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  Lagos / AFP Investors won’t necessarily be surprised if the Federal Reserve embarks upon another edition of quantitative easing when the next US recession hits. What would come as a shock is if the central bank decided to purchase assets before exhausting its more traditional form of accommodation: rate cuts. But that approach might be just what the doctor ...

  Bloomberg Federal Reserve officials spent 2015 pining for a pickup in US wage gains. For the heads of the district banks, anecdotal evidence existed in their own paychecks. Fed presidents saw a 4 percent average salary increase last year, following a 6.6 percent bump in 2014, according to the central bank’s annual report released. Those gains follow a pay ...

  Bloomberg U.K. housing activity may cool in the coming months after the rush to beat a tax increase boosted the market in the first quarter, though prices should continue to rise, Nationwide Building Society said. The average price of a home rose 0.2 percent to 204,368 pounds ($296,000) in May, matching the pace in April, the lender said on ...

  Bloomberg Hot housing markets in Vancouver and Toronto prompted Bank of Nova Scotia to ease off on mortgage lending in those cities, Chief Executive Officer Brian Porter said. “We’re a little concerned about housing prices in the greater Vancouver area and Toronto,” Porter, 58, said in an interview on Bloomberg TV Canada. “We just took our foot off the ...

  Bloomberg The U.S. Supreme Court gave landowners a new avenue to challenge some federal regulatory decisions affecting their property rights, in a case that three conservative justices said raised troubling questions about government overreach. The 8-0 ruling said landowners can go straight to court after federal regulators decide that a piece of property containing wetlands is covered by the ...

  Bloomberg Time is running out for the 70 acres of sugar cane and fruit that Balasaheb Pandharinath Shende farms in India’s Maharashtra state. After two years of drought, his fields are parched and his wells have dried up. Monsoon rains that usually arrive this time of year should help, but the government says they will be at least a ...

  Jakarta / AFP When HeniKarmila sought to find a doctor for her ailing mother using Indonesia’s new healthcare system, she faced a nine-hour wait in a line outside a crowded public hospital in Jakarta. “The queue at the hospital is always very long, packed with young and old people, pregnant women, people who have had accidents, those in need ...

  RITIKA SHARMA / Emirates Business Ali Al Baker, a economic analyst , oil and gas financial planner and the publisher of Curiosity Middle East (ME), a high-end travel industry oriented publication, has voiced much-regarded opinions about various topics pertaining to economy of the region. With strong and well-rounded business-development expertise along with in-depth understanding and experience of varied industries, ...

  Our Correspondent / EMIRATES BUSINESS GREE Appliances Inc — the Chinese giant in the heating, ventilation and air-conditioning (HVAC) industry — has rapidly grown from annual sales of 40,000 units in its first year of operation, to a manufacturing capacity of 65 million units in 2015. With over 800 million usersin 213 countries, GREE is the largest specialised air ...

  DUBAI / EMIRATES BUSINESS A Dubai Government delegation, led by the Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED), concluded a successful tour of three prominent cities in Canada in a bid to explore commercial and investment partnerships for promoting sustainable and innovation-driven economic development. The delegation comprising officials from Jafza, Dubai ...