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Business 01 Oct 2008 | 12:00 AM

Zeti to head BIS Asian Consultative Council

Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz has been appointed chair of the Bank for International Settlements (BIS) Asian Consultative Council (ACC).

World 01 Oct 2008 | 12:00 AM

Poor states fear painful impact from global crisis

ACCRA (Reuters) - The world's poorest states face a

Business 01 Oct 2008 | 12:00 AM

Rate cuts by world’s central banks seem likely

A flood of central bank cash failed to thaw frozen money markets yesterday, stirring speculation the world's richest countries may have to cut interest rates together to prod banks into lending to each other.

Business 30 Sep 2008 | 12:00 AM

Investors swarm T-bills as US House rejects bailout

The House's rejection of the financial bailout plan flung the credit markets into further disarray Monday, sending investors swarming again for the safety of Treasury bills.

Business 30 Sep 2008 | 12:00 AM

Markets start to tumble after bailout rejection

Japanese, Australian, New Zealand and other markets opened lower Tuesday after the U.S. Congress failed to ratify a rescue package for the troubled American financial sector.

Business 30 Sep 2008 | 12:00 AM

Don’t dump US Treasury bills, Asia urged

Asian countries, which currently hold about half of the US$2.7trillion in US Treasury bills, will have to continue to support the world's biggest economy as a rush to dump US Treasury notes now would lead to a collapse in the global financial system, economists warned.

Business 30 Sep 2008 | 12:00 AM

Zeti to head BIS Asian Consultative Council

Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz has been appointed as Chair of the Bank for International Settlements (BIS) Asian Consultative Council (ACC).

Business 30 Sep 2008 | 12:00 AM

Bailout bill defeat could cause painful recession

WASHINGTON (AP) - The fallout from the vote against a bailout package for the U.S. financial system may well be lasting pain for the economy.

Business 26 Sep 2008 | 12:00 AM

Credit markets cheer US bailout deal, but faintly

In a market that has been stymied by a lack of confidence, it was still hard to trust that the government bailout would become a reality - and get the lending business back to health.