Sunday, August 21st, 2016

 

Fed’s Fischer says US central bank close to its targets

WASHINGTON, Aug 21 — Federal Reserve Vice Chairman Stanley Fischer said the US economy is close to the central bank’s goals and he expects growth to pick up in the future. “We are close to our targets,” Fischer said in remarks prepared… Source: The Malay Mail Online


China’s Vanke says confidence hit by takeover battle

HONG KONG, Aug 21 — China Vanke Co , the residential property developer at the centre of a high-profile power struggle, said today its business operations have suffered as a result of the battle for control. While net profits at Vanke,… Source: The Malay Mail Online


Promised prosperity never arrived in Russian-held Crimea, say locals

ARMYANSK (Crimea), Aug 21 — More than two years after Russia annexed Crimea and promised its 2 million people a better life, residents say prices have soared, wages and pensions have stagnated and tourists have fled. The sunny and mountainous… Source: The Malay Mail Online


China’s diesel exports rise to record as flooding damps demand

SHANGHAI, Aug 21 — China’s diesel exports rebounded to a record in July as severe flooding in some parts of the country curbed domestic fuel demand. The world’s largest energy consumer exported 1.53 million tons of diesel last month, a 39… Source: The Malay Mail Online


UK economic stamina not assured after early Brexit resilience

LONDON, Aug 21 — The UK economy has shown some post-Brexit strength. All it needs now is stamina. Focus is on whether the economy can sustain the initial robust readings that came last week. Labour-market resilience and the best retail-sales… Source: The Malay Mail Online


How companies are cashing in on Pokemon Go

PARIS, Aug 21 — Pokémon Go has sent millions of people onto the streets in a worldwide hunt for virtual monsters — and from neighbourhood restaurants to multi-national corporations, businesses smell a profit. “It’s going really well —… Source: The Malay Mail Online


Solitary by nature, India’s new central bank head steps into spotlight

MUMBAI, Aug 21 — India’s incoming central bank governor, Urjit Patel, is widely regarded as having the professional and academic credentials he needs to make a success of his new job. Less well known is whether a man who seems to feel most… Source: The Malay Mail Online


VW suspends Golf production amid supplier standoff

BERLIN, Aug 21 — Embattled automaker Volkswagen has been forced to suspend manufacture of the popular Golf model at its main production plant in Germany, a spokesman said yesterday. But the decision by the car giant, locked in a legal battle… Source: The Malay Mail Online