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China's BYD forecasts up to 91 percent profit rise for first nine months

China's BYD forecasts up to 91 percent profit rise for first nine months

BEIJING: Chinese automaker BYD Co Ltd , backed by Warren Buffett’s Berkshire Hathaway Inc , on Sunday predicted an up to 91-percent profit increase in the first nine months of the year, as government policies drive green car sales. The Shenzhen-based company forecast an 83 percent to 91 percent rise in net profit for the […]

August 28, 2016 | By | Reply More
Germany's economy minister: US-EU free trade talks have failed

Germany's economy minister: US-EU free trade talks have failed

BERLIN: Germany’s Economy Minister Sigmar Gabriel said on Sunday that talks on the Transatlantic Trade and Investment Partnership (TTIP), a free trade deal being negotiated by the United States and the European Union, had essentially failed. “The negotiations with the USA have de facto failed because we Europeans did not want to subject ourselves to […]

August 28, 2016 | By | Reply More
Red Crescent – Selangor expands care for local communities through MayBank’s Cahaya Kasih Challenge Programme

Red Crescent – Selangor expands care for local communities through MayBank’s Cahaya Kasih Challenge Programme

In conjunction with the Global Corporate Responsibility (CR) Day and the launch of MayBank Cahaya Kasih Challenge (CKC) Programme (2016/2017), the Malaysian Red Crescent Society – Selangor (RCS), is partnering with Maybank Setapak Zone to expand care for local communities to improve human capital investment through children and youths by leveraging on diverse educational programmes. […]

August 28, 2016 | By | Reply More
EU may require YouTube, DailyMotion to seek deals with music industry

EU may require YouTube, DailyMotion to seek deals with music industry

They say that Alphabet Inc’s Google makes vast sums from ad-supported services such as YouTube, but only a small share of the money goes to the music industry. BRUSSELS: Websites such as Google’s YouTube, DailyMotion and Pinterest could be required by the European Union to seek licenses or revenue-sharing deals with artists for content that […]

August 28, 2016 | By | Reply More
As Fed nears rate hikes, policymakers plan for 'brave new world'

As Fed nears rate hikes, policymakers plan for 'brave new world'

JACKSON HOLE, Wyo.: Federal Reserve policymakers are signaling they could raise U.S. interest rates soon but they are already weighing new tools they may need to fight the next recession. A solid U.S. labor market “has strengthened” the case for the first rate increase since last December, Fed Chair Janet Yellen told a central banking […]

August 28, 2016 | By | Reply More
Exclusive: Iraq plans to sell oil through Iran if talks with Kurds fail

Exclusive: Iraq plans to sell oil through Iran if talks with Kurds fail

BAGHDAD: Iraq’s government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters. Iraq’s State Oil Marketing Organisation (SOMO) plans to hold talks with the Kurdish Regional Government (KRG), possibly next week, about Iraqi oil exported through […]

August 27, 2016 | By | Reply More
Jobs data to be a big deal for record-high stocks

Jobs data to be a big deal for record-high stocks

SAN FRANCISCO: Wall Street will fixate on a wave of US economic data next week, crested by payrolls data on Friday that could sway expectations about the timing of future interest rate hikes and spark volatility in record-high stock prices. Fresh data about employment and consumer confidence could help investors solidify expectations for a December […]

August 27, 2016 | By | Reply More
Fed’s Yellen sees stronger case for interest rate hike

Fed’s Yellen sees stronger case for interest rate hike

WASHINGTON: The Federal Reserve is getting closer to raising interest rates again, the head of the US central bankand other policymakers said on Friday in comments that left the door open for a hike as early as next month. Fed Chair Janet Yellen told a global monetary policy conference that the case for a rate […]

August 27, 2016 | By | Reply More
Fed could use reserves payments to stimulate US economy: paper

Fed could use reserves payments to stimulate US economy: paper

JACKSON HOLE, Wyo.: The Federal Reserve could push banks to lend more by paying Wall Street smaller returns on money stashed at the U.S. central bank when inflation is low, according to an academic paper presented on Saturday. The proposal was one of several discussed at an international gathering of central bankers who are looking […]

August 27, 2016 | By | Reply More
Exclusive: Iraq plans to sell oil through Iran if talks with Kurds fail

Exclusive: Iraq plans to sell oil through Iran if talks with Kurds fail

BAGHDAD: Iraq’s government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters. Iraq’s State Oil Marketing Organisation (SOMO) plans to hold talks with the Kurdish Regional Government (KRG), possibly next week, about Iraqi oil exported through […]

August 27, 2016 | By | Reply More