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SAN JOSE, California (AP): Wim Elfrink's climb up the corporate ladder has taken him from Holland to France, Italy, Switzerland and the United States.
Last year, the stock market surged by 21.8%, or 196points, to close at 1,096.24 compared with 899.79 at theend of 2005. Logically, all investors should have madehandsome returns. However, a lot of people were stillcomplaining about not getting good returns last year.Starting today, StarBizw ill feature a fortnightly columnon issues facing the retail investor.
FINALLY, the inevitable is beginning to unfold, with the US dollar climbing down from dizzy heights. There has been a consensus among the analysts for quite a while that the strong dollar was neither sustainable nor desirable, given the huge budget and current account US deficits.
TOKYO (AP): Japan's economy expanded for the seventh straight quarter in the second fiscal quarter, as surprisingly robust corporate investment added to a boom that's growing to be the longest stretch of expansion for the nation since World War II.
Local equity researchers believe that the current market conditions are conducive for investing in selected stocks going into 2007, but at the same time said it would be 'difficult' for the KL Composite Index (KLCI) to breach 1,000 points this year.
The financial meltdown of dotCom companies in the US in 2000 had led investors to shift their money and energies back to old economy companies.