August, 2016

• 23 August

  Crude extends biggest loss in three weeks

  

    Bloomberg Oil extended its biggest loss in three weeks before the release of US crude inventory data on Wednesday, while Goldman Sachs Group Inc. cautioned that any OPEC deal to freeze output may only deepen the global oversupply. October futures fell as much as 1.7 percent in New York after declining for the first time in eight days on ...

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• 23 August

  Lebanon to host ‘future concrete’ meet tomorrow

    Emirates Business Advanced Construction and Technology Services (ACTS), a leading consulting organisation in the field of construction materials and geotechnical engineering, has announced this year’s international Future Concrete conference will focus on managing construction sites, in response to industry trends and feedback. The 8th Future Concrete Conference will be held on August 25 at the Hilton Beirut Habtoor Grand ...

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• 23 August

  Yingli sees slower solar panel shipments

  

    Bloomberg Yingli Green Energy Holding Co. expects solar panel shipments to slow in the third quarter after demand from its biggest market in China held firm in the previous three months, helping it exceed guidance. The Chinese manufacturer of photovoltaic panels forecast deliveries of 300 to 400 megawatts in the quarter ending on Sept. 30, down from 662 megawatts ...

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• 23 August

  Iraq seeks more output before OPEC talks

  

    Bloomberg Iraq asked international oil companies to boost output just as other OPEC nations are heading for talks amid a global glut. Newly installed Oil Minister Jabbar Al-Luaibi called on companies to increase oil and gas production to boost national revenue, according to an e-mailed statement from the Oil Ministry on Tuesday. Crude output in OPEC’s second-biggest producer peaked ...

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• 23 August

  Over 11K hotel room projects in the pipeline in Doha

  

    Emirates Business Doha has 41 projects and 11,722 rooms in its hotel construction pipeline, according to a new report. The Doha Hotel Construction Overview report by TOPHOTELPROJECTS prepared exclusively for The Hotel Show Dubai 2016, reveals that Doha is the 3rd busiest city in the Middle East and Africa for hotel construction, behind only Dubai (133 projects) and Riyadh ...

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• 23 August

  Brexit delay risks triggering a shotgun divorce

  

    It’s been exactly two months since Britain voted to quit the European Union. Since then, the silence on how the divorce proceedings will be conducted has been deafening. It’s an impasse that helps neither side and, once Europe’s August holiday season is over and the region’s politicians are back at their desks, there’s a risk that things could turn ...

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• 23 August

  The age of the never-ending performance review

  

    The annual performance review seems to be on its way out at U.S. corporations. Prominent companies have been ending the practice of numerically ranking employees as well. Sounds great! Performance reviews are a pain, right? If you think getting rid of them might betoken a kinder, gentler, mellower approach to human resources, though, you might want to check out ...

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• 23 August

  India’s Central Bank governor must stay independent

  Urjit Patel, the new governor of the Reserve Bank of India, has a hard act to follow. His predecessor and former boss at the central bank, Raghuram Rajan, was eminent at home and abroad, and set a high standard for talking truth to power — which could explain why he won’t be serving a second three-year term. Patel, Rajan’s quiet ...

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• 23 August

  Brazil can regain its economic might

    Brazil may have pulled off the Olympics, but its economy is still in doldrums. And the political chaos is adding to the economic misery. The country is grappling with the worst recession in more than a century as the economy shrinks sharply. Brazil’s GDP has fallen by 5.4 % year-on-year. The Organization for Economic Cooperation and Development (OECD) slashed ...

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• 23 August

  Suu Kyi’s challenge is to share power

  

    Yangon is suddenly a city of phablets. Nowhere in Asia, let alone Europe, have I seen so many supersized smartphones in public spaces, and with such egalitarian appeal: Pavement vendors selling early 20th century British guides to English grammar seem as transfixed by them as Yangon’s smart set playing Pokemon Go. For many in an isolated country, a 4G ...

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