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Gold price soars to 6-year high
GOLD prices climbed further yesterday, hitting a six-year high of US$364.50 in Asia trading as heightened fears of war between the US and Iraq prompted investors to pour money into the traditional safe haven.
AMR posts aviation's largest loss
AMR Corp, the corporate parent of American Airlines, has posted the biggest yearly loss in aviation history. The world#8217;s largest airline, battling a perception that it would have to follow some major rivals into bankruptcy, reported on Wednesday a loss of US$3.5bil for 2002, and warned that it must cut costs drastically to keep flying.
All smiles for MISC investors
DESPITE the turbulent years of war, economic cycles and swings in freight and charter rates, an investor who had held shares in the national shipping carrier, Malaysia International Shipping Corp Bhd (MISC), for the last 13 years would still have a reason to smile.
KL market takes a breather after recent sharp gains
THE KLSE took a breather yesterday as lingering fears of war in Iraq prompted investors to lock in their profits following the sharp rise in the share prices over the past few days.
KLSE volume at 9-month high
THE KLSE Composite Index (CI) resumed its ascent yesterday to end at the day#039;s high of nearly 676 points in heavy trading, after recent good news revived positive sentiment on equities. Total volume for the day surged to a nine-month high of 633.4 million shares from 442.7 million on Monday.
Govt to pump-prime economy using local funds
THE government plans to finance its proposed pump-priming package, details of which will be disclosed in March, through domestic sources, said Second Finance Minister Datuk Jamaludin Jarjis.
War clouds cast pall on US economy
A cloud of uncertainty from the prospect of a US war with Iraq is casting a dark shadow on the world#8217;s richest economy, which entered the new year with a worrying lack of momentum.
Book briefs
Book briefs on The Welch Way, The Longman Business English Dictionary and other books.
CPO to move sideways to lower
Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash-Tin.
Preference for bonds over equities
In the first of a monthly series of six articles on the economy and bond market, Asembankers looks at why there is now a preference for bonds over equity.
