Reuters Business Today: August 24, 2015

Click to View in Browser Monday, August 24, 2015 Wall Street set to open sharply lower as panic spreads (Reuters) - Wall Street looked set for another rout on Monday as alarm bells rang across world markets following a more-than 8 percent drop in Chinese shares and a steep fall in prices of oil and other commodities. Great fall of China sinks world stocks, dollar tumbles LONDON (Reuters) - Alarm bells rang across world markets on Monday as a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities panicked investors. China stocks give up year's gains as 'national team' stays on bench SHANGHAI (Reuters) - China stock markets slumped again on Monday, giving up all their gains for the year on a massive selloff that dragged down regional markets, with even some state media saying the government rescue attempt had now failed. Apple recalls some iPhone 6 Plus models over blurry photos (Reuters) - Apple Inc is recalling a limited number iPhone 6 Plus phones due to faulty back cameras that take blurry photos. China fears, global growth doubts grip markets MADRID (Reuters) - Markets are watching for China's next move as signs of a slowdown in the world's second-largest economy stack up, raising expectations it will act to stoke growth. Iran says an OPEC emergency meeting may stop oil price slide: Shana DUBAI (Reuters) - Iran's Oil Minister, Bijan Zanganeh, said on Sunday that holding an emergency OPEC meeting may be "effective" in stabilizing the oil price, Iran's oil ministry news agency Shana reported. Junior miners jump into medical marijuana, food service amid slump TORONTO/VANCOUVER/SYDNEY (Reuters) - Many of the world's junior miners are laying down their picks and shovels to start new ventures ranging from egg exporting to medical marijuana farming, as they as try to survive a crash in metals prices by shifting away from exploration. IMF official says 'premature' to speak of Chinese crisis RIMINI, Italy (Reuters) - China's economic slowdown and a sharp fall in its stock market herald not a crisis but a "necessary" adjustment for the world's second biggest economy, a senior International Monetary Fund official said on Saturday. China fears wipe quarter of a trillion euros off Europe's blue-chips LONDON (Reuters) - European stocks slumped on Monday after a rout in Chinese markets, wiping hundreds of billions of euros off leading shares and sending one benchmark index to a seven-month low. Factory activity slows in August: Markit NEW YORK, (Reuters) - Growth in the U.S. manufacturing sector slowed to its weakest pace in almost two years in August, according to an industry report released on Friday. Related Video Great fall of China hits global markets Yearly gains erased from battered Shanghai stocks Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook