Reuters Daily Investor Update: September 1, 2015

Click to View in Browser Tuesday, September 1, 2015 China manufacturing contracts, euro zone and U.S. slows LONDON (Reuters) - China's giant manufacturing industry contracted and euro zone and U.S. growth eased in August in data published on Tuesday, while the International Monetary Fund cut its forecast for world growth this year. Wall St. ends down as China data sparks global growth fears (Reuters) - Wall Street shares fell close to 3.0 percent on Tuesday, pushing all three major U.S. indexes firmly into losses for the year after weak data from China intensified fears that a stumble in the world's second-largest economy will hobble global growth. U.S. says 19.2 million U.S. vehicles have defective Takata air bags DETROIT (Reuters) - U.S. safety regulators said on Tuesday that 19.2 million vehicles in the United States still have defective Takata Corp air bag inflators. Stocks, oil dive on China fears; volatility jumps NEW YORK (Reuters) - World stock indexes and commodities slumped on Tuesday as weak Chinese data revived fears about the effect of China's economic health on the global economy and fueled more market turmoil. U.S. auto sales stronger than expected in August on trucks, SUVs DETROIT (Reuters) - The U.S. auto industry powered ahead in August, topping sales estimates and shrugging off gyrating stock markets as consumers continued to show their penchant for pickup trucks and SUVs. Rosengren sees gradual Fed rate hikes, downplays timing NEW YORK (Reuters) - The Federal Reserve will probably only gradually raise interest rates, irrespective of whether it decides to take the first step a few months earlier or later, a top U.S. central banker said on Tuesday. Oil tumbles 8 percent as weak China data revives growth fears NEW YORK (Reuters) - Oil prices tumbled 8 percent on Tuesday in volatile trading that sent Brent futures back below $50 a barrel as weak Chinese data revived concerns about demand for petroleum after crude's three-day rally of more than 20 percent. Exclusive: Mexico withheld millions in tax refunds from P&G, Unilever, Colgate MEXICO CITY (Reuters) - Mexico's government withheld hundreds of millions of dollars in tax refunds owed to Procter & Gamble, Unilever, and Colgate combined as it sought to coax them and other multinationals to pay more income tax locally, according to people close to the talks. Hit by cheap oil, Canada's economy falls into recession OTTAWA (Reuters) - The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices spurring companies to chop business investment. Apple explores move into original programing business: Variety (Reuters) - Apple Inc is looking to move into the original programing business to compete with video streaming companies such as Netflix Inc, Variety reported on Monday. Related Video New products lure customers to dealerships - Edmunds.com U.S. stocks drop on China growth concerns Related News Three ways to avoid guilt over taking a vacation Calpers, Calstrs oppose joint CEO-chairman role at Bank of America 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