Fri08262016

LAST_UPDATEFri, 26 Aug 2016 9pm

VW Says Sees Limited Impact Of Production Stoppages On Staff Hours

Pic: ReutersVolkswagen said the impact of production stoppages on staff hours caused by a dispute with two parts suppliers has been significantly reduced thanks to internal remedies.

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Wanda To Invest $9.5 Billion In China Tourism Park

Pic: ReutersChina's richest man, Wang Jianlin, has signed an agreement to invest 63 billion yuan (7.15 billion pounds) to build a tourism and sports complex in Jinan city, cinema-to-theme park developer Dalian Wanda Group said in a statement on Friday.

Read more: Wanda To Invest $9.5 Billion In China Tourism Park

Schooled In The Short Run, Central Banks Struggle With A Long-Term Role

Schooled in economic thinking that confines monetary policy to the short run, central bankers gathering in Jackson Hole, Wyoming, are grappling with a singular change: whether they can take over as guardians of long-term growth with programs that may stay in place and influence markets for decades to come.

Read more: Schooled In The Short Run, Central Banks Struggle With A Long-Term Role

Oil Prices Fall As Saudi Arabia Dampens Prospects Of Output Freeze

Pic: Reuters

Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month, and as analysts pointed to an ongoing supply overhang that was weighing on markets.

Read more: Oil Prices Fall As Saudi Arabia Dampens Prospects Of Output Freeze

Japan Sees Inflation Hitting Another Low

Pic: AFP Photos

Japan's consumer prices dropped for the fifth consecutive month in July, adding to pressure on the government to expand its already massive stimulus programme.

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Audit Reveals Army's Trillion-Dollar Accounting Gaffes

The US Army made trillions of dollars of accounting mistakes and often did not have the receipts or invoices needed to support figures in its budget, according to a scathing Pentagon report.

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Japan Trunk Bank Sues Toshiba For US$120m Over Accounting Scandal

Pic: Reuters

TOKYO: Toshiba Corp said today a Japanese trust bank was suing it for ¥12 billion (RM478.55 million) for losses stemming from the company's US$1.3 billion (RM5.23 billion) accounting scandal last year.

Read more: Japan Trunk Bank Sues Toshiba For US$120m Over Accounting Scandal

Hillary Clinton's California Swing Yields $19 Million In 72 Hours

Hillary Clinton raised over $19 million during a three-day, nine fundraiser swing through California this week, putting the former secretary of state on pace to make August the largest fundraising month of her 2016 campaign.

Read more: Hillary Clinton's California Swing Yields $19 Million In 72 Hours

Uber Lost At Least $1.27 Bn In First Half Of Year: Report

Pic: Astro Awani

SAN FRANCISCO: The on-demand car ride service Uber lost at least $1.27 billion in the first half of this year, Bloomberg reported on Thursday, citing sources close to the matter.

Read more: Uber Lost At Least $1.27 Bn In First Half Of Year: Report

Caution Before Yellen's Jackson Hole Speech Crimps Risk Appetites

yellen

Caution ahead of a speech by Federal Reserve Chair Janet Yellen's speech at the annual gathering of central bankers in Jackson Hole, Wyoming, limited movements across global markets on Friday.

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