China's economy is bouncing back strongly from the impact of the Severe Acute Respiratory Syndrome (SARS) outbreak, with exports and factory output surging in June from a year ago, as production of passenger cars jumped almost 83%.
US stocks fell on Friday after dour earnings news, while bonds declined for the third straight day on lingering disappointment over the Federal Reserve#8217;s quarter-point interest-rate cut this week.
THE government will be making two large bond issues to raise foreign currency for benchmarking purposes and to refinance existing debt of one of its agencies, Second Finance Minister Datuk Dr Jamaludin Mohd Jarjis said.
US blue chips finished slightly higher on Friday as he hopes for an economic recovery were bolstered by bellwether General Electric Co's earnings forecast and investors anticipated an interest rate cut by the Federal Reserve next week.
FORMER Unilever Plantations International group chairman Datuk Leslie Davidson has called on the local palm oil industry to establish an Environment Council in collaboration with several non-governmental organisations (NGOs).