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Business 23 May 2003 | 12:00 AM

Zeti: Minimise reduction in deposit rates

BANKS have been urged to minimise the adjustments to their deposit rates following the cut in Bank Negara#039;s intervention rate, a move intended to reduce the cost of funds to businesses.

Nation 23 May 2003 | 12:00 AM

Chinese associations welcome RM8.1bil stimulus

From the Chinese Press.

Business 05 Jun 2003 | 12:00 AM

Greenspan talks of rate cut

US Federal Reserve chairman Alan Greenspan said overnight that it may be wise to lower interest rates as #8220;insurance#8221; against deflation even though the American economy appeared set to pick up.

Business 07 Jun 2003 | 12:00 AM

Aussie central bank shifts policy towards rate cut

Australia#8217;s central bank said yesterday it may follow its peers in cutting interest rates if the global economy did not improve, shifting to an easing bias from a neutral stance in place since last November.

Business 13 Jun 2003 | 12:00 AM

US economy still in doldrums

The end of the Iraq war provided some boost to US business and consumer sentiment in recent weeks, but not enough to lift the economy out of its doldrums, the Federal Reserve said.

Business 15 Jun 2003 | 12:00 AM

Stocks fall as sentiment sours

B>NEW YORK:/BUS stocks slumped on Friday after a consumer sentiment gauge soured in June, while bond prices continued their upward march as traders saw more reason for the Federal Reserve to keep interest rates low.

Business 18 Jun 2003 | 12:00 AM

Wall Street surge lifts Asian markets

STOCK markets in Asia got a lift yesterday from the strong gains seen overnight on Wall Street after an economic report showed strength was returning to the US economy.

Business 19 Jun 2003 | 12:00 AM

IMF: US recovery picking up pace

The US economy is recovering unevenly but growth should accelerate in the second half with the Iraqi war over and oil prices still low, according to the International Monetary Fund (IMF).

Business 20 Jun 2003 | 12:00 AM

Housing loans may get more attractive

THE cut in Bank Negara#146;s intervention rate by 0.5%, which results in a lower base lending rate, as set out in the recent economic package is expected to spur the demand for properties and further intensify competition among banks to offer attractive housing loan packages.

Business 22 Jun 2003 | 12:00 AM

Blue chips up but Nasdaq slips

US blue chips finished slightly higher on Friday as he hopes for an economic recovery were bolstered by bellwether General Electric Co's earnings forecast and investors anticipated an interest rate cut by the Federal Reserve next week.