Reuters Business Today: August 28, 2015

Click to View in Browser Friday, August 28, 2015 Stock futures fall after two-day market rally (Reuters) - U.S. stock index futures fell on Friday, after a two-day market rally, suggesting nervousness heading into the weekend after a hair-raising ride for global markets in the past few days. Consumer spending rises in July; inflation muted WASHINGTON, (Reuters) - U.S. consumer spending picked up a bit in July as households bought more automobiles, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate hike this year. Market turmoil shouldn't delay at least one Fed rate hike: Bullard JACKSON HOLE, Wyo. (Reuters) - Recent market turmoil should not delay the Federal Reserve from raising U.S. interest rates at least once, given that the selloff and a slowdown in China have so far had little effect on the U.S. economy, a top Fed official said on Friday. Two Fed officials pressing for rate hikes unfazed by market volatility JACKSON HOLE, Wyo. (Reuters) - Two top Federal Reserve officials who have pressed for interest rate hikes said on Friday that a spate of violent swings in financial markets won't knock the U.S. economy off its feet. China banks warn of rising bad loans and falling margins as economy slows SHANGHAI/BEIJING (Reuters) - China's largest banks warned of a tough year after posting their weakest half-yearly profit growth in at least six years as a slowing economy forces the lenders to make even more provisions for soured loans and squeezes interest income. Prosecutor seeks to summon Murdoch in Deutsche Bank trial MUNICH (Reuters) - Munich prosecutors requested that 30 additional witnesses including Rupert Murdoch, publisher Friede Springer and Axel Springer Chief Executive Mathias Doepfner be summoned in a trial against Deutsche Bank executives. China jitters, globalization bode ill for Fed's inflation goal JACKSON HOLE, Wyo. (Reuters) - Wild swings in world financial markets this week have shown how events in China can potentially disrupt the Federal Reserve's carefully scripted policy plans. The turmoil, triggered by a rout in Chinese markets, also flagged a broader risk that the U.S. central bank may struggle to meet its inflation target until the rest of the world plays along. China's central bank likely to ease policy again by end-December: Reuters poll (Reuters) - China's central bank is highly likely to ease monetary policy again by the end of this year, according to economists surveyed by Reuters, as it seeks to support a rapidly cooling economy and calm financial markets. Accused U.S. 'flash crash' trader fails to have UK extradition case postponed LONDON (Reuters) - A London-based day-trader accused by the United States of market manipulation that contributed to the Wall Street "flash crash" in 2010, failed to persuade a court on Friday to postpone his extradition hearing. Oil steadies after strong gains as equities rally LONDON (Reuters) - Oil prices steadied on Friday after bouncing back from six-and-a-half-year lows on recovering equities markets, strong U.S. economic growth and news of low crude supplies from Nigeria. Related Video Japan inflation flatlines in July Stocks go gangbusters as China fears fade 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