G20 seeks to smooth economic shock waves from China

Finance ministers and central bankers of the Group of 20 nations will be meeting in Ankara under dramatically changed circumstances than when they last huddled in AprilWorld finance ministers and central bankers gather in Turkey this weekend to grapple with the fallout of slowing growth in China, tanking emerging economies and panicked global stock markets. Signs that China's economy -- the world's second-largest -- is slowing more than expected have panicked stock markets, pushed commodity prices to fresh lows, sparked a rout in emerging market currencies and thrown into question a US interest rate rise previously expected in September. The potential chilling impact of a new cycle of US interest rate hikes fed uncertainty and concern ahead of the meeting of the Group of 20 top advanced and emerging economies.



Average US rate on 30-year mortgage rises to 3.89 percent

In this Saturday, Aug. 15, 2015 photo, a for sale sign is posted in front of a home in Miami. Mortgage giant Freddie Mac on Thursday, Sept. 3, 2015 said the average rate on a 30-year fixed-rate mortgage increased to 3.89 percent from 3.84 percent a week earlier. The rate on 15-year fixed-rate mortgages advanced to 3.09 percent from 3.06 percent. (AP Photo/Lynne Sladky)WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week after a sharp drop the previous week, as global markets continued to whipsaw amid economic disruption in China and uncertainty over Federal Reserve interest-rate policy.



US services firms expand rapidly, lifted by strong sales

In this photo taken Friday, June 12, 2015, Judith Castro serves a lunch order at a local grocery store in the Little Havana area of Miami. The Institute for Supply Management, a trade group of purchasing managers, issues its index of non-manufacturing activity for August 2015 on Thursday, Sept. 3, 2015. (AP Photo/Alan Diaz)WASHINGTON (AP) — U.S. services companies expanded at a healthy pace in August, lifted by robust consumer spending resulting from steady job gains.



Correction: Mozambique-Facebook Defamation story

MAPUTO, Mozambique (AP) — In a story Aug. 31 about a defamation trial in Mozambique, The Associated Press reported erroneously that the defendants were found guilty. No verdict was passed by the judge, who said the verdict and sentence will be issued on Sept. 16. AP also erroneously reported that three were on trial. Only two were on trial.
Judge lets Brady play, ruling against NFL in 'Deflategate'

FILE - In this April 31, 2015, file photo, New England Patriots quarterback Tom Brady leaves Federal court in New York. Brady can suit up for his team's season opener after a judge erased his four-game suspension for "Deflategate." (AP Photo/Richard Drew, File)NEW YORK (AP) — A federal judge let the air out of "Deflategate" Thursday, erasing New England quarterback Tom Brady's four-game suspension for a controversy the NFL claimed threatened football's integrity.





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