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Business

Global interest rate easing may be near end

The cost of money has fallen further around the world this week with the Bank of England and a trio of Asian central banks trimming interest rates to jump start a hesitant global economic recovery.

Business

China bouncing back from SARS impact

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%.

Business

Stocks, bonds slip, oil prices up

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.

Business

Market recovery liquidity driven

The second and final part on the discussions by a panel on prospects for the Kuala Lumpur Stock Exchange for the rest of 2003.

Business

US rates cut to 1958 lows

The Federal Reserve has trimmed US interest rates a quarter percentage point to 45-year lows, citing recent hopeful economic signs as it offered a less potent growth tonic than markets had hoped for.

Business

Govt plans US$500m, 600mil euro bonds

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.

Business

Queries over US rate cut

As the Federal Reserve gears up to apparently cut US interest rates to 1958 levels, many economists are asking a simple question: Why?

Business

Blue chips up but Nasdaq slips

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.

Business

Wall Street surge lifts Asian markets

STOCK markets in Asia got a lift yesterday from the strong gains seen overnight on Wall Street after an economic report showed strength was returning to the US economy.

Business

Palm oil needs environ council

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).