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Lousy jobs numbers suggests the Fed was right not to hike rates

Lousy jobs numbers suggests the Fed was right not to hike rates

THE world was on tenterhooks on September 17th, when it appeared the Fed might just be about to raise interest rates in America, for the first time in more than nine years. Although monetary-policy hawks feared that the world’s largest economy was starting to overheat, doves pointed to low inflation, and to building financial stress in emerging […]

October 2, 2015 | By | Reply More
US job growth fades in September; jobless rate at 5.1%

US job growth fades in September; jobless rate at 5.1%

WASHINGTON: The United States added far fewer jobs than expected in September and hiring was weaker in the prior two months, the Labor Department said on Friday (Oct 2), pointing to a slowing economy. The poor report gave a more downbeat picture of the labour market as the Federal Reserve considers its first interest rate […]

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Govt wants to help startups develop in a sustainable way: Heng Swee Keat

Govt wants to help startups develop in a sustainable way: Heng Swee Keat

SINGAPORE: Startups play an important role in Singapore’s future economic structure and the Government wants to help them develop in a sustainable way, said Finance Minister Heng Swee Keat, speaking on the sidelines of a tour of JTC LaunchPad @ one-north on Friday (Oct 2). On the first day at his new role, Mr Heng […]

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Services sector in Myanmar has room to grow

Services sector in Myanmar has room to grow

YANGON: The services sector in Myanmar still has room to grow, and Malaysian companies should take advantage of the opportunity to gain a foothold in the country. Malaysia External Trade Development Corporation (Matrade) international partnership division director Amran Yem said the services sector in Myanmar now represents 38 per cent of the country’s gross domestic […]

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Air France plans to cut 2,900 jobs: Union source

Air France plans to cut 2,900 jobs: Union source

PARIS: Air France plans to cut 2,900 jobs after the failure of talks with pilots to boost productivity, a union source told Reuters on Friday. The figure was announced by the head of Air France at a board meeting this morning, the source said. Some 300 job cuts would involve pilots, 700 stewards and hostesses […]

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New law to boost SMEs in Africa

New law to boost SMEs in Africa

Côte d’Ivoire, Oct 2: With support from the World Bank Group, 17 African countries, members of the Organisation for the Harmonisation of Business Law in Africa (OHADA), have adopted a Uniform Insolvency Act in Côte d’Ivoire.   This new law replaces the previous 1998 law which was widely believed to be lacking key features of […]

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Malaysian franchise industry making inroads in Myanmar

Malaysian franchise industry making inroads in Myanmar

YANGON: Malaysia’s franchise industry has secured a strong foothold in the emerging Myanmar market, particularly in the food and beverage (F&B) sector. Among the franchise brands that have made inroads into the country include Kentucky Fried Chicken, Marry Brown, Manhattan Fish Market and Secret Recipe. Malaysian Franchise Association (MFA) committee member Christopher Tay said the […]

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Prudential Insurance to take over J.C. Penney pension

Prudential Insurance to take over J.C. Penney pension

REUTERS: J.C. Penney Co Inc said Prudential Insurance Co of America will take over administration and benefit payments to 43,000 retirees as part of a plan that will reduce its US$5 billion U.S. pension obligation by up to 35 percent. The department store operator said about 12,000 retirees and surviving beneficiaries of the company’s qualified […]

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The unstoppable rise of in-flight Wi-Fi

The unstoppable rise of in-flight Wi-Fi

A COUPLE of announcements over the past fortnight have highlighted the pace at which the internet is now invading the skies. First, Lufthansa announced that it would begin to offer broadband internet on short-haul and domestic routes, with the first planes being fitted with the technology in summer 2016. This is significant because European carriers […]

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Futures up ahead of September jobs data

Futures up ahead of September jobs data

REUTERS: U.S. stock index futures rose on Friday as investors await the crucial September jobs report that could help strengthen the case for the Federal Reserve to increase interest rates before the end of the year. * The Labor Department’s report, due at 8:30 a.m. ET (1230 GMT), is expected to show U.S. employers added […]

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