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Business 07 Jan 2003 | 12:00 AM

Greenback comes under renewed pressure amid war fears

THE US dollar came under renewed pressure yesterday on fresh reports that American forces were gearing up for imminent military action in Iraq, heightens the risk of holding the greenback and US dollar-backed assets.

Business 08 Jan 2003 | 12:00 AM

TNB is strong and sound, says chairman

DATUK Dr Awang Adek Hussin, who became Tenaga Nasional Bhd (TNB) chairman on Dec 1, 2002, says his current job is not much different from his former post of Bank Negara Malaysia assistant governor.

Business 19 Feb 2003 | 12:00 AM

Not much is expected of new BoJ governor

Japan is about to name a new central bank chief who might just revive Asia#8217;s largest economy, yet the rest of the region barely seems to care.

Business 16 Mar 2003 | 12:00 AM

Ready to cut bank rates in case of war

Countries from India to Australia may have to cut interest rates and raise government spending to buffer their economies from a decline in trade and consumer spending that#8217;s likely to result from a war in Iraq, investors say.

Business 22 Apr 2003 | 12:00 AM

Economic package may include cut in interest rate

MANY economists see the government incorporating an interest rate cut in its proposed economic package to give the economy a stronger boost, given the growing impact of the Severe Acute Respiratory Syndrome (SARS) outbreak.

Business 08 May 2003 | 12:00 AM

IFSB council admits observer, full members

THE council of the Islamic Financial Services Board (IFSB) has approved the application from the Association of Islamic Banks in Malaysia to be an observer member in the IFSB.

Business 26 May 2003 | 12:00 AM

Soft US dollar a blessing for Asia

THE weakening US dollar, which results in stronger Asian currencies, allows greater flexibility over domestic interest rate policy in the region.

Business 03 Jun 2003 | 12:00 AM

Asian Bond Fund launched with initial size of US$1bil: Bank Negara

THE US dollar Asian Bond Fund (ABF) launched yesterday will be a stepping-stone to ABF bonds denominated in regional currencies.

Business 10 Jun 2003 | 12:00 AM

SP welcomes Asian Bond Fund, sees it as a positive step

STANDARD amp; Poor#039;s (Samp;P) Ratings Services has described the creation of the US$1bil Asian Bond Fund set up with pooled funds from 11 Asia Pacific central banks and monetary authorities as a positive development in regional financial cooperation.

Business 21 Jun 2003 | 12:00 AM

11 Asia-Pacific nations to launch US$1bil bond fund

Eleven Asia- Pacific nations will formally launch a new US$1bil Asian bond fund tomorrow, drawn from their huge central bank reserves to speed up the development of a regional bond market.