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Business

IMF not revising growth forecast

Higher oil prices are not expected to harm the global economy, the International Monetary Fund's (IMF) new managing director Rodrigo Rato said.

Business

Firms more optimistic of 2004

Australia's economy grew more robustly than expected in the June quarter and businesses here were more optimistic about their performance next quarter, a quarterly survey of industrial trends showed Tuesday.

Business

Japan GDP up 1.4% in Q1

Japan's economy grew at a better-than-expected annual pace of 5.6% during the first three months of the year, chalking up eight straight quarters of expansion in the best showing in a decade for the long struggling country.

Business

IMF official: Global economic outlook positive

THE outlook for the global economy is positive, with most economies projected to post firm growth rates, thanks to renewed strength in the US economy, said Charles Adams, IMF's assistant director for the Asia-Pacific region.

Business

ADB meeting ends, China's push to slow economy tops discussions

China vowed Monday to slow down its economy gradually so that growth in neighboring countries won't suffer, as the Asian Development Bank wrapped up its annual meeting aimed at integrating the region's markets and reducing poverty.

Business

SC: Capital market still main source of funding

The capital market continues to be a major source of funding for companies in the country, with the Securities Commission (SC) approving corporate proposals to raise RM55.1bil in total last year compared with RM65.9bil in 2002.

Business

Snow: Rising oil prices threat to global growth

US Treasury Secretary John Snow said on Thursday high oil prices were 'not helpful' for US and global economic growth, and said a reduction in output by Opec oil producers would be worrisome.

Business

China PM tough on economy

Chinese Premier Wen Jiabao said on Wednesday China was committed to forceful measures to cool its dangerously fast-growing economy, which has benefited global growth but, left unchecked, has the potential to drag it down.

Business

Fed chief: Rates must rise at some point

United States Federal Reserve chairman Alan Greenspan said that US interest rates must rise at some point, but seemed to rule out an imminent increase by saying more vigorous growth have not yet sparked broad price pressures.

Business

Fitch raises forecast for global growth

Fitch Ratings has raised its forecast for global economic growth this year to 3.6% from 2.8%, but has cut its projection for euro area growth to 1.6% from 1.8%.