Reuters Business Today: August 31, 2015

Click to View in Browser Monday, August 31, 2015 Futures fall as September rate hike back in focus (Reuters) - U.S. stock index futures were lower on Monday as investors once again turned their focus to the possibility of a September interest rate increase. Fiat Chrysler's Marchionne says 'unconscionable' to give up on GM deal: paper MILAN (Reuters) - It would be "unconscionable" for Fiat Chrysler Automobiles (FCA) not to pursue a merger with rival General Motors and create a company that can generate $30 billion a year in cash, FCA chief Sergio Marchionne said in a newspaper interview. Exclusive: Citi aims to boost equities franchise amid industry shakeout NEW YORK (Reuters) - Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank's plans. Venture capital cash surfers may see waves recede in market turmoil SAN FRANCISCO (Reuters) - The waves of cash surfed relentlessly by some of Silicon Valley's largest venture-backed businesses are showing signs of receding amid concern the companies may already be worth more than their likely valuations once they finally go public. Toshiba CEO says newfound accounting errors not huge TOKYO (Reuters) - The head of scandal-tarred Toshiba Corp said on Monday the company has found a half-decade's worth of new accounting problems forcing it to further delay closing its books but that it does not expect a big impact on its projected results. China stocks slide as crackdown on speculators spreads, lose 11 percent in August SHANGHAI (Reuters) - China stocks fell sharply on Monday before recovering much of their losses as regulators cracked down on speculators which Beijing blames for a 40 percent crash in the country's stock markets since June. BNY Mellon expects to fix pricing glitch before markets open (Reuters) - BNY Mellon Corp expects to fix the computer glitch that disrupted pricing of U.S. mutual funds and exchange-traded funds before markets open on Monday, its chief executive said. Suzuki Motor says it will buy back VW stake as court settles feud TOKYO (Reuters) - Japan's Suzuki Motor Corp said on Sunday it would buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court ordered the German automaker to sell its holding. Boeing uses its clout to control supplier consolidation NEW YORK (Reuters) - Berkshire Hathaway Inc's $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry, even as Boeing Co uses its clout as the world's biggest plane maker to put a check on some deals. World to Fed: We're prepared for U.S. rate hike, so don't delay JACKSON HOLE, Wyo. (Reuters) - Central bankers from around the world are telling their American counterparts that they are ready for a U.S. interest rate hike and would prefer that the Federal Reserve make the move without further ado. Related Video China markets get Monday morning blues Puerto Rico delays fiscal reform plan 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