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Business 17 Jun 2007 | 12:00 AM

Airbus chief denies Boeing's claim that A350 XWB still needs work

PARIS (AP) - Airbus Chief Louis Gallois has hit back at his American rival's claim that designers are still working on the revamped A350 XWB, saying customers would not have gambled on the midsize, long-range plane if they didn't know what they were getting.

Business 25 May 2007 | 12:00 AM

More carry-trade unwind possible

Further unwinding of so-called carry-trades could be triggered if investors re-evaluate risk, and euro zone and Japanese interest rates climb, the Organisation for Economic Cooperation and Development indicated yesterday.

Business 14 Apr 2007 | 12:00 AM

Holding interest rate steady has its benefits

Bank Negara's firm stance on interest rates will accrue benefits to the country in view of the current environment of seemingly random movements in global rates, experts say.

Business 20 Mar 2007 | 12:00 AM

Euro rising on improving EU economy

Expectations of a further interest rate hike and the improving economic fundamentals in the European Union (EU) are anticipated to keep the euro strong, economists say.

Business 18 Mar 2007 | 12:00 AM

Slovakia revalues its currency against the euro

BRUSSELS, Belgium (AP): Slovakia has revalued its currency against the euro upwards by 8.5 percent, the European Commission said Friday, saying this would help the government keep its economy stable as it aims to join the euro in 2009.

Business 10 Mar 2007 | 12:00 AM

Analysts generally bearish on yen, expect erratic movement

Analysts are generally bearish on the yen while an economist expects its movement to remain erratic.

Business 09 Mar 2007 | 12:00 AM

KL market regains ground for third day

Shares on Bursa Malaysia recouped losses for the third day after the recent sell-down as institutional funds sought more bargains.

Business 18 Dec 2006 | 12:00 AM

Saga of the shrinking dollar

FINALLY, the inevitable is beginning to unfold, with the US dollar climbing down from dizzy heights. There has been a consensus among the analysts for quite a while that the strong dollar was neither sustainable nor desirable, given the huge budget and current account US deficits.

Business 28 Nov 2006 | 12:00 AM

Ringgit strongest in 6 months

The ringgit climbed to its strongest level in almost six months against the US dollar on Monday, hitting 3.6265 before settling at 3.6375 at 5pm.

Business 03 Oct 2006 | 12:00 AM

Will uptrend continue?

Most markets around the world have been on the uptrend since the beginning of the third quarter but the monetary policies of major economies have left equity researchers wondering if the bullishness will hold up going forward.