LONDON (Reuters) – China need not accelerate the appreciation of its renminbi currency against the US dollar, the Financial Times quoted a senior Chinese economic policy-maker as saying.

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Chinese official says no need to speed renminbi rise

FRANKFURT (Reuters) – Commerzbank agreed to buy Dresdner Bank from Allianz on Sunday in a $14.5 billion all-German deal that will break the country’s banking mould and cost 9,000 jobs.

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Commerzbank to buy Dresdner, axe 9,000 jobs

FRANKFURT (Reuters) – Commerzbank agreed to buy Dresdner Bank from Allianz on Sunday in an all-German, cost-saving deal that values Dresdner at $15 billion and breaks the country’s rigid banking mould.

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Commerzbank to buy Dresdner in $15 billion deal

HOUSTON (Reuters) – U.S. energy companies shut nearly all offshore oil production and were racing to bring down flood-prone Louisiana refineries on Sunday ahead of Hurricane Gustav’s landfall, which could rival the wrath of 2005’s Hurricane Katrina.

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U.S. Gulf oil output at a trickle ahead of Gustav

FRANKFURT (Reuters) – Allianz SE says Allianz sells Dresdner Bank to Commerzbank and will become the largest

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Allianz says sells Dresdner Bank to Commerzbank

MILAN (Reuters) – Alitalia’s unions will hold talks with the government on Monday on a rescue plan for the airline and on job losses — which a minister said could be under 5,000 — after it sought bankruptcy protection on Friday.

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Alitalia faces key union talks as rescue takes off

HOUSTON (Reuters) – Energy companies rushed to shut down offshore production platforms and flood-prone refineries on Sunday ahead of Hurricane Gustav’s landfall, which could rival the wrath of 2005’s Hurricane Katrina.

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Gustav shutters refineries, offshore platforms

FRANKFURT (Reuters) – Management at Allianz SE and Commerzbank AG sought approval from their supervisory boards on Sunday to sell control of the insurer’s Dresdner Bank to Commerzbank.

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Allianz and Commerzbank poised for Dresdner deal

HOUSTON (Reuters) – Exxon Mobil Corp said 28,000 barrels per day in oil production and 180 million cubic feet per day in natural gas output were shut on Sunday due to Hurricane Gustav.

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Exxon says 28,000 bpd oil, 180 mmcfd gas shut in Gulf

BERLIN (Reuters) – Consumer electronic makers are bracing themselves for slower growth in the second half of this year and in 2009, but count on consumers turning to home entertainment amid tougher economic times and tighter budgets.

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Hard-up consumers seen seeking solace in gadgets

U.S. stock markets will be closed Monday for the Labor Day holiday. Trading will resume Tuesday. Look for all the Business news in Wednesday’s Star-Ledger….

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Markets closed for Labor Day

HOUSTON (Reuters) – Energy companies shut down three-quarters of U.S. Gulf of Mexico oil production on Saturday to prepare for the worst hurricane to hit the U.S. oil patch since 2005, and coastal refineries braced for possible floods.

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Most U.S. Gulf oil output shut as Gustav threatens

Tucked away in a corner of central New Jersey, hidden in a bland office park near the truckstop at Exit 7 on the Turnpike, a corporate resurgence is taking place that is being felt as far away as Paris, Moscow…

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Prince returns to tennis prominence

In Jeffrey Laylon’s estimation, he’s racked up thousands of dollars in overdraft fees from his bank over the years, triggered when the balance in his personal or business checking accounts weren’t enough to cover his obligations. “I keep very little…

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Seeking an end to overdraft fee frustration

Who knew U.S. presidential candidates Barack Obama and John McCain could be economic indicators? Investors will be watching how the two candidates’ tax and spending plans will affect stock and bond prices after the conventions wrap up next week. But…

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Fall investment preview