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Philippine shares ended marginally lower Friday as political concerns continued to weigh on market sentiment ahead of next year's elections, traders said.
Robust business and consumer spending powered the US economy ahead in the third quarter at an even brisker clip than first thought, according to government data that also showed the biggest jump in corporate profits in more than a decade.
Philippine shares ended mixed Monday, with late bargain-hunting limiting the weak market sentiment spurred by Finance Secretary Jose Isidro Camacho's resignation, traders said.
B>BEIJING: /B>China struck back at the United States over a cap on some textile imports yesterday, saying the move went against the spirit of free trade and hinting at possible retaliation.
Many CEOs say that they expect the Kuala Lumpur Stock Exchange (KLSE) to perform even better in 2004.
Sir Martin Sorrell, head of WPP Group Plc, was in Kuala Lumpur on Tuesday as part of a three-week visit to Asia. How he bought over Wire and Plastics Products (WPP), a maker of wire shopping carts, 18 years ago and turned it into the world's largest advertising and market services group is now textbook stuff taught in business schools. After doing a video conference with analysts in London on the group's third quarter results, Sir Martin sat down with WONG SULONG for an interview.
The federal deficit soared to $374.2 billion in 2003, the White House said, a record total that more than doubled last year's red ink and looked like a prelude to even gloomier numbers.
MALAYSIAN chief executive officers (CEOs) are more bullish on the local economic conditions over the next 12 months, with almost three-quarters of those polled by the third quarter 2003 Malaysian TEC Confidence Index expecting improved conditions compared with only 24% in the second quarter.
By Dr ANAMAH TAN.
Asia's economies have largely shrugged off the impact of SARS and are on course to post stronger growth next year, but investment is set to remain subdued due to a rash of upcoming elections and some structural obstacles, the Asia Development Bank (ADB) said yesterday.