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China#8217;s gross domestic product (GDP) grew a stunted 6.7% in the second quarter from a year ago #8211; the slowest pace in 12 years #8211; as the deadly SARS outbreak made a sharp but transient impact on the world#8217;s sixth biggest economy.
Telstra Corp Ltd, Australia's dominant telecommunications carrier, said yesterday its broadband arm expects to achieve positive operating earnings in 2003/04 for the first time as its subscriber base doubled.
Booming sales to China and rising capital investment drove South Korea's exports and imports to record highs in March, the government said yesterday, but separate data showed inflation remained a worry for the economy.
THE KL stock market will outperform its peers in Asia this year against the backdrop of stable political and favourable economic conditions in the country, said Standard Poor's (SP) director and general manager of Asia equity research, Charles Wheeler.
Analysts predicted that oil prices will increase from already uncomfortably high levels, following an Organisation of Petroleum Exporting Countries (Opec) decision to cut its output target by 4% starting yesterday.
Cash-rich Sime Darby Bhd is hot on the acquisition trail. It has made a bid for a controlling stake in Hyundai-Berjaya Corp Bhd (HBJ) and has also approached Jaya Holdings Ltd with an offer to take over the Singapore-listed oil and gas services company, sources said.
PETRA Perdana Bhd has regained favour with oil and gas sector analysts with its stepped-up foray into the marine transportation business.
Japanese manufacturers have decided to raise prices of sheet steel for automakers, shipbuilders and consumer electronics makers by 5% to 10%, effective this month, a news report said yesterday.
China's bank regulator said yesterday it has started checking loans to sizzling sectors like steel, cement, property and vehicles to curb over-investment amid worries about inflation and strains on the energy supply.