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Business 22 Mar 2005 | 12:00 AM

EU eases budget pact

European Union (EU) finance ministers have reached a deal to relax much-flouted budget rules that underpin the euro, bowing to Germany's key demand that its hefty unification costs be excused.

Business 04 Mar 2005 | 12:00 AM

European Central Bank leaves interest rates unchanged

The European Central Bank left interest rates unchanged, with poor fourth-quarter growth data and declining business confidence heightening worries about the strength of the economy.

Business 14 Feb 2005 | 12:00 AM

Rethinking the timeframe for a balanced budget

THE Malaysian Government is striving to reduce its budget deficit and achieve a balanced budget. This sounds good. A balanced budget would ensure a strong public sector financial position, more confidence in the economy, a stable currency and a stable economy.

Business 25 Jan 2005 | 12:00 AM

Central banks raise euro exposure at dollar's expense

Nearly 40 central banks have increased their exposure to the euro in the past two years, mainly at the expense of the US dollar, according to a survey of 65 central banks released yesterday.

Business 18 Jan 2005 | 12:00 AM

Japan warns against rising yen

Japan issued a fresh warning against a rising yen yesterday, despite growing complaints from European leaders about Asian currency levels, saying it would step into the market if exchange rates deviate from fundamentals.

Business 14 Jan 2005 | 12:00 AM

Tokyo stocks finish higher Friday

Tokyo stocks finished higher Friday after South Korean high-technology giant Samsung Electronics Co. reported better-than-expected earnings for the fourth quarter of last year, countering negative sentiment from Wall Street's losses overnight.

Business 11 Jan 2005 | 12:00 AM

Less than robust recovery indicated in Europe

Signs of shaky economies in France and Germany have sharpened worries about Europe's less-than-robust recovery - and underscored the struggle to shake up regulation-clogged economies in countries that use the euro.

Business 20 Nov 2004 | 12:00 AM

Yen heading for longest winning streak in 6 years

The yen headed for the longest weekly winning streak in more than six years against the US dollar on speculation Prime Minister Junichiro Koizumi's administration would not try to reverse its advance.

Business 16 Nov 2004 | 12:00 AM

Rising euro, slowing growth, worry Europeans

European Union officials Monday urged the United States to curb its deficits to help bolster the sagging US dollar amid fears a strengthening euro would stifle Europe's fledgling economic recovery.

Business 14 Nov 2004 | 12:00 AM

Slowdown seen in euro-zone growth

Growth in the euro-zone economy slowed sharply in the third quarter, led by weaker-than-expected results in France and Germany, and is expected to remain sluggish in the next six months.