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Russia will protect its economy against new sanctions: LavrovExternal Link

LONDON (MarketWatch) -- Russia will act to protect its interests if the West imposes a new wave of sanctions, the country's foreign minister said Monday, according to media reports. Once it becomes clear what the U.S. and EU plan, then Russia will decide how to respond, Sergei Lavrov said. It will start by focusing on its "own interests: protect our economy, protect our social sphere, protect our citizens, business and at the same time make a conclusion from the actions of our partners on their adequacy", Lavrov said, RIA Novosti reported. On Saturday, EU leaders agreed to come up with options for new sanctions on Russia within a week, if it doesn't pull back its intervention in Ukraine. The U.S. is working closely with the EU to make sure its sanctions are aligned, The Wall Street Journal reported. Earlier Monday, Russia-backed separatist rebels and Ukrainian government forces were battling for control of the international airport in Luhansk, media reports said, following a weekend that saw Kiev lose ground in the fighting.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Mon, 01 Sep 2014 09:24:11 GMT
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U.K. factory activity slows to 14-month lowExternal Link

LONDON (MarketWatch) -- The U.K.'s manufacturing sector expanded at the slowest pace in 14 months in August, data from Markit/CIPS showed on Monday. The manufacturing purchasing managers' index dropped to 52.5 from 54.8 in July, missing analysts' forecast of a 55 reading. A level above 50 indicates expansion. Markit said the details of the survey painted a picture of a broad slowdown, with particularly inflows of new business and new export orders weakening. "Although the sector is nonetheless still achieving a reasonably solid pace of expansion, signs of a slowdown have become increasingly evident in recent months," Markit said in the release. The U.K.'s FTSE 100 extended losses after the data, falling 0.3% to 6,799.58.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Mon, 01 Sep 2014 08:58:52 GMT
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Asia stocks: Markets close mixedExternal Link

HONG KONG (MarketWatch) -- Here are the closing levels for Asia's major stock markets: Tokyo (Nikkei Average) up 0.3% ; Hong Kong (Hang Seng Index) flat ; Shanghai (Shanghai Composite Index) up 0.8% ; Sydney (S&P/ASX 200) up 0.1% ; Seoul (Kospi) flat ; Taipei (Taiex) up 0.8%

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Mon, 01 Sep 2014 08:16:04 GMT
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Apple in deal with Visa, others on new iPhone wallet: reportExternal Link

LOS ANGELES (MarketWatch) -- Apple Inc. has partnered with major credit-card companies to allow its next iPhone to be used for payment at retailers and banks, Bloomberg News reported late Sunday, citing an unnamed source familiar with the situation. Apple has reached an agreement with Visa Inc. , MasterCard Inc. and American Express Co. to let iPhone users harness a near-field-communication chip to make payments without a plastic card, the report said. While Google Inc. and others have already offered similar technology, its adoption by retailers has been slow -- but given that Apple tops U.S. market share for smartphones, this may change, the report said, citing a Creative Strategies LLC analyst.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Mon, 01 Sep 2014 04:43:29 GMT
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Hong Kong stocks shrug off weak dataExternal Link

HONG KONG (MarketWatch) -- Hong Kong stocks moved higher Monday morning after a brief loss in choppy opening trade, shrugging off two separate gauges of China's manufacturing activity which both showed a slight slowing last month. The Hang Seng Index rose 0.5%, with its top-weighted components stronger, as online major Tencent Holdings Ltd. advanced 0.9%, telecom giant China Mobile Ltd. rose 0.6%, and HSBC Holdings PLC added 0.3%. Mainland Chinese banks traded mixed, with both Bank of China Ltd. and Agricultural Bank of China Ltd. up 0.6% in Hong Kong, while China Construction Bank Corp. fell 0.5% after its interim results showed a 9% rise in profit but also an increase in non-performing loans during the first half of the year. Likewise, China Merchants Bank Co. dipped 0.1% after its bad-debt ratio also increased, although net profit grew 16%. Most property stocks gained despite the release of more downbeat housing data, as Sino-Ocean Land Holdings Ltd. improved by 1.8%, and China Resources Land Ltd. added 1.6%. However, several tech stocks were poorly bid, with software developer Kingsoft Corp. losing 1.8%, game developer NetDragon Websoft Inc. declining 1.7%, and Kingdee International Software Group Co. lower by 1.2%. Over on the Chinese mainland, the Shanghai Composite Index also added 0.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Mon, 01 Sep 2014 02:27:24 GMT
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