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Business 13 Dec 2010 | 12:00 AM

ASIAN stocks fluctuated last week

TOKYO: ASIAN stocks fluctuated last week as Japanese and Australian benchmark indexes rose after reports showed better-than-estimated economic growth or employment, while China-related companies fell on concern policy makers will raise interest rates to slow inflation.

World 12 Dec 2010 | 12:00 AM

Berlusconi's survival hopes finely balanced

ROME (Reuters) - Prime Minister Silvio Berlusconi's hopes of surviving a crucial no confidence motion in parliament hung by a thread on Sunday as political commentators predicted the outcome could be decided by as little as a single vote.

Business 10 Dec 2010 | 12:00 AM

Irish vote to cut welfare; Fitch downgrades rating

DUBLIN: Ireland's lawmakers narrowly voted Thursday to cut welfare benefits and debated a raft of other cost-slashing measures, but their efforts to combat Europe's worst deficit didn't stop the Fitch agency from slashing the nation's credit rating.

Business 08 Dec 2010 | 12:00 AM

ADB: 5% growth for M’sia in 2011

PETALING JAYA: The economic growth in emerging East Asia would likely moderate next year, with Malaysia posting a full-year growth of 5% against a weaker global economic outlook and the overall phasing out of fiscal and monetary stimulus plans, said Asian Development Bank (ADB).

Business 07 Dec 2010 | 12:00 AM

America’s QE2 unexpected to have big impact on Malaysia

PETALING JAYA: The second round of quantitative easing (QE2) by the US Federal Reserve is not expected to affect Malaysia's economy, especially the ringgit, significantly in the long term, most analysts say.

Business 07 Dec 2010 | 12:00 AM

How muni bond bust in US could do big damage

NEW YORK: It's the other U.S. debt problem

Business 07 Dec 2010 | 12:00 AM

US stocks lower on Fed caution(update)

NEW YORK: Stocks spent most of Monday in a funk brought on by cautious comments about the economy from Federal Reserve Chairman Ben Bernanke. Hopes for a compromise on extending Bush-era tax cuts and unemployment benefits erased some of the losses.

Business 07 Dec 2010 | 12:00 AM

Eurozone says US$1 trillion bailout funds enough, for now

BRUSSELS: Top European officials insisted Monday that they have enough financial firepower right now to deal with Europe's government debt crisis - but did not rule out increasing Europe's bailout fund in the noshade size=-1 width=50%>

Business 04 Dec 2010 | 12:00 AM

Hua Yang sticks to affordable housing

AFTER 32 years of building affordable homes, Perak-based developer Hua Yang Bhd continues to rely on its strength in the mass housing market. Its focus is primarily on houses priced from RM180,000 to RM400,000, which comprise some 90% of its property products.

Business 04 Dec 2010 | 12:00 AM

Prudent monetary policy by China

BEIJING: China will switch to a prudent monetary policy from a moderately loose stance, the Communist Party's top leaders decided yesterday, a change that could pave the way for more interest rate increases and lending controls.