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Business 05 Jul 2003 | 12:00 AM

US jobless rate in June jumps to nine-year high

The US jobless rate surged to a nine-year high in June as employers cut 30,000 workers from their payrolls, the government said in an unexpectedly gloomy report on the economy on the eve of the country's Independence Day celebrations.

Business 08 Jun 2003 | 12:00 AM

Dow up, Nasdaq finishes lower

Blue-chip stocks eked out slight gains on Friday amid renewed hopes for a recovery, but the Nasdaq finished lower on near record volume as investors booked profits from a rally on news of Oracle Corp#8217;s proposed takeover of software rival PeopleSoft Inc.

Business 08 Jun 2003 | 12:00 AM

Din's penchant for perfection pays off

Ahmad Fadzidin Arshad, or Din as he wants to be known, has achieved what most people can only dream of doing. He is managing director of a company, Aeradio Instrumentation Sdn Bhd (AI).

Business 27 Apr 2003 | 12:00 AM

US stocks fall, bonds gain

Stocks slumped on Friday while bonds rose as gloomy corporate news and a report showing anaemic US economic growth sent investors in search of a safe haven.

Business 12 Apr 2003 | 12:00 AM

US CEOs view on economy bleak

Chief executives at top US companies expect a weaker economic performance this year than in 2002, and many believe they will need to reduce payrolls over the next six months, a new survey has found.

Business 08 Apr 2003 | 12:00 AM

Little hope seen for post-war boom in US

The US economy seems to have all but stalled in recent months #8211; or perhaps even contracted #8211; and a raft of gloomy data have economists worried that a revival may be difficult even if the Iraq war ends swiftly.

Business 06 Apr 2003 | 12:00 AM

Modest gains for blue chips

Blue chips scraped out modest gains on Friday as US-led forces closed in on Baghdad, but technology stocks slumped under the weight of earnings warnings from companies like software maker PeopleSoft Inc.

Business 27 Mar 2003 | 12:00 AM

US consumers fret about war and jobs

The latest snapshot of US consumers has shown that confidence was near decade lows even before the grim realities of war in Iraq invaded TV screens, and that pervasive worries about jobs could stifle any relief rally once the conflict is over.

Business 22 Mar 2003 | 12:00 AM

Better outlook seen in residential, auto sectors

A BETTER outlook is expected in the residential property and automotive sectors in the short-term, the Malaysian Institute of Economic Research (Mier) said in its 4th quarter Sectoral Survey conducted recently.

Business 20 Mar 2003 | 12:00 AM

Fed holds fire on rates, pledges surveillance

US Federal Reserve policy-makers have held interest rates at 1961 lows, contending that uncertainties caused by the pending war in Iraq are so extreme they could not gauge the American economy#8217;s prospects.