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ROME: Italy has named outsider Mario Draghi as the central bank's new governor, moving swiftly to contain the fallout from a banking scandal that caused his predecessor's resignation.
Wall Street is struggling to gain traction in the face of bond market jitters, leaving the short-term outlook murky for stocks, analysts say.
Expectations that the European Central Bank (ECB) would raise interest rates in the coming months pushed the euro to a record against the yen and a seven-month high versus the dollar during intra-day trading on Thursday.
LEADER Universal Holdings Bhd's adoption of a new business model five years ago has enhanced the competitive edge of the group in the overseas market, said managing director Sean H'ng Chun Hsiang.
Gold prices in Asia fell for a third day on speculation the US Federal Reserve, the Bank of Japan and the European Central Bank (ECB) may raise interest rates, eroding the metal's appeal as an alternative investment.
The prospects of the Malaysian economy are still favourable but rising energy prices, persistent global imbalances as well as fears of an avian flu pandemic will remain as risks to expansion, said CIMB Securities.
B>LONDON:/BPakistan captain Inzamam-ul-Haq's disciplinary hearing to answer charges of ball-tampering and bringing cricket into disrepute following his side's forfeiture of the fourth Test against England at The Oval, has been postponed.
England could play a World XI if Pakistan pull out of Monday's Twenty/20 game in the ongoing dispute over the actions of captain Inzamam-ul-Haq in the final test at the Oval.
Darrell Hair has apologised for the e-mail he sent offering to resign as an umpire in exchange for US$500,000 after the ball-tampering row which cut short the fourth Test between England and Pakistan at The Oval.
The ugly spectre of racism in cricket has reared its head again with claims two England players were abused by spectators on the Ashes tour of Australia.