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Business 18 Sep 2003 | 12:00 AM

Fed holds key rate at 1%

B>WASHINGTON:/BAs widely expected, the Federal Reserve has opted to keep US interest rates at 45-year lows, and said they would stay down for a long time to lift an economy that is losing jobs.

Business 11 Sep 2003 | 12:00 AM

NYSE chairman defends US$48m pay

New York Stock Exchange (NYSE) chairman Richard Grasso has come out in defence of his US$140mil pay and benefits package against critics who say it is too high, but said he would forgo US$48mil in additional benefits.

Business 09 Sep 2003 | 12:00 AM

Non-audit fees fall at accounting firms

The world's Big Four accounting firms have seen their non-audit fees fall 27% this year as they secure less consulting work from audit clients amid conflicts of interest concerns, according to a report over the weekend.

Business 04 Sep 2003 | 12:00 AM

China agrees on eventual yuan reform

B>BEIJING: /B>China and the United States have agreed that the yuan should eventually float freely, but Beijing resisted calls by visiting US Treasury Secretary John Snow to speed up the process, fearing it would worsen unemployment.

Business 02 Sep 2003 | 12:00 AM

Zeti to speak at bankers summit

THE Asian Banker Summit 2003 themed I>Revisiting the Core Proposition in Difficult Times/Iwill be held at the Mandarin Oriental Hotel, Kuala Lumpur, from Sept 15 to 17.

Business 01 Sep 2003 | 12:00 AM

Need for highly skilled workforce

A STUDY by consulting firm AT Kearney indicated that Malaysia had fallen out of the top 25 destinations for FDI, after having been ranked 22 for the past two years. Among the reasons mentioned are the shortage of high-skilled labour and rising labour costs, both of which form a major component of the cost of doing business in Malaysia.

Business 04 Aug 2003 | 12:00 AM

How to evaluate funds

THESE days, the average investor relies on fund performance data to evaluate, buy or sell unit trust funds. He may scrutinise his fund#146;s ranking on Lipper, or the Standard amp; Poors fund performance data. However, he may not be aware that this may lead him to make unwise investment decisions.

Business 02 Aug 2003 | 12:00 AM

Zarinah: Independent directors must play their role effectively

DESPITE the capital market#039;s efforts to improve corporate governance, the appointment of independent directors, in many cases, remains one of form over substance, says Securities Commission (SC) deputy chief executive Datin Zarinah Anwar.

Business 26 Jul 2003 | 12:00 AM

3,000 businessmen to attend meet

MORE than 3000 Chinese entrepreneurs will be arriving in Kuala Lumpur over the weekend for the 7th World Chinese Entrepreneurs Convention (7th WCEC) to be held at the Sunway Pyramid Convention Centre.

Business 25 Jul 2003 | 12:00 AM

WCEC gets good response from businessmen

EXCLUDING the host country Malaysia, Chinese entrepreneurs from 20 countries are expected at the I>7th World Chinese Entrepreneurs Convention /I>(7th WCEC) next week.