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Clinton widens lead over Trump to 8 points: Poll

  Washington / AFP Democrat Hillary Clinton has widened her lead over White House rival Donald Trump to eight points after both parties’ nominating conventions, according to a Washington Post-ABC News poll out Sunday. Clinton led Trump 50 to 42 percent among registered voters, according to the telephone survey carried out August 1-4. She got a strong bounce in the ...

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7 dead in Nepal chopper crash

  Kathmandu / AFP A helicopter crashed into a hillside in Nepal on Monday, killing all seven people on board including a baby, an airline official said. The Fishtail Air helicopter carrying six locals to Kathmandu lost contact with air traffic control about 30 minutes after taking off from the western district of Gorkha. Rescuers have reached the crash site ...

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WSF moves to G7 nation for the first time

  Montreal / AFP Anti-globalization activists will gather in Montreal on Tuesday for the first World Social Forum (WSF) to be held in the northern hemisphere, hoping the location will provide fresh impetus for the movement. A march through downtown Montreal is to kick off the event, which was first held in Brazil in 2001 seeking to promote alternatives to ...

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DBS profit falls as provisions offset interest income

  Bloomberg DBS Group Holdings Ltd.’s second-quarter profit declined 6 percent as provisions for troubled energy-services firm Swiber Holdings Ltd. overshadowed gains in interest and fee income. Net income fell to S$1.05 billion ($780 million) from S$1.12 billion a year earlier, Singapore’s largest bank said in an exchange filing Monday. That compared with the S$1.07 billion average of five analysts ...

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Deutsche Bank unit buys $547 million Spanish mall

  Bloomberg Deutsche Bank AG’s Spanish asset-management unit is buying a shopping mall in Barcelona for 493 million euros ($547 million) from Northwood Investors LLC. The Diagonal Mar mall has shops operated by companies including Primark Stores Ltd. and Hennes & Mauritz AB and comprises 90,000 square meters (969,000 square feet) of leasable space, Deutsche Asset Management said in a ...

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BoF’s economy gaining momentum in Q3

  Bloomberg The French economy is set to return to growth this quarter, the nation’s central bank said, as President Francois Hollande aims to cement a turnaround ahead of next year’s general election. Gross domestic product will rise 0.3 percent in the three months through September, the Bank of France (BoF) said on Monday. That’s more optimistic than economists in ...

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Ugandan central bank lowers key rate to 14%

  Bloomberg Uganda’s central bank reduced its benchmark interest rate by 100 basis points for a third consecutive time, to 14 percent, citing an unfavorable growth outlook due to global economic uncertainty. While warning that drought may hurt food prices, a major component on the inflation index, the monetary policy committee expects both headline and core inflation to slow toward ...

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Oversupply beats Brexit as London office risk: UBS

  Bloomberg The wave of office buildings under construction in London is a bigger threat to rents and values than the risk of companies moving out after the UK’s vote to leave the European Union, according to UBS Group AG. “We saw a build-up of oversupply of office space long before Brexit which can’t be stopped,” Thomas Wels, global head ...

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Midea grabs 95% stake in German firm Kuka

  AFP Chinese appliance giant Midea said on Monday it had secured almost 95 percent of German robotics firm Kuka, in the face of European fears over losing control over the high-tech company. The company already held 13.51 percent of Kuka — a world-leading manufacturer of industrial robots — before its June offer of 115 euros per share, which valued ...

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