- China’s brokerages tumbled after Citic Securities executives were detained and people familiar with the matter said the industry was told to contribute another $15.7 billion to a market rescue fund.2
- The Obama administration is drafting an escalating series of actions, including economic sanctions and curbs on doing business in the U.S., to punish China and other nations that persist in hacking its corporate computer networks.4
- Asian equities extended the biggest monthly decline in more than three years after Federal Reserve officials signaled they’re prepared to raise interest rates even amid turmoil in Chinese markets.5
- Asia’s currencies were headed for the biggest monthly loss in three years, led by Malaysia’s ringgit.6
- U.S. stock-index futures fell in early trading with the turmoil seen in August set to continue on the final day of the month.8
- Warren Buffett’s Berkshire Hathaway sees a green light at the intersection of low oil prices and record driving.9
- Bank of New York Mellon aims to have a reliable fix by Monday for the system it uses to generate net asset values for mutual funds after the software broke down seven days earlier.10
- Options traders have never been so pessimistic on China’s stock market, betting the government’s renewed effort to prop up share prices is doomed to fail.