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World

Poor Africans hit hard by rising world oil prices

NAIROBI (Reuters) - Africans are struggling to cope with stubbornly high global oil prices which are forcing many to walk long distances to work or schools, go hungry as food prices skyrocket, and depend on candles to light their homes.

Business

Money market

Foreign exchange roundup of Kuala Lumpur, Wellington, Sydney and New York.

World

Poor Africans hit hard by rising world oil prices

NAIROBI (Reuters) - Africans are struggling to cope with stubbornly high global oil prices which are forcing many to walk long distances to work or schools, go hungry as food prices skyrocket, and depend on candles to light their homes.

Business

SC approval for CMS Trust to invest in Asia Pacific

CMS Trust Management Bhd has obtained Securities Commission (SC) approval to invest up to 30% of the net asset value of its Premier Fund in Asia-Pacific markets.

Letters

Mixed results of G8 summit

It was a terrible week for Britain, with the London bombings overshadowing the G8 Summit. The results of that summit were mixed, with some progress in aid and debt relief, but little on climate change and none on trade.

World

China in balancing act at G8 summit

EDINBURGH (Reuters) - The G8 summit this week has illustrated Chinese President Hu Jintao's balancing act -- to edge closer to superpower status while not giving up the traditional role of a developing country.

World

China in balancing act at G8 summit

EDINBURGH (Reuters) - The G8 summit this week has illustrated Chinese President Hu Jintao's balancing act -- to edge closer to superpower status while not giving up the traditional role of a developing country.

Business

Singapore's unemployment rate rises

Singapore's unemployment rate rose to 3.9 percent in the first quarter, the government said Wednesday, as lower economic growth forced slower job creation.

Business

Better returns towards year-end

FUND managers are adopting a cautious approach in their investments in the sluggish equity market although several strongly believe the market will improve towards the end of the year.

Nation

PM: Use foreign reserves for infrastructure development

Malaysia has proposed the setting up of an Asian Infrastructure Development Fund to finance projects in the region.