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August, 28, 2016

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Business
Trump win could cause global recession: Citi
If New York developer Donald Trump wins the White House in November, the global economy could slip into recession, according to a forecast from Citigroup Thursday.
 
Volkswagen's employee council chief is suggesting that the automaker consider taking stakes in suppliers after a dispute disrupted production in Germany.
 
Messy Brazil, foreign fortune-seekers' haven
Brazil is a mess, economists say, with the looming presidential impeachment vote fanning tensions in a country stricken by recession, corruption and inequality. So why are foreign businesses so excited?
 
Brewer AB Inbev expects thousands of job cuts in merger deal
The world's largest brewer, AB Inbev, says it expects to cut about 3 percent of its total workforce -- equivalent to thousands of jobs -- once it completes its huge merger with its closest rival, SABMiller.
 
Asian stock markets were mixed Friday, with investors preferring to sit on the sidelines ahead of U.S. Federal Reserve Chairwoman Janet Yellen's speech for cues on the timing of the next policy rate hike.
 
Volkswagen has reached a tentative deal with its U.S. dealers to compensate them for losses they said they suffered as a result of the company's emissions cheating scandal, attorneys for the carmaker and dealers told a federal judge Thursday.
 
Oil prices fell Friday as OPEC's key producers cast doubt on the need to cut output, denting hopes of a deal to tackle a global supply glut.
 
The Taiwan Stock Exchange (TWSE) has asked listed firms to disclose sensitive information earlier than was previously required to give investors quicker access to it and help them make more informed investment decisions.
 
The U.S. dollar dipped Friday as dealers focus on a speech by Federal Reserve boss Janet Yellen later in the day they hope will supply fresh clues about the central bank's outlook for the U.S. economy and monetary policy plans.
 
Switzerland may have voted against the controversial idea of paying all its citizens a guaranteed income, but Finland indicated Thursday it plans to try out a monthly basic payment of 560 euros (US$600).
 
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