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Market closes week on a high

Despite the Middle East conflict, roiling oil prices and a sagging housing market, Wall Street closed out the week Friday on a high as traders betted the Federal Reserve would pause its rate hike cycle.

US economy sends signals it is shifting to lower gear

WASHINGTON (AP) - The U.S. economy appears to be shifting into a lower gear with residential construction falling sharply and manufacturing activity slowing. The big question: Will the slowdown come in time to keep inflation from heating up?

US stocks end lower on Fed chief's comment

NEW YORK (AP) - Wall Street's interest rate anxiety sent stocks moderately lower Monday after comments from Federal Reserve Chairman Ben Bernanke compounded investors' concerns about surging oil prices and a weak U.S. dollar.

RM200bil to be set aside for construction

The development allocation for the construction sector under the Ninth Malaysia Plan (9MP) could well reach RM200bil, an 18% increase from the RM170bil spent under the 8MP, analysts said.

Ups, downs mark NY World Trade Center development

NEW YORK (Reuters) - New York officials on Thursday hailed the return of some major corporations to Lower Manhattan as progress following the Sept. 11, 2001, attacks, even though development of the World Trade Center site has stalled.

US stocks rise as inflation fears ease

NEW YORK: Inflation-friendly economic data eased Wall Street's inflation fears Thursday and sent stocks sharply higher, giving investors hope that the November rally would continue through year-end.

US economy appears to be gaining strength

NEW YORK: Manufacturing expanded in November in industries ranging from apparel to tobacco, a widely watched survey showed on Thursday, and several other reports painted a picture of a U.S. economy gaining strength.

China's economy set to expand at slower rate

SHANGHAI, China: China's urban spending on construction, factory equipment and other fixed assets rose at its fastest pace so far this year in September, the government reported Tuesday, though the country's top economic planner forecast slower growth in years to come.

Light at the end of the tunnel for construction?

The construction sector may have lost much of its sparkle among investors but most analysts believe that things may just perk up next year following the implementation of the Ninth Malaysian Plan (9MP).

South Korea unveils plan to boost economy

South Korea aims to funnel part of an estimated 800 trillion won (US$775.1bil) in the domestic financial system into construction projects to boost flagging economic growth, Finance Minister Lee Hunjai said yesterday.