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September, 1, 2016

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Business
Bold moves, tepid gains: Have central banks met their limit?
The world's key central banks have worked themselves into contortions to try to rev up economic growth, raise inflation and coax consumers and businesses to borrow and spend more.
 
Clean air but murky policy as Yellen speech awaited
If US Federal Reserve chief Janet Yellen chooses to use her closely watched address on Friday to clear the air, she will have plenty of clearing to do.
 
Putting the ice in iced coffee
A federal judge has thrown cold water on a lawsuit that claimed Starbucks defrauded customers by adding ice to its cold beverages like that shown in this file photo.
 
The U.S. stepped up its fight against the European Commission's (EC) crackdown on tax avoidance by Apple and other multinational companies, accusing the commission of unilateralism and overstepping its mandate.
 
European stocks slid Thursday in choppy trade as investors eyed poor German data and recent oil price falls, on the eve of a speech by Federal Reserve boss Janet Yellen.
 
Shares in Taiwan closed above the 9,100-point mark Thursday as the electronics and financial sectors rebounded from the recent sessions, dealers said.
 
The U.S. dollar was barely moved Thursday ahead of a speech by Federal Reserve boss Janet Yellen that could shed light on whether a 2016 rate hike is still on the cards.
 
The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.102 to close at NT$31.670 as aggressive foreign institutional buying in local equities gave a strong hint to currency traders to pick up the local currency, dealers said.
 
The number of unemployed young people is set to swell by 500,000 worldwide this year to reach 71 million, marking the first hike in three years, the U.N. said Wednesday.
 
U.S. homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.
 
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