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Business 24 Jun 2005 | 12:00 AM

Aussie coalition partner won't automatically support Telstra sale

The new leader of a junior governing coalition party said Friday he would only support the 30 billion Australian dollar (US$23 billion; euro19.06 billion) sell-off of the government's stake in Australia's former telecom monopoly if services for rural areas are improved.

Business 08 Jun 2005 | 12:00 AM

Banks still providing share margin financing

Barely a week after several bank chief executives came out strongly to allay fears that they were not pulling the plug on share margin financing, Hong Leong Bank Bhd has come under fire for continuing to maintain a very long list of so-called 'non-marginable'' stocks.

Business 24 May 2005 | 12:00 AM

European stocks end higher

European shares ended higher Monday, with German stocks lifted by hopes for a new government after Chancellor Gerhard Schroeder called for early national elections.

Business 13 May 2005 | 12:00 AM

China’s yuan peg revisited

Mounting US trade deficits and surging Chinese exports have fuelled speculation in global currency markets of a yuan revaluation.

Business 12 Apr 2005 | 12:00 AM

Keng Yaik: Govt to wait for outcome of forum on power hike

THE government will wait for the results of a consultative forum before allowing an increase in electricity tariffs, said Energy, Water and Communications Minister Datuk Seri Dr Lim Keng Yaik.

Business 22 Mar 2005 | 12:00 AM

EU eases budget pact

European Union (EU) finance ministers have reached a deal to relax much-flouted budget rules that underpin the euro, bowing to Germany's key demand that its hefty unification costs be excused.

Business 14 Mar 2005 | 12:00 AM

The long and short of foreign labour

THE Government's recent proposal to allow foreign workers, currently restricted to sectors such as palm oil plantations, construction, restaurants and domestic help, to work on farms and in small- and medium-scale industries, has contributed further to the controversial debate over the large presence of migrant workers in the country.

Business 10 Mar 2005 | 12:00 AM

Bush not planning to tap petroleum reserves

President George W. Bush said Wednesday that high gasoline and oil prices are legitimate concerns'' for Americans and the answer is a long-range energy plan that includes drilling in an Arctic wildlife refuge.

Business 10 Mar 2005 | 12:00 AM

US stocks sink on prospect of higher rates

Volatile oil prices and a weak dollar sent stocks plunging Wednesday as the prospect of inflation and rising interest rates sank in on Wall Street.

Business 06 Mar 2005 | 12:00 AM

All ears when Greenspan talks

Federal Reserve Chairman Alan Greenspan seems like he's everywhere these days, peering out from black horn-rimmed glasses and waxing on about Social Security, Medicare, deficits, consumption taxes, financial illiteracy, even liquefied natural gas.