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THE US dollar remained under pressure yesterday amid lingering fears of war even though Iraq has agreed to destroy its missiles and Turkey has refused to be used as a base for a US-led attack on Iraq.
THE WORLD#8217;S fragile economies may be tested to the hilt and could be faced with greater uncertainty even if the US-led forces achieve a quick victory in Iraq, economists said yesterday. A prolonged war, meanwhile, #8220;guarantees recession#8221;.
IT is not time to focus on a post-war recovery even though the war in Iraq has already started, as the possibility of the US slipping into recession remains high, according to Stephen Roach, the chief economist of Morgan Stanley.
Investment banks are set for their second big payoff in a week, with fees from France Telecom#8217;s multi-billion euro rights issue expected to reach more than 130 million euros (US$138mil), sources said.
MALAYSIA must create a dual track development strategy and a theme for global equity investors to attract more portfolio inflows, according to Daniel Lian, economist for South-East Asia at Morgan Stanley.