Recent Articles

Fed's Yellen urges rejection of rule-based monetary policy proposal

Fed's Yellen urges rejection of rule-based monetary policy proposal

REUTERS: Federal Reserve Chair Janet Yellen on Tuesday condemned a proposal in the U.S. Congress that would require the central bank to tie interest rate policy to a mathematical rule, arguing this would “severely damage the U.S. economy.” Under the type of policy rule envisioned by lawmakers, the Fed would commit to moving interest rates […]

November 17, 2015 | By | Reply More
Yellen urges lawmakers to reject rule-based monetary policy proposal

Yellen urges lawmakers to reject rule-based monetary policy proposal

WASHINGTON: Federal Reserve Chair Janet Yellen on Tuesday condemned a proposal in the U.S. Congress that would require the central bank to tie interest rate policy to a mathematical rule, arguing this would “severely damage the U.S. economy.” In a letter to lawmakers, Yellen said the proposed law, which could see a vote in the […]

November 17, 2015 | By | Reply More
US manufacturing sector shows strength in October

US manufacturing sector shows strength in October

WASHINGTON: US manufacturers showed firm signs of life in October after a mid-year slowdown, but overall industrial output was lower due to the energy sector slump, Federal Reserve data showed on Tuesday (Nov 17). The Fed’s industrial production index lost 0.2 points to 107.2, and showed a 0.3 per cent gain from a year ago. […]

November 17, 2015 | By | Reply More
Ultra-high net worth individuals moving towards impact investing: Credit Suisse

Ultra-high net worth individuals moving towards impact investing: Credit Suisse

SINGAPORE: Ultra-high net worth individuals in the Asia Pacific plan to allocate more funds towards impact investing, over philanthropic donations, according to a report released by Credit Suisse at its annual Philanthropists Forum on Tuesday (Nov 17). With impact investing, they put capital with enterprises that generate a positive social or environmental impact, other than […]

November 17, 2015 | By | Reply More
Wall St. opens higher after Wal-Mart results

Wall St. opens higher after Wal-Mart results

REUTERS: U.S. stock indexes opened higher on Tuesday as better-than-expected earnings from Wal-Mart and Home Depot allayed fears of a retail slowdown after last week’s sharp selloff in the sector. The Dow Jones industrial average rose 12.5 points, or 0.07 percent, to 17,495.51, the S&P 500 gained 1.34 points, or 0.07 percent, to 2,054.53 and […]

November 17, 2015 | By | Reply More
Wall St. set to open higher after Wal-Mart results

Wall St. set to open higher after Wal-Mart results

REUTERS: U.S. stock indexes opened higher on Tuesday as better-than-expected earnings from Wal-Mart and Home Depot allayed fears of a retail slowdown after last week’s sharp selloff in the sector. The Dow Jones industrial average rose 12.5 points, or 0.07 percent, to 17,495.51, the S&P 500 gained 1.34 points, or 0.07 percent, to 2,054.53 and […]

November 17, 2015 | By | Reply More
Kohl's appoints Walgreens marketing head COO

Kohl's appoints Walgreens marketing head COO

REUTERS: Department store operator Kohl’s Corp appointed Walgreens Boots Alliance Inc Chief Marketing Officer Sona Chawla to the newly created position of chief operating officer. Chawla is a potential candidate to succeed Chief Executive Kevin Mansell, Kohl’s said on Tuesday. As COO, Chawla will oversee store operations, supply chain network, information and digital technology, and […]

November 17, 2015 | By | Reply More
Wal-Mart earnings beat expectations; shares up

Wal-Mart earnings beat expectations; shares up

REUTERS: Wal-Mart Stores Inc reported stronger-than-expected quarterly earnings on Tuesday as it booked its fifth straight gain in U.S. same-store sales, sending its shares up nearly 3 percent. Net profit attributable to the world’s largest retailer fell to US$3.304 billion, or US$1.03 per share, in the third quarter ended on Oct 31 from US$3.711 billion, […]

November 17, 2015 | By | Reply More
NSEWL will be 'almost new' by 2018: Khaw

NSEWL will be 'almost new' by 2018: Khaw

SINGAPORE: The process to overhaul the North-South and East-West (NSEWL) line has started and it needs to ramp up its maintenance, Minister for Transport Khaw Boon Wan said in his blogpost on Tuesday (Nov 17). He also called for a focus on “engineering excellence” among the top brass. In his post, Mr Khaw listed the seven […]

November 17, 2015 | By | Reply More
Greece secures deal to unlock €12 billion bailout funds

Greece secures deal to unlock €12 billion bailout funds

ATHENS: Greece announced on Tuesday (Nov 17) it has struck a deal with its international creditors to unblock some €12 billion in much-needed bailout loans. “We have reached agreement on everything, including the 48 additional measures” that should allow the €12 billion (US$12.8 billion) to be paid out on Friday, Finance Minister Euclid Tsakalotos told […]

November 17, 2015 | By | Reply More