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14	Dezember 2018

ng Kong declined to comment. The U.S. Justice Department and the FBI could not be reached for comme

SEOUL， Sept. 6 (Xinhua) -- South Korea's economic recovery remains weak on the back of still lackluster private consumption and exports， a state-run think tank said Tuesday.

The Korea Development Institute (KDI) said in a monthly report that signs of overall economic recovery have yet to be detected amid slumping retail sales as well as faltering exports and facility investment.

The report said some economic indicators showed a modest growth that cannot lead to an overall recovery.

Industrial production in all industries increased 3.2 percent in July， but it was lower than a 4.8 percent expansion in the previous month.

Excluding ICT sector， production in the mining and manufacturing industries reduced 2.4 percent in July， with services industry production growing 2.7 percent in July after rising 5.4 percent in June. Facility investment tumbled 12.3 percent.

Retail sales gained 4.3 percent in July after expanding 9.0 percent in the prior month as temporary cut in consumption tax for cars ended at the end of June.

Auto sales by the country's carmakers in the domestic market reduced 10.6 percent in August from a year earlier.

Exports， which account for about half of the economy， grew 2.6 percent in August from a year ago， marking the first rebound in 20 months， but daily average exports declined 5.3 percent last month， bolstering concerns about the main growth engine of the export-driven economy.

The government had unveiled a supplementary budget plan worth 11 trillion won (10 billion U.S. dollars)， but it was passed last Friday through the National Assembly more than a month after the proposal. It remains uncertain whether the fiscal stimulus could have a fully positive effect on the economy.

Bank of Korea is expected to refrain from cutting its policy rate further as the U.S. Federal Reserve is widely forecast to raise interest rate at least once within this year.

The bank lowered its benchmark interest rate by 25 basis points in June to an all-time low of 1.25 percent.

Spanish tennis player Cheap San Francisco 49ers Jerseys , Rafael Nadal was this Tuesday named the greatest Spanish sports star in history.

The winner of 13 Grand Slam's and the current number 1 in the ATP world ranking, received the award at the Gala for the 75th anniversary of the Spanish sports paper Diario Marca on Tuesday.

Nadal was voted for by readers of the paper ahead of five times Tour de France winner, Miguel Indurain and basketball star, Pau Gasol, who is without doubt the greatest Spanish basketball player of all time.

Nadal's feats had been recognized by the readers of Marca in 2007 when he won the Marca Legend award.

The tennis ace has enjoyed a fantastic 2013, coming back from a career threatening knee injury to win events such as the French Open, as well as claiming his 25th and 26th ATP Masters 1000 titles in Montreal and Cincinnati, before then winning the US Open, beating Novak Djokovic in the final.

Djokovic would have his revenge by beating Nadal in the China Open, but the fact he reached the final of the event meant Nadal ends 2013 back at the top of the world rankings once again.

Apart from the special award for Nadal, the Marca gala also recognized the performances of many other Spanish sports stars, such as Formula 1 driver, Fernando Alonso and rally driver, Carlos Sainz, Gasol and the former captain on the Spanish women's national team, Amaya Valdemoro, cyclist Alberto Contador, Spanish national football team coach, Vicente dl Bosque and Real Madrid goalkeeper, Iker Casillas, among many others.

There was also time to remember some of the stars who no longer alive, such as golfer Severiano Ballasteros, footballers, Ricardo Zamora and Telmo Zarra and former basketball coach Antonio Diaz Miguel.

Former Goldman Sachs Group Inc (GS.N) banker Tim Leissner has been subpoenaed by the U.S. Justice Department in a money laundering probe linked to 1Malaysia Development Bhd (1MDB), Bloomberg reported on Monday.

Leissner was issued the subpoena in late February, days before Goldman confirmed that he had parted ways with the U.S. bank, Bloomberg reported, citing people briefed on the matter.

Leissner, who was the chairman of Goldman's Southeast Asia business since mid-2014, helped arrange the sale of U.S. dollar bonds for Malaysian state investor 1MDB, sources told Reuters in February.

Prosecutors in the Justice Department's kleptocracy asset-recovery unit are investigating whether funds were embezzled from 1MDB, by politically connected people in Malaysia, Bloomberg reported.

A spokesman for Goldman Sachs in Hong Kong declined to comment. The U.S. Justice Department and the FBI could not be reached for comment outside regular business hours.

Leissner or his representative was not immediately available for comment.

The U.S. government is reviewing Goldman's business relationship with the Malaysian wealth fund as part of a broader, wide-ranging investigation into 1MDB, an FBI spokeswoman told Reuters in October.

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