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Business

April in France

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.

Nation

Man charged with illegal moneylending

KOTA KINABALU: A 30-year-old Selangor businessman was charged with illegal moneylending and deceiving 73 people that he was licensed to do so.

Business

Japan, Aussie central banks see signs of improvement

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.

World

No deal on NY World Trade Center rebuilding impasse

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.

Business

NZ central bank said Wed economy faces slow recovery

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.

Business

Obama proposes financial system overhaul to prevent future collapse

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.

Business

Japan central bank upgrades economic assessment

TOKYO: Japan's central bank upgraded its assessment of the world's second-largest economy Tuesday, suggesting the country's biting recession may be easing.

Business

A new role as 'risk regulator' could reshape US Fed

WASHINGTON The Obama administration's plan to revamp regulation and prevent any more crashes like those that felled AIG and Lehman Brothers includes a bold new idea: Empower the Federal Reserve to oversee the biggest financial players whose failure could threaten other institutions and the economy.

Business

Despite global meltdown building of world's tallest building, 1km high, to go on

CAIRO: The Saudi investment firm run by a Saudi billionaire with a big Citigroup stake is pressing ahead with plans to build the world's tallest building despite the global meltdown.

Business

Obama eyes tighter controls on banks, Wall Street

WASHINGTON: President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression of the 1930s.hr noshade size=-1 width=50%>