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Contribution from financial services sector increasing

THE financial services sector must serve the needs of businesses and consumers in a high-income economy in addition to expanding its regional and global marketreach.


Asian currencies complete quarterly gain

Shanghai: Asian currencies rose this quarter, led by Indias rupee and the ringgit, as the worlds fastest economic growth attracted funds to regional assets.


FBM KLCI likely to break all time high 1,597 mark this week

KUALA LUMPUR: THE FTSE Bursa Malaysia KLCI (FBM KLCI) will likely break the all-time high of 1,597 this week supported by local liquidity and strong first-quarter market performance in regional Asia Pacific markets.


Vietnam's volatile stock market draws money, needs depth

(Reuters) - Vietnam is hoping that falling inflation and rising global risk appetites will spur sustained interest in the country's small stock market, a frontier where many pioneers have been burned.


Climax nears in Greek drama

LONDON: Tortuous negotiations over a second bailout for Greece are set to come to a head on Wednesday, putting fragile market confidence to the test on the same day data are tipped to show the eurozone is entering a mild recession.


Greek lawmakers pass austerity bill as Athens burns

ATHENS (Reuters) - Greece's parliament approved a deeply unpopular austerity bill Monday to secure a second EU/IMF bailout and avoid national bankruptcy, as buildings burned across central Athens and violence spread around the country.


Violence offers glimpse of Greece's reform challenge

ATHENS (Reuters) - Greeks swept rocks and broken glass from the streets of Athens on Monday after a night of violence that gave lawmakers a taste of the challenge they face in implementing a deeply unpopular austerity bill demanded by the country's foreign lenders.


Mobius favours S-E Asia

BANGKOK: Emerging market stocks in South-East Asia, notably in Indonesia, Thailand and Vietnam will be good bets this year, Franklin Templeton’s Mark Mobius said, adding that while Myanmar looks interesting, this may not be the best time to invest there.


Euro crisis fears ease

DAVOS: There is a palpable sense of hope at the annual Davos World Economic Forum that the eurozone is pulling back from the brink of catastrophe but business leaders are equally worried that Europe’s woes will hold back a global recovery.


Malaysia's growth this year will be volatile, says bank

KUALA LUMPUR: Malaysia’s growth for the year will be volatile as the country’s relatively open economy and trade links feel the impact from the uncertainty from the eurozone as well as slower growth globally.