UPDATE 1-Bank of England stance on rates unchanged by China - Carney JACKSON HOLE, Wyo., Aug 29- Bank of England Governor Mark Carney said on Saturday that a slowdown in China's economy could push down further on inflation but it did not change, for now, the central bank's position on when and how it might increase interest rates. Their evolution needs to be monitored, not taken for granted, "he said, before adding the direct exposure of...
| By: Howard Schneider and Jonathan Spicer
Fed Vice Chair Fischer keeps open possibility of Sept. hike WASHINGTON- Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank's target level have likely begun to fade. Investors have been trying to determine whether the Fed might still be on course to raise interest rates after its Sept. 16-17...
Source: The Associated Press
| By: By MARTIN CRUTSINGER, AP Economics Writer
Myanmar sets $2.80 daily minimum wage in bid to boost investment YANGON, Aug 29- Myanmar has set a minimum wage of 3,600 kyat for an eight-hour work day, a move likely to boost investment in the fast-growing country's garment industry. Myanmar's government has targeted garments for rapid growth, and Saturday's statement may help spur this, as it gives clarity on the law and labor costs to global apparel brands buying clothes...
Cramer: Ignore temptation! Do not sell FANG Jim Cramer knows that many of the FANG faithful are tempted to sell. He makes the case as to why Facebook, Amazon, Netflix & Google could still surge.
| By: Abigail Stevenson