China Boosts Efforts to Keep Money at Home

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China is imposing new controls to prevent too much money from leaving the country, with lenders beefing up internal checks on foreign-exchange conversions and regulators aiming to rein in illegal money-transfer agents.

Stocks Tumble on Weak Chinese Data

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U.S. stocks tumbled Tuesday after weak manufacturing data in China fueled investors’ worries about the world’s second-largest economy.

Bayer Separates Material Science Business

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German pharmaceuticals group Bayer has moved a step closer to floating its $12.38 billion specialty chemicals business by legally and economically separating the unit, now named Covestro.

In China's Heartland, Small Cities Flourish

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Fengdu on the Yangtze River is one of hundreds of smaller Chinese cities still bursting with consumer vitality. It’s if these striving cities lose momentum that China is in danger of failing, writes Andrew Browne.

ISM Manufacturing Index Falls to 51.1 in August

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U.S. manufacturing activity expanded at slower pace in August, according data released Tuesday, a sign global turmoil and a strong dollar could be limiting factories.

South African Gold Faces Uncertain Future

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South Africa’s gold mining industry must undergo radical change to cope with falling prices, intensifying labor disputes and the surging cost of ever-deeper exploration.

Pension Funds Oppose Combined BofA Chairman, CEO Roles

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Two major public pension funds joined the drive for Bank of America Corp. shareholders to oppose a corporate bylaw change that lets Brian Moynihan serve as both chief executive and chairman.

Valeant Strikes Psoriasis-Drug Pact With AstraZeneca

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Canada’s Valeant Pharmaceuticals has struck a deal with AstraZeneca of the U.K. to develop and sell psoriasis treatment brodalumab.

Treasurys Strengthen on China Data

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Investors sought safety in U.S. government bonds on Tuesday after a gauge of China’s manufacturing sector fell to a three-year low, adding to anxiety over the global growth outlook.

El Niño Sends Strong Signal as Pacific Temperatures Soar

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Australia’s government said temperatures in parts of the Pacific Ocean are at their highest level in nearly two decades thanks to a strong El Niño—a phenomenon that can upend weather patterns around the world.

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