BoE: Stance on rates unchanged by China woes 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.
China is growing at 'reasonable' pace despite pressures - Premier Li BEIJING, Aug 30- China's economy is growing at a "reasonable" pace and, despite growing pressure, the government can handle well the risks the country faces, Chinese Premier Li Keqiang said. Li said international market instability "has increased the uncertainties around the global economic recovery, and the impact on China's financial market and imports and...
| By: Dominique Patton
Day two: Malaysian protesters not backing down Protesters demanding the resignation of Malaysian Prime Minister Najib Razak over a financial scandal remained on the streets of the capital Sunday, after the first day of the massive rally passed peacefully despite police warnings that the gathering was illegal.
Source: The Associated Press
Despite raids, Macau pawn shops still help flout currency rules *Estimated HK $1.57 tln a year channelled through Macau. HONG KONG, Aug 30- Just days after authorities raided five pawn shops in the Chinese territory Macau, many of the neon-lit stores in the world's biggest gambling hub are still letting punters make fake purchases to skirt rules on how much cash they can take out of China. The transaction, which took less than 10...
| By: Farah Master
Puerto Rico government delays fiscal reform plan SAN JUAN, Aug 29- Puerto Rico will delay until Sept. 8 the completion of its fiscal reform plan, the commonwealth's government said on Saturday, citing time spent on contingency disaster planning by the government in the run-up to Tropical Storm Erika. A working group appointed by Puerto Rico Gov. Tropical Storm Erika hit the eastern portion of Puerto Rico early on...
| By: Nick Brown
At a virtual reality expo, VR comes in many forms LOS ANGELES- A few inches above the floor, a man is suspended from a swing-like apparatus pretending he's flying over a mountain. At the third annual VRLA, a gathering of VR creators and enthusiasts in Southern California, the immersive technology transported more than 2,000 attendees beyond the walls of the Los Angeles Convention Center to other countries,...
Source: The Associated Press
| By: By DERRIK J. LANG, AP Entertainment Writer
China crisis covers tracks of Japan *China crash most closely matches Japan's in early 90 s. *China more active, Japan response too little, too late. The abrupt end of Japan's boom in the 1990 s, complete with stock crash and property bust, offers the most striking similarities, and the most valuable lessons.
| By: Vidya Ranganathan
Beijing battens down, cranks up propaganda ahead of war parade *Japanese in China worried about anti- Japan sentiment. BEIJING, Aug 30- Beijing is battening down the hatches and cranking up the propaganda ahead of a massive military parade this week to mark the end of World War Two, shooing cars from streets and shutting factories for the Communist Party's biggest event of the year. Some 12,000 soldiers will march through...
| By: Ben Blanchard