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PETALING JAYA: With a liquidity-driven equities rally in full swing, both locally and globally, the point of where people are putting their excess cash may seem moot. Many investors are, however, still cautious about stockmarket investing until those famous 'green shoots' of economic recovery become 'full blooms'.
Billy Idol led a 'generation' of 1970s punk rockers before embarking on a stunning solo career.
APRIL is the cruelest month, or so the poet said, but this April, spring has brought life to the global stock markets, with recovery everywhere. The pessimists say this is a bear market rally, and perhaps it is, but for investors who have lost almost non-stop for over a year, some relief was welcome - almost necessary.
NEW YORK (Reuters) - Private developers of New York's World Trade Center site and the public agency that owns the land have failed to reach a deal to allow construction to go forward, the city's Mayor Michael Bloomberg said on Tuesday.
WELLINGTON: New Zealand's economy is on track to begin growing before year's end but the recovery from recession is likely to be slow, the nation's central bank chief said Wednesday.
TOKYO: The central banks of Japan and Australia yesterday reported signs of improvement in their economies, but investors fretted that a global recovery was some way off after weak data from Europe and the United States.
WASHINGTON: Aiming for greater limits and more clarity in the U.S. financial system, the Obama administration on Monday proposed adding muscle to the Federal Reserve and new restrictions on complex securities whose collapse choked lending and hit millions of American households.