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LOCAL companies affected by the euro's two-year long appreciation and expecting a reprieve after the currency fell to a four-month low against the US dollar at US$1.1995 yesterday, could still see their hopes dashed.
EQUINE Capital Bhd (ECB) has achieved net profit of RM9.3mil in the financial year (FY) ended March 31, 24% higher than the forecast profit of RM7.5mil.
Asian stock markets continued to be dogged by worries about an impending US interest rate rise but that did not prevent Australia's benchmark index from reaching an all-time high yesterday.
DRB-HICOM Bhd has confirmed a recent I>StarBiz/Ireport that the company was planning to increase its shareholding in EON Capital Bhd (ECB) to about 20%.
Growth in the euro-zone economy slowed sharply in the third quarter, led by weaker-than-expected results in France and Germany, and is expected to remain sluggish in the next six months.
European Union officials Monday urged the United States to curb its deficits to help bolster the sagging US dollar amid fears a strengthening euro would stifle Europe's fledgling economic recovery.
England's five-match cricket tour of Zimbabwe will go ahead after a ban on 13 British journalists was rescinded.
England's cricket team touched down in Harare Friday, two days later than planned due to a row over accreditation for the majority of British media covering the controversial Zimbabwe tour.
Signs of shaky economies in France and Germany have sharpened worries about Europe's less-than-robust recovery - and underscored the struggle to shake up regulation-clogged economies in countries that use the euro.
Japan issued a fresh warning against a rising yen yesterday, despite growing complaints from European leaders about Asian currency levels, saying it would step into the market if exchange rates deviate from fundamentals.