TUMBLE ON WEAK CHINESE DATA 

U.S. stocks tumbled at the open Tuesday after weak manufacturing data in China fueled global investors' worries about the world's second-largest economy.

U.S. AUTO SALES MAINTAIN PACE DESPITE CALENDAR QUIRK 

Auto makers Fiat Chrysler and Ford beat a quirk in the calendar by posting year-over-year August sales increases, underscoring the continuing strength of the car consumer. GM sales were slightly lower but beat expectations.

LAGARDE SAYS VOLATILITY PUTS ASIA'S GROWTH AT RISK 

Speaking in Indonesia, the IMF's managing director said the pace of growth in Asia was slower than expected.

EUROZONE JOBLESS RATE FALLS 

The eurozone's jobless rate fell to its lowest since early 2012 during July, driven by big falls in the number of people without work in Italy and Spain.

PENSION FUNDS OPPOSE COMBINED BOFA CHAIRMAN, CEO ROLES 

Two major public pension funds joined the drive for Bank of America Corp. shareholders to oppose a corporate bylaw change that lets Brian Moynihan serve as both chief executive and chairman.

DOLLAR TREE SWINGS TO A LOSS 

Dollar Tree swung to a loss in its latest quarter, though sales jumped, as the discount retailer integrates its recently-acquired rival.

LVMH APPOINTS KEY APPLE EXECUTIVE 

LVMH Moë t Hennessy Louis Vuitton has recruited Ian Rogers, a key executive from Apple, to spearhead the expansion of the luxury goods giant's online retailing presence.

GREEK POLLS SUGGEST TOUGH ELECTION TEST FOR TSIPRAS 

Opinion polls show support for Greece's left-wing Syriza party and its leader, Alexis Tsipras, crumbling. But Syriza retains a lead over its opponents and the Sept. 20 election could be tight.

PORTUGUESE CENTRAL BANK ENDS TALKS WITH ANBANG OVER NOVO BANCO SALE 

Portugal's central bank will now enter talks with another bidder for the Portuguese bank created out of failed lender Banco Espí rito Santo last year.

MARISSA MAYER EXPECTING TWINS 

Yahoo Chief Executive Marissa Mayer is expecting twin girls and expects to take "limited time away," the CEO announced via a blog posting.

CANADA'S SECOND-QUARTER GDP DECLINES 

Canada's economic output fell in the second quarter on a sharp drop in business investment and inventory accumulation.

ETSY FACES PRESSURE TO ABANDON IRISH TAX STRATEGY 

Americans for Tax Fairness, a progressive advocacy group, is pressing Etsy, the online crafts marketplace, to abandon a strategy that uses an Irish subsidiary to minimize taxes it owes to Uncle Sam.

CHINESE COMPANY SET TO BUY 10 ULTRALARGE SHIPS FOR $1.5 BILLION 

Order expected to exacerbate an estimated 30% excess capacity in shipping route between Asia and Europe.

CHINA SETS NEW RULES ON YUAN FORWARD TRADING 

Banks buying and selling yuan currency forwards for clients will have to deposit 20% of sales at China's central bank, to prevent "macro financial risks."

CHINA'S BOND-RATING FIRMS DOLE OUT DOWNGRADES 

China's bond-ratings firms downgraded a record number of companies as the stock market tumbled earlier this summer, though trading in the bonds dried up right after the downgrades, limiting their price declines.

JAPAN CAPITAL INVESTMENT FALLS 2.7% 

Japanese capital investment fell 2.7% from the previous quarter in the three months through June.

HUNGARY CLEARS MIGRANTS FROM TRAIN STATION 

Authorities on Tuesday cleared hundreds of people from the country's main international railway station, prompting noisy protests by migrants who have crowded the building in a push to get to Austria and Germany.

NASDAQ TO SELL SURVEILLANCE TECHNOLOGY TO CHINA 

Nasdaq OMX Group will supply market-surveillance technology to a Chinese securities exchange and some mainland financial firms, as Beijing steps up scrutiny of its financial industry.

WTO PANEL RULES AGAINST INDIA'S SOLAR PROGRAM 

A World Trade Organization panel has ruled that India's federal solar program violates global trade rules by imposing local-purchase requirements for solar cells and modules.

GAZPROM POSTS 29% NET PROFIT GROWTH 

Russian state gas giant PAO Gazprom said net profit for the second quarter was up 29% from the same period last year as a higher ruble price made up for lower sale volumes in its most-lucrative European market.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Foreign Exchange 
LOWER YUAN KEEPS HONG KONG MONEY-CHANGERS BUSY 
 

Fears that things will worsen in China are a boon for the Hong Kong money-changers, bankers and wealth managers getting flooded with business from nervous Chinese eager to get their cash overseas.

 
Washwire Blog 
CANDIDATES GET PUSHED FROM THE POLITICAL CENTER 
 

One of the problems in the way America picks its president lies in this disconnect: Most Americans live somewhere in the political center, but presidential campaigns tend to push candidates away from the center.

(END) Dow Jones Newswires

September 01, 2015 10:02 ET (14:02 GMT)

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