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Business 29 May 2009 | 12:00 AM

US stocks up on relief over gov't debt auction

NEW YORK: Investors are finding fresh reasons to bet on an economic rebound. Stocks jumped Thursday as gains in commodities like oil signaled that traders expect a strengthening economy will demand more energy.

Business 28 May 2009 | 12:00 AM

Malaysia's economy contracts 6.2%

KUALA LUMPUR: The economy's contraction of 6.2% in the first quarter is worse than expected, with the central bank warning of more of the same in the second quarter, although a turnaround in the economy is seen in the second half of the year.

Business 18 May 2009 | 12:00 AM

Indian market forced to close as stocks rise 17.2% Monday (2ndupdate)

India's stock market surged more than 17 percent, forcing trading to close for the day, after the Congress Party's definitive victory in national elections put to rest fears of an unwieldy coalition and set the scene for economic reforms.

Business 09 May 2009 | 12:00 AM

Deflation is not an option

There are serious consequences for over-indebted economies

Business 26 Apr 2009 | 12:00 AM

India's ICICI bank quarterly profit down 35%

MUMBAI, India (AP): ICICI Bank Ltd., India's largest private bank, said Saturday that its quarterly profit slid over 35 percent as the global financial crisis eroded fee income in commercial and retail banking.

Business 13 Apr 2009 | 12:00 AM

DBS Group chief executive dies

Richard Stanley, CEO of Singapore's DBS Group, died on Saturday and South-East Asia's biggest banking group said it will continue to be run by chairman Koh Boon Hwee while the board develops a succession plan.

Business 05 Mar 2009 | 12:00 AM

China’s manufacturing offers glimmer of hope

China's manufacturing downturn showed tentative signs of bottoming out yesterday, offering a rare glimmer of hope for the world economy mired in its worst slump in decades.

Business 03 Mar 2009 | 12:00 AM

RAM revises GDP forecast for the year downwards

RAM Holdings Bhd has revised Malaysia's gross domestic product (GDP) growth forecast for the year to 0.9% from 3.5% previously due to falling and persistently weak exports demand over the next few years.

Business 28 Feb 2009 | 12:00 AM

Economic growth slows down to 4.6% in 2008

The country's economy grew 4.6% in 2008 compared with 6.3% in 2007 as domestic demand continued to provide support to growth, driven mainly by private consumption and public spending, the central bank says.

Business 12 Feb 2009 | 12:00 AM

China's exports and imports dip sharply in January

Chinese exports and imports fell unexpectedly sharply in January, underlining how badly the world's third largest economy has been hit by the global financial crisis and the impact that is having on its neighbours.