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Futures jump as Yellen eases fears of slowing growth

Futures jump as Yellen eases fears of slowing growth

REUTERS: U.S. stock index futures rose 1.5 percent on Friday, a day after Federal Reserve Chair Janet Yellen said she expects the central bank to raise interest rates later this year. * Yellen’s comments helped ease fears regarding the growth of the global economy. Markets have been skittish since last week, when Yellen cited concerns […]

September 25, 2015 | By | Reply More
11street – Facebook Workshop for 11street Members

11street – Facebook Workshop for 11street Members

Event: Facebook Workshop Date: September 28th, 2015 (Monday) Time: 9.00 am – 11.30 pm Venue: 11street Training Room, Level 26, Menara NU 2, KL Sentral An exclusive Workshop co-hosted by 11street and Facebook which will be held on September 28th, 2015 (Monday) at 11street’s office located at Level 26, Menara NU 2, KL Sentral. Facebook […]

September 25, 2015 | By | Reply More
Oil prices pare gains on stronger dollar, weak Japan data

Oil prices pare gains on stronger dollar, weak Japan data

LONDON: Oil prices pared gains on Friday after the dollar rose on expectations the United States could still raise interest rates this year and after analysts from Standard & Poor’s ratings cut their oil price assumptions. Weak consumer data from Japan also weighed on price and analysts said that the slowing global economic outlook meant […]

September 25, 2015 | By | Reply More
California gearing up for major enforcement action against Volkswagen

California gearing up for major enforcement action against Volkswagen

SACRAMENTO: California is preparing a major enforcement action against carmaker Volkswagen AG over its admitted cheating on tailpipe emissions tests, the state’s top air official said on Thursday. Mary Nichols, chair of the California Air Resources Board, said it was too soon to say what penalties would be levied against the company, which admitted duping […]

September 25, 2015 | By | Reply More
At least 27 US state attorneys general to probe Volkswagen

At least 27 US state attorneys general to probe Volkswagen

NEW YORK: At least 27 U.S. state attorneys general on Thursday initiated a multi-state investigation of Volkswagen over its representations to consumers over their diesel vehicles, according to a spokeswoman for Illinois Attorney General Lisa Madigan. As part of the probe, the group will send subpoenas to Volkswagen, the spokeswoman said. News of the subpoena […]

September 25, 2015 | By | Reply More
Dollar rises in Asia after Yellen speech, China woes linger

Dollar rises in Asia after Yellen speech, China woes linger

HONG KONG: The dollar climbed against most emerging currencies Friday after Federal Reserve boss Janet Yellen said she expects a US interest rate hike by the year’s end but worries over China’s economy kept traders on edge. Yellen’s comments were the first since last Thursday when she rattled nerves by saying the Fed had held […]

September 25, 2015 | By | Reply More
New iPhone could be most popular in China yet

New iPhone could be most popular in China yet

BEIJING: The new iPhone 6s and 6s Plus hit stores on Friday (September 25) in China, the world’s biggest smartphone market. Analysts expect 12 million to 13 million phones to fly off the shelves in the first weekend, up from more than 10 million last year when the hugely successful iPhone 6’s launch was delayed […]

September 25, 2015 | By | Reply More
India orders probe into Volkswagen cars

India orders probe into Volkswagen cars

MUMBAI: The Indian government has ordered a probe into Volkswagen emissions after the carmaker admitted cheating on U.S. pollution tests, the Mint newspaper reported on Friday citing officials familiar with the matter. The government has asked testing agency Automotive Research Association of India to evaluate Volkswagen cars, the newspaper said. “We want to know if […]

September 25, 2015 | By | Reply More
Volkswagen pollution scandal backfires on diesel

Volkswagen pollution scandal backfires on diesel

PARIS: German giant Volkswagen’s worldwide pollution cheating scandal threatens to backfire on diesel, the fuel that powers most new cars in Europe and is defended by manufacturers as a vital means to curb global warming. Diesel spews out less heat-trapping carbon dioxide than gasoline, the industry argues. But without sophisticated controls, the fuel may also […]

September 25, 2015 | By | Reply More
Green Ocean says no impact from low palm oil prices

Green Ocean says no impact from low palm oil prices

KUALA LUMPUR: Green Ocean Corp Bhd, which turned into the black for the first quarter ended June 30, 2015, believes its business operations will not be affected by low palm oil prices. At a press conference after the company’s AGM today, managing director Datuk Frankie Tan See Meng said demand is always there for palm […]

September 25, 2015 | By | Reply More