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World 15 May 2006 | 12:00 AM

Italy's ex-communist president to be sworn in

ROME (Reuters) - Italian President-elect Giorgio Napolitano will be sworn in before parliament as the country's first ex-communist head of state on Monday, starting a busy week in politics which will also bring a new prime minister.

AseanPlus News 29 Apr 2006 | 12:00 AM

Higher bank lending rates to slow down investments

CHINA, which raised benchmark bank lending rates for the first time in 18 months on Thursday, has prompted sky-high world oil and commodity prices and some major stock markets to make a U-turn.

Business 08 Apr 2006 | 12:00 AM

Euro rises on possible interest rates hike

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.

Business 07 Apr 2006 | 12:00 AM

AMP Capital seeks REIT alliance

Australian fund management group AMP Capital Investors Ltd (AMPCI) is exploring real estate investment trust (REIT) partnership opportunities in Malaysia.

Business 12 Mar 2006 | 12:00 AM

Bond market jitters give pause

Wall Street is struggling to gain traction in the face of bond market jitters, leaving the short-term outlook murky for stocks, analysts say.

Business 05 Mar 2006 | 12:00 AM

Good economic news spurs speculation on Japan central bank shifting gears

TOKYO: For five years, the Bank of Japan has kept interest rates at zero and flooded the banking system with trillions of yen -- all to encourage lending and spur a recovery in this long-stagnant economy.

Business 27 Jan 2006 | 12:00 AM

Leading British forecaster says global growth slow

LONDON: A leading British forecasting group presented a gloomy outlook for global growth Friday, warning that the euro area remains weak while the economic outlook for the United States has deteriorated.

Business 13 Jan 2006 | 12:00 AM

European stocks end mixed

LONDON: European telecommunications companies took a beating Thursday after France Telecom warned that sales growth would be worse than expected this year.

Business 30 Dec 2005 | 12:00 AM

Italy names Mario Draghi as new central banker

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.

Business 09 Dec 2005 | 12:00 AM

Surprise rise in S. Korea’s interest rate to 3.75%

South Korea's central bank unexpectedly raised its benchmark interest rate, the second increase in three months, to prevent inflation accelerating.