August, 2016

• 28 August

  Yemen govt cautiously welcomes US peace plan

  

    Riyadh /AFP Yemen’s exiled government has said it welcomes in principle a US-backed plan to resume peace talks with Iran-backed rebels on the basis of forming a unity government. At a meeting in Riyadh, the cabinet gave an “initial welcoming to the ideas that came out of the meeting in Jeddah,” which included US Secretary of State John Kerry, ...

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• 28 August

  Germany expects 300,000 asylum seekers this year

    Berlin / AFP Germany expects up to 300,000 asylum seekers to arrive this year, less than one-third of the total during 2015’s record influx, the Federal Office for Migrants and Refugees (BAMF) said on Sunday. BAMF chief Frank-Juergen Weise told the Bild am Sonntag newspaper that Germany’s healthy economy and improvements to refugee services meant that the country was ...

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• 28 August

  Myanmar’s Suu Kyi faces test at ethnic peace conference

  

    Yangon / AFP Myanmar’s Aung San Suu Kyi faces what could be the toughest test of her leadership yet when she opens a major ethnic peace conference Wednesday aimed at ending wars that have blighted the country since its independence. The five-day talks will bring hundreds of ethnic minority rebel leaders to the capital, along with military top brass ...

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• 28 August

  BISB plans $218mn sale of non-core assets

  

    Bloomberg Bahrain Islamic Bank BSC (BISB) is seeking to sell about 82 million dinars ($218 million) of unproductive assets such as land and shares as part of a five-year plan to boost growth. The lender sold 14 million dinars-worth of these assets in the first half and plans the sale of a similar amount in the remainder of the ...

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• 28 August

  ECB to dive deeper if govts don’t act: Coeure

  

    Bloomberg European Central Bank (ECB) Executive Board member Benoit Coeure said unconventional monetary policy may have to be used differently and more frequently if governments don’t act to boost the growth potential of euro-area economies. “We may see short-term rates being pushed to the effective lower bound more frequently in the event of macroeconomic shocks,” Coeure said Saturday in ...

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• 28 August

  ‘BOJ open to boost monetary stimulus’

  

    Bloomberg Bank of Japan Governor Haruhiko Kuroda said he won’t hesitate to boost monetary stimulus if needed, reiterating a pledge during an annual policy retreat in Jackson Hole, Wyoming, at which central bankers stressed their need for backup from fiscal policy. “There is no doubt that there is ample space for additional easing in each of the three dimensions,” ...

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• 28 August

  China’s Postal Bank to win $8bn IPO approval

  

    Bloomberg Postal Savings Bank of China Co., moving closer to the world’s biggest share sale this year, won Hong Kong stock exchange approval for an initial public offering that could raise about $8 billion, people with knowledge of the matter said. The Beijing-based bank plans to start gauging investor demand for the offering in the first half of September, ...

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• 28 August

  Popularity outweighs bank profit as Kenya follows Erdogan

  

    Bloomberg Kenyan President Uhuru Kenyatta is borrowing a page from Turkey’s Recep Tayyip Erdogan in a quest to boost his popularity before elections next year by picking a fight with his country’s banks. Both leaders had for years been trying to lower borrowing costs. Erdogan succeeded earlier this month when he announced that he would view as an act ...

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• 28 August

  Mitsubishi regional plane heads to US after failed test

  

    Bloomberg / AFP Mitsubishi Heavy Industries Ltd.’s regional jet aircraft took off again for the US on Sunday after aborting its maiden test flight to the US a day earlier due to problems with an on-board system about an hour into the trip. The aircraft, Japan’s first passenger plane developed at home in more than a half century, took off ...

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• 28 August

  Southwest diverted after damage from engine failure

  

    Bloomberg A Southwest Airlines Co. jet was forced to make an emergency landing after the cabin lost pressure due to what federal officials called a rare uncontained engine failure. No one was injured on Flight 3472 from New Orleans to Orlando, Florida, when the Boeing Co. 737 was diverted to Pensacola International Airport in Florida, an spokesman said by ...

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