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The plastic temptation

Easy to come by and easy to chalk up a huge debt. With credit cards within the reach of just anybody, the temptation to spend and then suffer is a growing cause for concern.

A trail of stunned losers

Despite the irresistible scenery of the Alps'snow-capped mountains beckoning in the distance,delegates at the World Economic Forum had moresober thoughts as they sized up the challenges facingthe global economy.

Sarkozy angry with Noyer for SocGen delay - source

PARIS (Reuters) - French President Nicolas Sarkozy is angry with Bank of France Governor Christian Noyer for not having informed the government earlier about the losses at Societe Generale, a source close to the matter said on Friday.

Fed action, earnings soothe markets

The steep rebound in global stock markets has ignited hopes that the quick action by the US Federal Reserve (Fed) and the US government would be sufficient to avert what most investors dread - a recession in the United States.

Greenback still the favoured reserve currency

The US dollar is fighting on a tough battleground.

Facing external market forces

Malaysia did not escape the global stock market tumble at the beginning of the week. But this was due to external factors and should not be seen as an indication of the state of the country's economy.

Most Asian bourses extend gains

Malaysian stocks rose after a surprise interest rate cut in the United States helped calm nervous investors. Most Asian bourses extended gains for a second day, except those in Hong Kong, India, Thailand, Pakistan, Vietnam and Sri Lanka.

Big cap stocks among the worst hit

The big cap (large capitalisation) stocks, which are probably the bluest of the blue chips, are among the worst hit by the recent selling wave that swept across the globe.

Key quotes on economy and rate cut

Following are highlights of comments by participants at the World Economic Forum, which begins yesterday, on the prospect of an economic slowdown or recession.

Global markets to remain in a flux

ASIAN markets rebounded strongly in the wake of turmoil in global stock markets but is the sharp advance and a massive interest rate cut by the US Federal Reserve (Fed) sufficient to convince people a US recession will be avoided?