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Powell says Fed will fix inflation, calls price stability 'bedrock' of economy
WASHINGTON: Calling stable prices the "bedrock" of the economy, Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank's battle to control inflation would "include some pain" as the impact of higher interest rates is felt, but that the worse outcome would be for prices to continue speeding ahead.
Putra Brand gives more awards this year
eCommerce segment included to reflect growing trend
Putra Brand Awards set to name winners
PETALING JAYA: The much awaited list of winners for the various categories of the Putra Brand Awards 2021 has been finalised. The survey to determine consumers’ choice brands in the different categories began on Aug 16.
Quarles to end role as chief watchdog of Wall Street banks
NEW YORK: Federal Reserve (Fed) vice-chairman for supervision Randal Quarles will be removed from his role as the main watchdog of Wall Street lenders after his title officially expires this week.
MAG’s Izham on IATA board of governors
KUALA LUMPUR: The Malaysia Aviation Group (MAG) managing director and group chief executive officer Captain Izham Ismail has been appointed to the board of governors (BoG) of the International Air Transport Association (IATA).
IATA appoints MAG's IZham as board of governors member
KUALA LUMPUR: The Malaysia Aviation Group (MAG) managing director and group chief executive officer Captain Izham Ismail has been appointed to the board of governors (BoG) of the International Air Transport Association (IATA).
Business summary from Sept 27-Oct 3
Sime Darby Property, Serba Dinamik, Amanah Saham Nasional, 12MP
Serba Dinamik restructures, appoints Mohamed Ackiel as new deputy CEO
KUALA LUMPUR: Serba Dinamik Holdings Bhd is implementing an internal restructuring exercise which entails the appointment of Dr Mohamed Ackiel Mohamed as deputy CEO with effect from today.
Fed's Powell pledges diversity focus in filling reserve bank openings
WASHINGTON: U.S. Federal Reserve Chair Jerome Powell on Thursday promised to redouble efforts to find "diverse candidates" to replace two high-profile officials who resigned this week after criticism of their securities trading, as the central bank tried to regroup from a blow to its typically staid, technocratic image.