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Business

IMF sees risk of disorderly US dollar fall

B>WASHINGTON: /B>Large and growing US budget and current account deficits raise the risk of an abrupt drop in the value of the greenback, which could hit US and global economic growth, the International Monetary Fund (IMF) said.

Business

IMF: No imminent need to unpeg ringgit

THERE is 'no imminent need' for Malaysia to unpeg the ringgit, an International Monetary Fund (IMF) official said yesterday. But he urged the authorities to study it, to allow greater policy flexibility.

Nation

Sino-US ties still quite fluid

Colin Powell, the American Secretary of State, stated recently that America's relations with China have been the best in recent years. If this is true this augurs well for Chinese premier Wen Jiabao's trip, set to begin Sunday, to the United States.

Letters

Sino-US ties still quite fluid

Colin Powell, the American Secretary of State, stated recently that America's relations with China have been the best in recent years. If this is true this augurs well for Chinese premier Wen Jiabao's trip, set to begin Sunday, to the United States.

Letters

Reality hits Social Democrats

Stung and shocked by the rise of right wing parties and groups in Europe and the United States, the Social Democratic political parties in Europe have launched an initiative to counter this trend by building what they call a 'global progressive alliance.' Global Trends with Martin Khor.

Business

Old Indian economy lives on

Things are looking up in India. Growth will top 7% this year, foreign exchange reserves are a record US$93bil and the country has grabbed a quarter of the fast-growing market for outsourced service jobs.

Business

Policy makers warn against protectionism

US Federal Reserve chairman Alan Greenspan and top International Monetary Fund (IMF) policy-maker Anne Krueger, fearing that decades of trade liberalisation are being reversed, have sounded stern warnings against signs of creeping protectionism.

Letters

RM760b flowed from the poor to rich

Last week, the United Nations convened a dialogue to review the financing situation of developing countries as a follow-up to the Financing for Development Summit of 2002. The findings were sombre. Funds are moving out from developing countries, and their debt and trade conditions have not improved. Only a change in political will can improve matters writes MARTIN KHOR.

Nation

Zeti: Nation will always be indebted to Dr M

Malaysia will never be able to repay Datuk Seri Dr Mahathir Mohamad for steering the country out of the 1997/98 financial crisis, Bank Negara governor Tan Sri Dr Zeti Akthar Aziz said.

Education

Thank you for your legacy, Dr Mahathir

From professors to preschoolers, the education community pays tribute to retiring Prime Minister Dr Mahathir Mohamed in this I>StarEducation/Ispecial.