Reuters Daily Investor Update: August 26, 2015

Click to View in Browser Wednesday, August 26, 2015 Wall St. rallies as Fed seen cautious on rate hike NEW YORK (Reuters) - Wall Street racked up its biggest one-day gain in four years on Wednesday as fears about China's economy gave way to bargain hunters emboldened by expectations the U.S. Federal Reserve might not raise interest rates next month. Monsanto drops pursuit of Swiss agribusiness rival Syngenta (Reuters) - U.S. agribusiness leader Monsanto Co. on Wednesday abandoned pursuit of Swiss rival Syngenta AG , which had rejected a recently sweetened $47 billion offer. Syngenta says board unanimously rejected Monsanto offer ZURICH (Reuters) - Swiss agrichemicals group Syngenta AG said its board unanimously rejected a revised offer from suitor Monsanto Co., which then dropped its takeover approach. Stock markets diverge, crude falls as China jitters persist NEW YORK (Reuters) - Wall Street was sharply higher on Wednesday while European shares and commodities prices fell as investors balanced strong U.S. economic data and interest rate comments with fears about China's slowing economy. Ten automakers are sued over 'deadly' keyless ignitions (Reuters) - Ten of the world's biggest automakers were sued on Wednesday by U.S. consumers who claim they concealed the risks of carbon monoxide poisoning in more than 5 million vehicles equipped with keyless ignitions, leading to 13 deaths. Wal-Mart to stop selling AR-15, other semi-automatic rifles (Reuters) - Wal-Mart Stores Inc , the top seller of guns and ammunition in the United States, said on Wednesday it will stop carrying the AR-15 and other semi-automatic rifles at its stores due to sluggish demand. Bruising sell-off tests market faith in central banks LONDON (Reuters) - A bruising 48-hour sell-off in global stocks driven by fears of slowing growth has rocked market confidence in central bankers' ability to fight deflation, restore economic health and keep a six-year-old bull run going. Bill Gross's Janus bond fund drops second consecutive day NEW YORK (Reuters) - Bill Gross's Janus Global Unconstrained Bond Fund suffered its second day of declines in its net asset value on Tuesday, wiping out gains for the year, according to fund-research firm Morningstar Inc on Wednesday. Market turmoil makes September rate hike 'less compelling': Fed's Dudley NEW YORK (Reuters) - An interest rate hike next month seems less appropriate given the threat posed to the U.S. economy by recent global market turmoil, an influential Federal Reserve official said on Wednesday. FX pegs under pressure in emerging markets as commodity prices fall LONDON (Reuters) - Plunging commodity prices are testing the viability of emerging currencies' long-standing pegs to the dollar, with some already abandoned as countries balk at the cost of clinging to fixed exchange rates. Related Video Breakingviews: Yellen's not tellin' Gambling firms bet on merger Related News Alternative funds show mixed results over past month Bill Gross's Janus bond fund drops second consecutive day Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. 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