TOP STORIES
MIXED JOBS REPORT SETS FED UP FOR CLOSE RATE CALL
U.S. employment growth slowed in August but the jobless rate
fell to the lowest level since 2008, a mixed labor-market reading
less than two weeks before a crucial Federal Reserve meeting.
STOCKS LOWER AFTER JOBS REPORT
U.S. stocks fell Friday following a jobs report that many
investors saw as strong enough for the Fed to possibly raise rates
this month.
G-20 INCREASINGLY CONCERNED ABOUT SLOWING CHINESE ECONOMY
China's market routs and a string of weak data are fueling
concern among Group of 20 officials that a slowing Chinese economy
could fuel further market instability and push global growth deeper
into a long-term rut.
RICHMOND FED'S LACKER: CASE FOR RATE INCREASE STRONG
The case for the Federal Reserve to raise short-term interest
rates this month is strong, Federal Reserve Bank of Richmond
President Jeffrey Lacker said, though he also said he had not
decided whether to support the U.S. central bank's first rate
increase in nearly a decade.
BLACKBERRY TO BUY GOOD TECHNOLOGY FOR $425 MILLION
BlackBerry said Friday it would buy closely held Good Technology
for $425 million, in a move to further bolster the Canadian
company's efforts to sell mobile security software to government
and corporate customers.
ALIBABA'S JACK MA, JOE TSAI TO BORROW $2 BILLION AGAINST SHARES
Chinese e-commerce giant's chairman and vice chairman, Jack Ma
and Joe Tsai, are planning to borrow more than $2 billion by using
their shares in the company as collateral.
JAPANESE BANKS EYE GE'S LOCAL COMMERCIAL FINANCE OPERATIONS
Some of Japan's biggest banks were among bidders for General
Electric Co.'s Japanese commercial finance business, which is
expected to fetch several billion dollars.
CANADA'S TOP COURT RULES IN FAVOR OF ECUADOR VILLAGERS IN CHEVRON CASE
In a boost to Ecuadorean villagers' long-running bid to enforce
a $9.5 billion judgment against Chevron Corp., the highest court in
Canada ruled that villagers can move forward with an effort to
seize assets tied to the oil company.
U.S. PROSECUTORS CITE 'SPOOFING' SOFTWARE ALLEGEDLY USED BY U.K. TRADER
U.K. trader Navinder Sarao, who faces a U.S. extradition hearing
later this month, allegedly worked with a customized version of
software known as the "matrix" in a deliberate attempt to "spoof"
markets, according to a U.S. court filing.
MIGRANT CHAOS GROWS IN HUNGARY
Hundreds of fed-up migrants began walking along a highway toward
Austria and a migrant died amid a standoff at a suburban train
station near a refugee camp, as Hungary appeared increasingly
overwhelmed in its efforts to keep a firm grip on thousands hoping
to reach Western Europe.
U.K. REGULATOR WARNS COMMODITY FIRMS OVER MARKET ABUSE
The U.K.'s financial regulator said firms that trade commodities
have learned little from recent high profile cases of market abuse
and are failing to adequately monitor the risks of such abuse.
CHINESE NAVY SHIPS PASSED THROUGH U.S. WATERS
The Pentagon said that five Chinese navy ships operating off
Alaska entered U.S. territorial waters, but they complied with
international law.
CANADA ADDS JOBS IN AUGUST
Canada's economy created more jobs than expected in August but
the unemployment rate increased as more people searched for
work.
GVC WINS RACE TO ACQUIRE BWIN.PARTY
Sports betting and online gambling operator GVC Holdings PLC
said it had clinched a deal to buy Bwin.party Digital Entertainment
PLC after beating an offer from online gambling peer 888 Holdings
PLC.
BASF, GAZPROM RENEW ABANDONED ASSET-SWAP PLAN
Germany's BASF and Russia's Gazprom will complete an asset-swap
deal signed in December 2013 but called off late last year amid
mounting political tensions between Russia and the West.
ONGC VIDESH BUYS 15% STAKE IN ROSNEFT BLOCK
India's ONGC Videsh Ltd. said Friday it will pay up to $1.3
billion to buy a stake in an oil-and-gas block of Russian state-run
oil company Rosneft.
UTI WORLDWIDE LOWERS PROJECTIONS AFTER STEEPER LOSS
Company says declining volume and revenue in global freight
forwarding the result of 'global macroeconomic slowdown.'
INDIA'S CIPLA TO BUY TWO U.S. FIRMS FOR $550 MILLION
Indian generic drugs major Cipla said it has agreed to buy two
U.S. generic drug makers for $550 million in cash to scale up its
drug offerings to American patients.
NOWOTNY: EUROZONE BUDGET FLEXIBILITY SHOULD BE ALLOWED
Eurozone governments should be permitted some flexibility under
the European Union's budget rules to help buffer the economic
slowdown caused by uncertainty in emerging markets, the governor of
Austria's central bank said.
TOP DEMOCRAT ON SENATE FOREIGN RELATIONS PANEL OPPOSES IRAN DEAL
Sen. Ben Cardin of Maryland, the top Democrat on the Senate
Foreign Relations Committee, said he would oppose the Iran nuclear
accord.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Central Banks
HILSENRATH ANALYSIS: JOBS REPORT CREATES CLIFFHANGER FOR FED
Friday's mixed jobs report-with a slowdown in payroll growth but
a larger-than-expected drop in the national jobless rate-leaves the
Federal Reserve with a challenging decision at its Sept. 16-17
policy meeting.
Heard on the Street
THE JOBS REPORT AND STOCKS: WHAT'S NOT TO HATE?
Friday's jobs numbers didn't provide a clear win for either
hawks or doves. It did offer stocks the worst of both worlds.
(END) Dow Jones Newswires
September 04, 2015 13:08 ET (17:08 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.