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Slowdown seen in euro-zone growth
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.
Rising euro, slowing growth, worry Europeans
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.
Yen heading for longest winning streak in 6 years
The yen headed for the longest weekly winning streak in more than six years against the US dollar on speculation Prime Minister Junichiro Koizumi's administration would not try to reverse its advance.
Less than robust recovery indicated in Europe
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.
Tokyo stocks finish higher Friday
Tokyo stocks finished higher Friday after South Korean high-technology giant Samsung Electronics Co. reported better-than-expected earnings for the fourth quarter of last year, countering negative sentiment from Wall Street's losses overnight.
Japan warns against rising yen
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.
Central banks raise euro exposure at dollar's expense
Nearly 40 central banks have increased their exposure to the euro in the past two years, mainly at the expense of the US dollar, according to a survey of 65 central banks released yesterday.
Rethinking the timeframe for a balanced budget
THE Malaysian Government is striving to reduce its budget deficit and achieve a balanced budget. This sounds good. A balanced budget would ensure a strong public sector financial position, more confidence in the economy, a stable currency and a stable economy.
European Central Bank leaves interest rates unchanged
The European Central Bank left interest rates unchanged, with poor fourth-quarter growth data and declining business confidence heightening worries about the strength of the economy.
EU eases budget pact
European Union (EU) finance ministers have reached a deal to relax much-flouted budget rules that underpin the euro, bowing to Germany's key demand that its hefty unification costs be excused.
