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Fed’s Fischer: Too much weight placed on Fed’s first rate hike

HERZLIYA, Israel 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. … Continue reading

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Europe stocks stumble, dollar lifted by U.S rate view

LONDON European shares fell in thin trade on Monday while the dollar powered ahead after U.S. Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year. Investor concerns about Greece’s debt problems … Continue reading

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Oil prices gain as firm demand outweighs dollar strength

CALGARY, Alberta Crude oil futures rose on Monday as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted. Front-month Brent crude LCOc1 gained 53 cents to $65.90 a … Continue reading

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Charter Communications nears $55 billion deal for Time Warner Cable

Time Warner Cable Inc is nearing an agreement to be acquired by smaller peer Charter Communications Inc for about $55 billion, combining the second and third largest U.S. cable operators, people familiar with the matter said on Monday. A deal … Continue reading

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State fund appoints administrator for Malaysia Airlines restructuring

KUALA LUMPUR 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. Azmi will oversee the … Continue reading

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State fund appoints administrator for Malaysia Airlines restructuring

KUALA LUMPUR 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. Azmi will oversee the … Continue reading

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State fund appoints administrator for Malaysia Airlines restructuring

KUALA LUMPUR 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. Azmi will oversee the … Continue reading

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Alibaba’s latest gambit in fighting fakes: foster local brands

PUTIAN, China 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. In the … Continue reading

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Alibaba’s latest gambit in fighting fakes: foster local brands

PUTIAN, China 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. In the … Continue reading

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Alibaba’s latest gambit in fighting fakes: foster local brands

PUTIAN, China 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. In the … Continue reading

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