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French PM booed by young Socialists as party split over pro-business policy

LA ROCHELLE, France, Aug 30- Young Socialist Party members booed the French prime minister at a party dinner on Saturday, calling for the resignation of his economy minister, whom they accuse of favouring business over Socialist ideals, participants said on Sunday. "They shouted' Macron resign'," party member Marise Faye said of a group of youths at the Socialist...
Source: Reuters
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
'Good reason' to see higher US prices: Fischer

U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Fed to raise rates gradually, Vice Chairman Stanley Fischer said.
Source: Reuters
WRAPUP 1-Fed's Fischer sees inflation rebound, allowing gradual rate hikes

*Fed, BoE sound confident notes in face of China fears. JACKSON HOLE, Wyo., Aug 29- U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown. The cautious confidence from...
Source: Reuters | By: Jonathan Spicer and Howard Schneider
UPDATE 1-Poll lead for Greece's Syriza narrows as Tsipras presses for new mandate

ATHENS, Aug 29- Former Greek premier Alexis Tsipras urged supporters on Saturday to give him a fresh mandate to complete the country's political transformation, as polls showed his leftist Syriza party's lead slipping ahead of elections next month. Tsipras abruptly resigned last week, days after clinching an 86 billion-euro bailout package from Greece's...
Source: Reuters | By: as much as 15.2 percentage points in May. But the gap has
UPDATE 1-'Good reason to believe' U.S. inflation will rise -Fed's Fischer

JACKSON HOLE, Wyo., Aug 29- U.S. inflation will likely rebound as pressure from the dollar and other factors fade, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday. The influential U.S. central banker was circumspect whether he would prefer to raise rates from near zero at a much-anticipated policy...
Source: Reuters | By: Jonathan Spicer and Howard Schneider
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
Algae drives down property values on Lake Champlain

GEORGIA, Vt.- The two cottages on the shore of Lake Champlain will someday be passed down to her children but Enid Letourneau worries the algae that turns the shoreline pea-soup green each August means they won't amount to much of an inheritance. The algae, which can be toxic to humans and dogs, prompted the town of Georgia to reduce the property values $50,000 each...
Source: The Associated Press | By: By LISA RATHKE, Associated Press
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...
Source: Reuters
UPDATE 1-Largest Dutch pension fund exits Mylan over death penalty concerns

AMSTERDAM, Aug 29- The Dutch public employees' pension fund, the world's third largest, has sold all its shares in pharmaceuticals maker Mylan after it emerged that one of the company's products is in stock at a U.S. prison where death sentences are carried out. The move by ABP, which had $416 billion in assets in 2014 according to consultancy Towers Watson, is thought...
Source: Reuters | By: Thomas Escritt