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ECB president: No immediate need to act

Stocks slumped worldwide after terrorists set off four explosions that rocked London's subway and bus system and killed at least 33 people. The British pound hit a fresh 19-month low.

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.

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.

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.

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.

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.

England tour team arrive in Zimbabwe

England's cricket team touched down in Harare Friday, two days later than planned due to a row over accreditation for the majority of British media covering the controversial Zimbabwe tour.

England’s tour of Zimbabwe to go ahead

England's five-match cricket tour of Zimbabwe will go ahead after a ban on 13 British journalists was rescinded.

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.

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.