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Business 17 Jul 2008 | 12:00 AM

Update on major currencies

THE world's benchmark currency continues to see further weakness this year although the Fed is not expected to cut interest rates further.

Business 08 Jul 2008 | 12:00 AM

Auto consolidation seen

A current slump in the global automotive sector could give fresh impetus to plans for consolidation within the industry, the head of French carmaker Renault said on Saturday.

Letters 07 Jul 2008 | 12:00 AM

Gloomy times ahead for world economy

In recent weeks inflation has worsened, complicating the already difficult problems caused by financial turmoil, the onset of recession and the decline in stock markets. The world economy and developing countries are in for a bumpy ride.

Business 05 Jul 2008 | 12:00 AM

Oil prices back off from record in previous session

Oil prices fell more than $1 a barrel Friday from record levels set a day earlier on hopes that tensions surrounding Iran's nuclear program could ease and cut the chances of American or Israeli military action against OPEC's second-largest oil producer.

Business 04 Jul 2008 | 12:00 AM

Oil rises to US$145 as investors shun equities

Crude oil rose to a record above US$145 a barrel in New York as investors sought an alternative to tumbling stock markets.

Business 03 Jul 2008 | 12:00 AM

Oil soars to record above US$144

KUALA LUMPUR (AP) - Oil soared to a record above US$144 a barrel Thursday in Asia, fueled by concerns over a larger-than-expected drop in U.S. stockpiles and the threat of conflict with Iran.

Business 02 Jul 2008 | 12:00 AM

Oil rises above US$142 a barrel

KUALA LUMPUR (AP) - Oil rose above US$142 a barrel Wednesday in Asia, with analysts warning that prices may spike further amid persistent concerns over tight supply and tension in the Middle East.

Business 28 Jun 2008 | 12:00 AM

Indicator of economic confidence in euro-zone drops

BRUSSELS (AP) - Confidence in the euro-zone economy dropped further in June, an EU survey said Friday, adding bad news to an already gloomy outlook and causing a bigger headache for the European Central Bank as it tries to reign in inflation without squelching growth.

Business 20 Jun 2008 | 12:00 AM

French economy will grind to a halt in third quarter, statistics office says

PARIS (AP) - France's economy will grind to a halt in the third quarter as households succumb to the global slowdown and rein in spending, the country's statistics institute said in its quarterly economic forecast.

Business 18 Jun 2008 | 12:00 AM

UK consumer price inflation climbs to 3.3%

The Bank of England warned on Tuesday that Britain's inflation rate is likely to surge to 4 percent before the end of the year after hitting 3.3 percent in May _ its highest level since the Labour Party came to power just over a decade ago.