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Business 01 Jan 2004 | 12:00 AM

Asian markets end 2003 higher

DESPITE some late attempts at window-dressing, the KLSE Composite Index (CI) ended 2003 a few points shy of the psychologically significant 800-point mark. For 2003 as a whole, however, the market did perform reasonably well in a year filled with shocks and uncertainty.

Business 31 Dec 2003 | 12:00 AM

Dow 10,000 may be ceiling for years, patterns show

B>NEW YORK:/BAlthough the Dow Jones Industrial Average has closed above 10,000 points 11 times so far this month, it#146;s likely to be years before this oldest and most widely watched US market measure stays above the mark without falling back.

Business 28 Dec 2003 | 12:00 AM

US stocks inch up in quiet trade

Stocks floated higher on light volume in a truncated session on Friday with Sharper Image Corp leaping after the retailer reported a robust holiday shopping season and steel producers gained ground after China scrapped retaliatory tariffs.

Business 23 Dec 2003 | 12:00 AM

Wall Street sentiment muted

B>NEW YORK:/BThe US stock market is nearing the end of its best year since the dawn of the new millennium, but almost nobody is partying like it's 1999.

Business 21 Dec 2003 | 12:00 AM

Dow ends at 2003 high, Nasdaq dips

B>NEW YORK: /B>The blue-chip Dow ended at its highest level in about 19 months for the fourth straight day on Friday, while the Nasdaq and the broad Standard Poor's 500 index declined, in whipsaw trading driven by 'witching,' the expiration of various derivative contracts.

Business 19 Dec 2003 | 12:00 AM

Petronas beats Genting to best company title in FEER survey

PETROLIAM Nasional Bhd (Petronas) has been voted Malaysia's top company for overall leadership for the first time, overtaking nine-year winner Genting Bhd in the I>Far Eastern Economic Review's /I>annual company survey, theIReview 200: Asia's Leading Companies/I>.

Business 19 Dec 2003 | 12:00 AM

Wall Street 2003 bonuses seen at US$10.7bil

B>NEW YORK: /B>Wall Street workers can thank a surging stock market for their extra 2003 year-end windfall, with total bonuses expected to jump nearly 25% to US$10.7bil, said New York comptroller Alan Hevesi.

Business 14 Dec 2003 | 12:00 AM

Stocks up, aided by United Tech

US stocks rose on Friday, extending the blue-chip Dow#8217;s 18-month high closes, as positive profit forecasts from United Technologies Corp and Coca-Cola Co offset a worse-than-expected reading on consumer confidence.

Business 11 Dec 2003 | 12:00 AM

US Fed keeps rates low

The US Federal Reserve has held interest rates at 45-year lows as policy-makers renewed a commitment to keep borrowing costs down for a lengthy period, although they said the threat of falling prices had eased.

Business 07 Dec 2003 | 12:00 AM

Stocks, dollars drop on job data

Stocks fell on Friday, and the dollar slumped to another record low against the euro, as hopes for sustained US economic growth were dashed by downbeat US jobs data and an Intel Corp forecast.