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Business 25 Jun 2003 | 12:00 AM

Queries over US rate cut

As the Federal Reserve gears up to apparently cut US interest rates to 1958 levels, many economists are asking a simple question: Why?

Business 29 Jun 2003 | 12:00 AM

Stocks, bonds slip, oil prices up

US stocks fell on Friday after dour earnings news, while bonds declined for the third straight day on lingering disappointment over the Federal Reserve#8217;s quarter-point interest-rate cut this week.

Business 03 Jul 2003 | 12:00 AM

CI breaches vital 700-point level

THE KLSE Composite Index (CI) yesterday broke through the technically important resistance level of 700 points, closing 10 points higher at a 10-month high of 703.

AseanPlus News 11 Jul 2003 | 12:00 AM

S. Korea enters recession

Grappling with its first recession since the 1997/98 Asian financial crisis, South Korea cut interest rates to a record low of 3.75% yesterday and slashed its growth forecast for the year.

Business 11 Jul 2003 | 12:00 AM

S. Korea enters recession

Grappling with its first recession since the 1997/98 Asian financial crisis, South Korea cut interest rates to a record low of 3.75% yesterday and slashed its growth forecast for the year.

Business 12 Aug 2003 | 12:00 AM

Fed can afford to sit tight

With the latest batch of economic data showing a light wind beginning to fill the US economy's sails, Federal Reserve policy-makers have the luxury of sitting tight at their meeting today, analysts say.

Business 14 Aug 2003 | 12:00 AM

US Fed leaves rates alone

B>WASHINGTON:/BFederal Reserve policy-makers, as widely expected, have opted to keep US interest rates at 45-year lows, but have again warned of the risks of falling prices and said rates could stay low for 'a considerable period'.

Business 10 Sep 2003 | 12:00 AM

The same old wish list

EVERY year, come budget time, we hear the same rally cries: cut corporate tax rate, more fiscal incentives to attract foreign direct investments (FDI), increase personal relief and tax rebates for the individual, and reduce import duties on key or essential goods, says Gan Kim Khoon, AmResearch Sdn Bhd executive director.

Business 18 Sep 2003 | 12:00 AM

Fed holds key rate at 1%

B>WASHINGTON:/BAs widely expected, the Federal Reserve has opted to keep US interest rates at 45-year lows, and said they would stay down for a long time to lift an economy that is losing jobs.

Business 08 Oct 2003 | 12:00 AM

TMNet and Jaring may seal merger in 6 months

THE merger of Internet service providers TMNet and Jaring may be completed six months from now, said parliamentary secretary to the Ministry of Energy, Communications and Multimedia Chia Kwang Chye.