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August, 31, 2016

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Business
It's perhaps the most contrarian move in investing today: Trust a stock picker. Investors have been dumping funds run by managers who try to beat the market, and they're pouring money instead into those that track the Standard & Poor's 500 or other indexes.
 
Minister of Economic Affairs Lee Chih-kung (李世光) said Taiwan was suited for smart manufacturing development because of its solid foundation in manufacturing, as well as its partnership with Germany, which is known for industry 4.0 development.
 > Taiwan
 
Shares in Taiwan closed slightly higher Friday in thin trading as many investors were cautious ahead of a speech by U.S. Federal Reserve Chairwoman Janet Yellen later in the day at a global central banker meeting in Wyoming, dealers said.
 
The Obama administration is nominating current World Bank President Jim Yong Kim for a second term leading the 189-nation international lending organization.
 
Uber lost at least US$1.27 billion in first half of year: report
The on-demand car ride service Uber lost at least US$1.27 billion in the first half of this year, Bloomberg reported on Thursday, citing sources close to the matter.
 
Japanese inflation continued to disappoint in July, according to data released on Friday, with consumer prices dropping for a fifth straight month in the latest blow to Tokyo's faltering war on deflation.
 > Japan
 
The U.S. airline JetBlue will make the first regular commercial flight between the United States and Cuba in more than half a century next Wednesday, the Cuban authorities said Thursday.
 
Amazon is starting a site offering research, reviews and other information on new and used cars.
 
There was little sign of Brexit uncertainty in a monthly survey of German consumers on Friday, with the public's mood almost unchanged in August compared with July.
 
Britain's economic growth picked up speed in the second quarter, official data confirmed Friday, but economists expressed concern about the longer-term impact of Brexit.
 
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