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