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Business 24 Jan 2003 | 12:00 AM

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.

Business 24 Jan 2003 | 12:00 AM

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.

Business 23 Jan 2003 | 12:00 AM

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.

Business 23 Jan 2003 | 12:00 AM

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.

Business 22 Jan 2003 | 12:00 AM

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.

Business 22 Jan 2003 | 12:00 AM

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.

Business 21 Jan 2003 | 12:00 AM

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.

Business 20 Jan 2003 | 12:00 AM

Book briefs

Book briefs on The Welch Way, The Longman Business English Dictionary and other books.

Business 20 Jan 2003 | 12:00 AM

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.

Business 20 Jan 2003 | 12:00 AM

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.