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PETALING JAYA: The Asian region holds the greatest promise of recovering early from the global downturn compared with other parts of the world, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz told the i>Wall Street Journal/iin Beijing yesterday.
BEIJING: Chinese prices fell in May for a fourth month as food and energy costs declined from last year's high levels, data showed Wednesday, giving Beijing a freer hand to carry out its huge stimulus plan.
WASHINGTON: Ten of the biggest U.S. financial companies got a green light Tuesday to return $68 billion in federal bailout money - freeing the banks from limits on executive pay and leaving the government with a small gain on the rescue cash.
SINGAPORE: The chief executive of GlaxoSmithKline, the world's second-largest drug maker by revenue, said the global economy could remain sluggish for some time as tight credit markets and cautious corporate investment hamper growth.