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KUALA LUMPUR: Kenanga Investment Research is maintaining its Overweight recommendation on Malaysian real estate investment trusts (MREITS) despite the 25 basis points rise in the Overnight Policy Rate (OPR) to 3.25%.
There is a new business trend in town, and it appears to be picking up speed.
BERLIN: The head of Germany's Bundesbank has criticised the European Central Bank's (ECB) recent cut in borrowing costs and its pledge to buy repackaged debt, saying they took pressure off governments to implement needed reforms.
Often my conversations with friends invariably touch on the aches in our backs, shoulders, necks and occasionally, joints.
WASHINGTON: Former US Treasury Secretary Timothy Geithner on Tuesday defended the government's rescue of American International Group Inc in September 2008, saying it was necessary to prevent the country from plunging into a second Great Depression.
BERLIN: The last thing the faltering European economy needs right now is a sudden downturn in Germany, the bloc's pillar of strength. But a bout of German weakness may be precisely what is required to convince Angela Merkel to loosen the fiscal reins at home and provide Europe with a dose of stimulus that struggling states like France and Italy have long been seeking.