Stocks fall on Fed concerns; U.S. oil jumps 8.8 percent


NEW YORK - World stock indexes fell on Monday as a Federal Reserve official's comments added to investor concerns the bank may start raising interest rates in September, while oil prices jumped more than 8 percent, extending their biggest price surge in 25 years.

Nerves on edge as Chinese authorities probe market mayhem

BEIJING/LONDON - The head of hedge fund manager Man Group Plc's China business has been taken into custody to help authorities in a probe into recent market volatility, Bloomberg reported on Monday, while separately a local financial reporter confessed on national TV to having spread false information that caused "panic and disorder".

Internet entrepreneurs back Chinese Tesla rival NextEV

FRANKFURT/DETROIT - A group of deep-pocketed China-based internet entrepreneurs and financial investors, including Tencent  and Hillhouse Capital, is backing an effort to create NextEV, a new rival to U.S. electric car maker Tesla Motors Inc .

Tech, 3:02pm EDT

China's Focus Media aims to relist via Hedy acquisition

HONG KONG - China's Focus Media Holding Ltd, a Carlyle-backed company that was delisted in the United States after short-seller attacks, aims to relist on the market through an acquisition by communications equipment maker Hedy Holdings .

Deals, 10:13am EDT

China to open high-speed rail link to North Korean border

BEIJING - China will open a high-speed rail line to the North Korean border on Tuesday, state news agency Xinhua said, the latest effort to boost economic ties despite tension between the countries.

World, North Korea 7:17am EDT

U.S. considering sanctions over Chinese cyber theft: Washington Post

WASHINGTON - The White House is considering applying sanctions against companies and individuals in China it believes have benefited from Chinese hacking of U.S. trade secrets, the Washington Post reported on Sunday.

Tech, Cybersecurity, World, 6:01am EDT

Japan eyes defense budget hike to fortify island chain facing China

TOKYO - Japan's Ministry of Defense is seeking a fourth straight annual military budget hike to help fortify the country's far-flung island chain in the East China Sea, close to ocean territory claimed by Beijing.

World, East China Sea, Japan 4:20am EDT

China stocks slide as crackdown on speculators spreads, lose 11 percent in August

SHANGHAI - 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. | Video

4:18am EDT

China's yuan up on suspected intervention, set for August loss

SHANGHAI, - China's yuan firmed on Monday after the central bank set a stronger guidance rate while it also appeared to continue using state-owned banks to support the Chinese currency, traders said.

12:08am EDT

China needs further action to stop water pollution: vice premier

BEIJING - China faces a "formidable task" to clean up its rivers and lakes and needs a fundamental change in attitudes to prioritize the environment over economic development at all cost, vice premier Wang Yang said.

Environment, 30 Aug 2015