econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 31 August 2015

Early Headlines: Shanghai Down Modestly, US Blocks India Clean Energy, India Cost Of Capital, EU Facing Epic Refugee Flood, Huge Egyptian Gas Field Discovered And More

Written by

Early Bird Headlines 31 August 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

early-bird-301-180

Global

  • Japan wins Little League title, beating Pennsylvania 18-11 (Associated Press, MSN News) Japan fell behind 10-2 in the first inning, but won the rest of the game 16-1 in one of the most onesided displays of power in Little League World Series history. Japan won its 10th title with the winning team from Kitasuna winning for the third time.
  • China worries push Asia stocks, US futures lower (CNBC) Asian equities were mostly lower on Monday, with the Shanghai Composite losing as much as 3.7% on reports that Beijing may finally halt its controversial market intervention. See more on China below. Data approximately 2 am EST (New York time):

asia.markets.2015.aug.31.pm

U.S.

  • Young workers in target-date funds hit hard by market drop (Reuters) Among the hardest hit in the market decline are millenials who are heavily invested in target date funds with 30-45 year targets - these are heavily invested in stocks. Older workers with near-in targets saw about half the decline of the 20-somethings.

EU

  • Unprecedented migrant crisis forces EU to seek answers (Reuters) European Union ministers were summoned on Sunday to meet in two weeks' time to seek urgent solutions to a migration crisis unprecedented in the bloc's history, as the mounting death toll on land and sea forced governments to respond. Luxembourg, which holds the rotating EU presidency, called interior ministers from all 28 member states to an extraordinary meeting on Sept. 14, saying: "The situation of migration phenomena outside and inside the European Union has recently taken unprecedented proportions."

Egypt

  • Italy's Eni discovers huge gas field off Egyptian coast (BBC News) Italian energy group Eni says it has found one of the world's largest natural gas fields off Egypt's coast. The company said the area was 1,450m (4,757 feet) beneath the surface and covered 100 sq km (39 sq miles). It could hold as much as 30 trillion cubic feet of gas, or 5.5 billion barrels of oil equivalent. Eni says that the Zohr field "could become one of the world's largest natural-gas finds" and help meet Egypt's gas needs for decades. The company has full concession rights to the area.

Mali

  • Clan warfare trumps diplomacy in Mali's fragile north (Reuters) The United Nations has deployed 10,000 peacekeepers and poured more than $1 billion into Mali but its efforts to end a three-year conflict are threatened by the reemergence of a centuries-old rivalry between Tuareg clans. An agreement with the clans was reached in June but it is coming apart as rival clans have renewed their battles.

India

  • Biggest threat to Modi govt's 'acche din' is RBI governor Raghuram Rajan (The Economic Times) Hat tip to Sanjeev Kulkarni. India desperately needs to see a large and a sharp fall in cost of capital. The transmission effect with the petty rate cuts so far has not worked as there is hardly any confidence within our financial sector of a sustained cyclical recovery in the investment cycle.

China

  • China Stocks Extend Biggest Selloff Since 2008 on Rescue Doubts (Bloomberg) China's stocks extended the biggest two-month tumble since 2008 amid growing concern that government intervention to prop up the market will fail. Brokerages led the retreat early in the session. One broker, Citic Securities Co.; declined 6.9% after Xinhua News Agency reported that company executives were detained on suspicion of insider trading.
  • Shanghai Composite Streaming Chart (Investing.com) The Shanghai Compoite opened shraply down but has been recovering during the afternoon session. With less than an hour of trading remaining the index is down about 1.4%. Click on chart for latest streaming data from Investing.com.

shanghai.2015.aug.31.pm

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.




Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Slow Economic Growth Will Be Around For A Long Time
The Job Guarantee, Wage-Price Inflation And Alternative Solutions: Part 2
News Blog
March 2017 Texas Manufacturing Survey Continues to Expand
Wage Growth After The Great Recession
Is OPEC Losing Its Ability To Influence Oil Prices?
Many Worry That The Great Recession And Mounting Student Debt Have Stunted Millennials' Financial Development
Infographic Of The Day: Visualizing The Shifting Income Distribution Of American Jobs
Early Headlines: Asia Stocks, Dollar, Oil All Down, Gold Up, Border Wall Obstacles, US To 'Fix' Gov With Business Ideas, ACA Death Spiral, US C-I Lending Down, Merkel Election Boost, And More
Most Read Articles Last Week Ending 25 March
Funded By The Crowd
U.S. Top Source Of DDoS Attacks In Q4 2016
How Artificial Intelligence And The Robotic Revolution Will Change The Workplace Of Tomorrow
Amazon's Alexa Is A Fast Learner
What We Read Today 26 March 2017
NASA's Plan To Use A Giant Magnet To Make Mars Habitable
Investing Blog
Market And Sector Analysis 25 March 2017
Earnings: A Lot Less Than Meets The Eye
Opinion Blog
Is The 20th Century Still The 'Hayek Century'?
Yellen's Dangerous Glass-Steagall Repression
Precious Metals Blog
These Gold Stocks Will Produce Much Bigger Gains Than Gold Itself
Live Markets
27Mar2017 Pre-Market Commentary: Fasten Seat Belts As The DOW Is Set To Open Down Triple Digits, Crude Prices Slipping Along With The US Dollar, Not A Good Day On Wall Street
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved