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BRUSSELS: European finance ministers on Monday recommended Italy's Mario Draghi to be the next head of the European Central Bank, clearing the way for his appointment to a job where he will lead the fight against the debt crisis and inflation.
NEW YORK: US EQUITY markets wrapped up a tough week of commodity and currency volatility fairly intact, but investors face data on the depressed housing sector this week almost certain to be grim.
NEW YORK: Dominique Strauss-Kahn's reputation with women earned him the nickname the great seducer, and not even an affair with a subordinate could knock the International Monetary Fund leader off a political path pointed in the direction of the French presidency.
BERLIN: The arrest of IMF chief Dominique Strauss-Kahn complicates a key European meeting on whether to give Greece billions more in aid - but experts insisted one man's troubles won't keep the 17 eurozone nations from trying to contain a debt crisis that threatens them all.
CYBERJAYA: The Malaysian automotive total industry volume (TIV) is projected to hit one million units by 2020, according to the Malaysia Automotive Institute (MAI).
NEW YORK: A small recovery in commodities and a rally in companies that make consumer staples like toilet paper and pasta helped the financial markets reverse a decline Thursday to end the day with modest gains.
PARIS: Airbus parent company EADS NV says it made a net loss of €12 million ($17 million) in the first quarter compared to a profit of €103 million a year earlier on higher financial charges. But the plane maker says it is on track to hit its annual targets.