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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
