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Leading central banks, which have pulled together to tackle the global credit crunch over the past six months, have shown far less co-ordination over monetary policy.
WASHINGTON (AP) - Federal regulators on Wednesday took measures aimed at reining in aggressive forms of short-selling that were blamed in part for the demise of Lehman Brothers and which some feared could be used against other vulnerable companies in a turbulent market.
VIENNA, Austria (AP) - An OPEC attempt to stem the free-fall in oil prices has fizzled with crude plunging to lows last seen 15 months ago on world economic fears, despite the 13-member group's decision to slash production by a daily 1.5 million barrels.
The Federal Reserve, urgently rewriting its playbook to fight a deepening recession, cut its benchmark interest rate to as low as zero Tuesday, a surprisingly strong step that should make it cheaper for Americans to borrow on credit cards and pay their mortgages.
Although the recent 50-basis-point cut in the statutory reserve requirement (SRR) is designed to lower the cost of funds, banks are still stringent and selective in their lending activities.
The CEO's position at Bursa Malaysia Bhd is truly a hot seat. In a way, he is answerable to every participant in the exchange. Considering that Datuk Yusli Mohamed Yusoff has been heading Bursa since March 2004, it is no surprise he has gamelyagreed to fi eld our readers' questions.