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Bank lending for ‘real economy’ key to boost China growth: central bank official - Dotemirates
16/02/2019

Bank lending for ‘real economy’ key to boost China growth: central bank official

SHANGHAI: China should encourage its banks to support smaller, private firms in the real economy, rather than forced lending or policies such as quantitative easing, a state newspaper quoted a central bank official as saying on Saturday.“The central bank doesn’t wish to use administrative methods to require banks (to lend),” Sun Guofeng, head of the monetary policy department at the People’s Bank of China (PBOC), told the Financial News, a bank publication.“It wants to establish positive encouragement mechanisms though monetary policy tools to encourage banks to actively increase their support for the real economy, especially toward smaller and privately-owned firms,”...


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James Bond Is Getting an Electric Aston Martin

James Bond is not an activist. There's the boozing, the womanizing, the license to kill. More than a few submarines downed in the ocean. That mess on the Russian border couldn't have been good for anybody. But Daniel Craig is not a typical James Bond. And Cary Joji Fukunaga is not a typical director. With that pair teamed up for the next entry in the franchise, we're about to see another side of the British super-spy: Environmentalist.In the still-yet-to-be-named Bond 25, 007 is taking the wheel of a £250,000 all-electric Aston Martin Rapide E, per a report from the Sun....
15/03/2019

Tesla unveils Model Y SUV, expanding into popular segment

Tesla unveiled a new all-electric SUV on Thursday night that the automaker hopes will win over consumers looking for an all-electric alternative in the most popular segment of the auto market. Cheers from a hangar-packed crowd of Tesla customers, employees and members of the media welcomed a blue Model Y as it rolled out onto a stage next to the automaker's other models. "It has the functionality of an SUV, but it will ride like a sports car," CEO Elon Musk told the crowd. "This thing will be really tight on corners and we expect it will be the safest...
15/03/2019

Opec stresses need for 2019 oil supply cuts

Opec on Thursday cut the forecast of global demand for its crude this year as rivals boost production, building a case to extend a supply-cutting deal with Russia and other allies beyond the first half of 2019. In a monthly report, the Organisation of the Petroleum Exporting Countries said 2019 demand for its crude would average 30.46 million barrels per day, 130,000 bpd less than forecast last month and below what it is currently producing. Opec, Russia and other non-Opec producers, an alliance known as Opec+, agreed in December to reduce output by 1.2 million bpd from Januart 1 to...

15/03/2019

Why the Bank of Japan is gloomier on its economy

The Bank of Japan issued a more downbeat assessment of the world's third biggest economy on Friday, as a broader global slowdown impacts exports and production. The central bank kept its ultra-loose monetary policy in place after a two-day policy board meeting, as it battles to safeguard fragile growth and kindle inflation that is stuck stubbornly below its 2 per cent target. The bank added to its monetary policy statement the view that "exports and production have been affected by the slowdown in overseas economies". But the BoJ also argued that "Japan's economy is expanding moderately" and maintained its aim...
15/03/2019

Takreem turns 10: Pioneers gather from across Arab world in prelude session

Takreem, the annual awards ceremony that awards Arab excellence in the fields of science, business and more, held its Selection Board Dinner yesterday at the Boustan Hotel in Lebanon. Jury members, previous winners, and the press were all in attendance. The dinner was preceded by a session aptly named “Voice Your Dreams, where remarkable Arab men and women shared memorable emotional experiences, human stories and their dreams for a better Arab world. Among the themes discussed were the importance of Arab women, Arab excellence in science, humanitarian achievements, and more. “It is through collective voices coming together that we try...

2019 Ford Figo facelift launch today

Expected to be priced from Rs 4.99 lakh to Rs 7.99 lakh (ex-showroom). Gets new, more powerful 1.2-litre and 1.5-litre petrol engines. Will be offered in three variants. Titanium Blu is the new top-spec variant. Segment-first side and curtain airbags are limited to the top variant. Ford is set to launch the 2019 Figo facelift in India today. It will be available in three variants - Ambiente, Titanium and Titanium Blu - and is expected to be priced from Rs 4.99 lakh to Rs 7.99 lakh (ex-showroom). Now that we’ve received all the details as well as seen the images...