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KUALA LUMPUR: Malaysia could experience a slower economic growth of between 3% and 4% next year if the US fiscal cliff kicks in by next January, OCBC Bank Bhds economist Gundy Cahyadi (pic) said.
NEW YORK: Stocks fell on Thursday and could be in line for more weakness as worries about Washington's ability to find a timely solution to the fiscal cliff dominate investor thinking in coming weeks.
NEW YORK: The Dow industrials lost more then 300 points in a sell-off on Wednesday that drove all major stock indexes down over 2 percent in the wake of the presidential election as investors' focus shifted to the looming fiscal cliff debate and Europe's economic troubles.
LONDON: World shares edged down for a fourth day on Monday as concerns about a potential U.S. fiscal crisis and Greece's bailout dented optimism over global growth.
NEW YORK: Residents of New York would suffer more than $43 billion in tax hikes in 2013 if Congress fails to resolve the so-called fiscal cliff negotiations, according to New York State Comptroller Thomas DiNapoli.
SINGAPORE: The dollar weakened against the euro in Asia Monday with traders fleeing the US currency as hopes faded that a deal could be reached to avert the fiscal cliff in the United States, analysts said.
PETALING JAYA: Systemic reforms will require time to implement and some parts of the economy may be in for a rough ride but with strong fiscal management and institutional reforms, Malaysia will continue to be on a stronger and more sustainable growth path, Finance Minister Lim Guan Eng says.
WASHINGTON: The head of a conservative Republican faction in the US Congress, who voted this month for a huge expansion of the national debt to pay for tax cuts, called himself a “fiscal conservative” on Sunday and urged budget restraint in 2018.