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Business 24 Jun 2009 | 12:00 AM Premium

Obama concedes unemployment will rise above 10%

WASHINGTON: Amid rising public impatience with an economy now under his watch, President Barack Obama on Tuesday said his administration needs to push money out faster to initiate a recovery.

Business 16 Jul 2009 | 12:00 AM Premium

Fed says US unemployment will top 10% this year

WASHINGTON: The Federal Reserve expects the U.S. economy this year will sink at a slower pace than it previously thought, but that unemployment will top 10 percent and remain high for the next few years, according to a new forecast released Wednesday.

Business 21 Jul 2009 | 12:00 AM Premium

US cconomic indicators up more than expected in June

NEW YORK: More plans to build homes, higher stock prices and fewer people filing first-time claims for jobless aid sent a private-sector forecast of U.S. economic activity higher than expected in June.

Business 30 Jul 2009 | 12:00 AM Premium

Mixed views on Unisem’s prospects

PETALING JAYA: Although Unisem (M) Bhd is expected to remain profitable this year after it returned to the black in the second quarter, analysts have mixed views on the company's prospects.

Business 21 Aug 2009 | 12:00 AM Premium

Oil prices dip further Friday(Update)

SINGAPORE: Oil prices fell to near US$72 a barrel Friday in Asia as mixed economic data from the U.S. point to a slow recovery.

Business 22 Aug 2009 | 12:00 AM Premium

US budget, US$2 trillion higher deficit projected

WASHINGTON: The Obama administration expects the federal deficit over the next decade to be US$2 trillion bigger than previously estimated, White House officials said Friday, a setback for a president already facing a Congress and public wary over spending.

Business 27 Aug 2009 | 12:00 AM Premium

US national debt forecast to double over next 10 years

WASHINGTON: The US national debt will nearly double over the next 10 years, government forecasts showed on Tuesday, challenging President Barack Obama's economic and healthcare overhaul agenda.

Business 08 Sep 2009 | 12:00 AM Premium

Japan said Tuesday current account surplus down 19.4%(update)

TOKYO: Japan's current account surplus in July fell 19.4 percent from a year earlier as exports tumbled amid a slow recovery in the global economy, the finance ministry said Tuesday.

Business 12 Sep 2009 | 12:00 AM Premium

LCL seeks partners for UAE projects

DUBAI: Interior fit-out (IFO) group LCL Corp Bhd will be looking at strategic partnerships with both local and foreign parties to financially support the sustainability of its future projects in the United Arab Emirates (UAE), according to group managing director Datuk Low Chin Meng.

Business 12 Sep 2009 | 12:00 AM Premium

Penang sees new hope amid global recession

THE liberalisation of the Penang property market to counter the challenges of the global recession has given the market new drive and inspiration.