Reuters Business Today: September 2, 2015

Click to View in Browser Wednesday, September 2, 2015 Wall St. pares gains after weak private jobs data (Reuters) - U.S. stock futures pared some gains on Wednesday, but kept Wall Street on track to open higher, after weaker-than-expected private U.S. jobs data, raising the odds that the Federal Reserve would not raise interest rates this month. Bill Gross: Fed tightening cycle could create self-inflicted financial instability NEW YORK (Reuters) - Bond guru Bill Gross, who has long called for the Federal Reserve to raise interest rates, said on Wednesday that U.S. central bankers may have missed their window of opportunity to hike rates earlier this year and normalizing them now could create "self-inflicted financial instability." U.S. private sector adds 190,000 jobs in August: ADP NEW YORK (Reuters) - U.S. private employers added 190,000 jobs in August, short of economists' expectations, a report by a payrolls processor showed on Wednesday. China stock probes send shivers through investment community SHANGHAI (Reuters) - Investigations by Chinese authorities into wild stock market swings are spreading fear among China-based investors, with some unsure if they are simply helping with inquiries or actually under suspicion, executives in the financial community said. U.S. second-quarter productivity strongest in one-and-a-half years WASHINGTON (Reuters) - U.S. nonfarm productivity increased at its strongest pace in 1-1/2 years in the second quarter, keeping wage inflation subdued for now. Oil extends losses on weak economic outlook LONDON (Reuters) - Oil prices fell on Wednesday as concerns about the global economy exacerbated worries that an oversupply of crude could last longer than expected. Citi sells Hungary consumer banking business to Erste Group (Reuters) - Citigroup Inc agreed to sell its consumer banking business in Hungary to Austria's Erste Group Bank AG as the third-biggest U.S. bank by assets continues to divest non-core operating businesses. Japan lawmakers urge bourse, regulators to be tough on Toshiba TOKYO (Reuters) - Japanese lawmakers on Wednesday called for a tough regulatory response to Toshiba Corp's second postponement of its annual results over accounting woes, saying the scandal could erode foreign investor confidence. VW's CEO Martin Winterkorn set to stay on for three more years FRANKFURT (Reuters) - The executive committee of Volkswagen's supervisory board has proposed extending Martin Winterkorn's contract as chief executive until the end of 2018, the company said on Tuesday, opening the door to the appointment of an outsider as chairman. GM expects India business to be profitable in five years NEW DELHI (Reuters) - General Motors Co expects to be profitable in India in five years as it cuts costs and works towards increasing locally produced content for its cars, the automaker's country chief told Reuters. Related Video Australian economy slows to 2-year low New models spur U.S. auto sales in August 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