Fed’s Fischer: Too much weight placed on Fed’s first rate hike
HERZLIYA, Israel (Reuters) – U.S. Federal Reserve Vice Chairman Stanley Fischer said it was “misleading” to give so much importance to the Fed’s first interest rate hike since the process of returning to a more normal level will take a few years.
Regulation should be main tool against bubbles: Fed’s Mester
REYKJAVIK, Iceland (Reuters) – Central bankers should be aware of the potentially destabilizing effects of super-easy policy on financial systems, a top U.S. Federal Reserve official said on Monday, even if monetary policy should not be used as a main …
Troubled Malaysia Airlines to be completely revamped: new CEO
KUALA LUMPUR (Reuters) – Loss-making Malaysia Airlines is set to undergo a complete overhaul as it is restructured into a new company, with a rebranding that will be unveiled next week and changes planned to its fleet and network strategies.
European shares dip, dollar gains after Yellen comments
TOKYO (Reuters) – European shares fell in thin trade on Monday while the dollar held firm after U.S. Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year.
China invites private investors to help build $318 billion of projects
SHANGHAI (Reuters) – China’s state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate.
Alibaba’s latest gambit in fighting fakes: foster local brands
PUTIAN, China (Reuters) – Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source.
State fund appoints administrator for Malaysia Airlines restructuring
KUALA LUMPUR (Reuters) – Malaysia’s Khazanah Nasional [KHAZA.UL] said it had appointed Mohammad Faiz Azmi to oversee the restructuring of now delisted Malaysian Airline System Bhd into a new company that will be owned by the sovereign fund.
Senator Warren calls for public hearings on bank waivers: FT
NEW YORK (Reuters) – U.S. Senator Elizabeth Warren is calling for U.S. Department of Labor hearings on whether banks accused of rigging foreign exchange markets should be allowed to manage retirement accounts, the Financial Times reported on Sunday.
Alibaba’s latest gambit in fighting fakes: foster local brands
PUTIAN, China (Reuters) – Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source.
Amazon changes tax practices in Europe as investigations continue: WSJ
NEW YORK (Reuters) – Amazon.com Inc has started booking revenue from retail sales in individual European countries, instead of channeling all sales through low-tax Luxembourg, the Wall Street Journal reported Sunday.
