CALIFORNIA: Gov.Jerry Brown signs legislation expanding farm workers overtime payments, by phasing it in over four years from 2019 and reducing hours until 2022 – LA Times – @AceFinanceNews

#AceFinanceNews – Sept.12: Gov. Jerry Brown today signed legislation that would significantly expand overtime pay for California farmworkers, closing out one of the most intense political battles this summer at the state Capitol.

The bill calls for a phase-in of new overtime rules over four years, beginning in 2019, lowering the current 10-hour-day threshold for overtime by half an hour each year until it reaches the standard eight-hour day by 2022.

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MARKETS: US Shares soar after Federal Reserve official urges ‘prudence’ over rate hikes; Dow gains about 240 – CNBC – @AceFinanceNews

#AceFinanceNews – Sept.12: US markets soar after Federal Reserve official urges ‘prudence‘ over rate hikes; Dow gains about 240 – CNBC

US markets (close): DJIA 18,324.18 (+238.73/+1.32%), S&P 500 2,158.98 (+31.17/+1.46%), NASDAQ 5,211.89 (+85.98/+1.68%), NYSE 10,757.28 (+143.76/+1.35%)

http://cnb.cx/2cDgsCZ

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CHINA: State-Owned banks sell dollars to support yuan, traders say – Reuters – @AceFinanceNews

#AceFinanceNews – Sept.12: China’s state-owned banks sell dollars to support yuan, traders say – Reuters reported …..

http://cnb.cx/2cwY5Tl

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MARKETS: US: Global stock selloff resumes amid concerns about tighter monetary policy – WSJ – @AceFinanceNews

#AceFinanceNews – Sept.12: Global stock selloff resumes amid concerns about tighter monetary policy – WSJ

http://on.wsj.com/2cQ5fyw

Fed rate jitters slam US and world stock markets

U.S. stock futures were sharply lower, pointing to an extension of Friday’s slump, which saw the Dow lose almost 400 points.

http://www.cnbc.com/id/10393196

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MARKETS: SOUTH KOREA: Shares still reacting to economic woes, over growing risk following North Korea’s nuclear test by dropping 1.82% – Yonhap News Agency – @AceFinanceNews

#AceBreakingNews – Sept.12: South Korean shares down 1.82% on heightened economic woes, growing risk following North Korea’s nuclear test – Yonhap News Agency

http://bit.ly/2ciZaKW

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MARKETS: ASIA: Stocks fell on Fed official’s rate rise comments; Nikkei down 1.77%, Hang Seng down 2.82%, SSE Composite off 2.07%, KOSPI down 1.83%, ASX200 down 2.26%, SENSEX down 1.51% – AP, Google Finance – @AceFinanceNews

#AceFinanceNews – Sept.12: Asian stocks are slumping on Fed official’s rate rise comments; Nikkei down 1.77%, Hang Seng down 2.82%, SSE Composite off 2.07%, KOSPI down 1.83%, ASX200 down 2.26%, SENSEX down 1.51% – AP, Google Finance

http://bit.ly/2cj927m

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MARKETS: FTSE 100: Slides on Monday as did other markets in the US on Friday over fears of rate rise to stem the financial borrowing Avalanche that is about to descend – @AceFinanceNews

#AceFinanceNews – Sept.12: FTSE 100 slides on US rate rise worries_86667066_citytraders_getty.jpgThe UK market joins in a global sell-off, as fears grow that the Federal Reserve could raise US interest rates next week…..

Editors Notes:

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SAMSUNG: Paying the price of profit first and people second over last weeks report for all owners to switch off and return their mobile phones as markets reacted by wiping $14 billion off their shares about time they made sure devices were safe before they launch onto markets – @AceFinanceNews

#AceFinanceNews – Sept.12: Following worldwide recall for galaxy note 7 phones on aircraft https://acebreakingnews.wordpress.com/2016/09/09/breaking144-faa-strongly-advises-passengers-not-to-turn-on-or-charge-samsung-galaxy-note-7-devices-on-board-aircraft-and-not-to-stow-them-in-any-checked-baggage-acebreakingnews today their shares took a fall wiping

More than $14 billion wiped off Samsung shares as Note 7 crisis rages on

Samsung Electronics shares fell nearly 7 percent after the company urged Galaxy Note 7 users to switch off and return their devices….

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GREECE: PM wants help with repayments of its debt burden after their agreement with EU to take thousands of #Refugees from Turkey under their deal but will they get it as both deals are falling apart – @AceFinanceNews

#AceFinanceNews – Sept.12: Greece presses creditors for better debt repayment terms

ATHENS, Greece (AP) — Greece’s prime minister is pressing for speedier action from bailout creditors to ease the country’s huge debt burden….

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