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Business 15 Feb 2003 | 12:00 AM

Bankers rely on old weapons to meet war

Central bankers are refining their battle plans for coping with the upheaval that an Iraqi war could cause in financial markets and their economies.

Business 28 Mar 2003 | 12:00 AM

IMF warns of recession

New data this week highlighted a mood of caution at corporations in major economies as the International Monetary Fund (IMF) warned that the world could sink into recession if the war in Iraq drags on.

Business 04 Apr 2003 | 12:00 AM

Options seen running out for policy-makers

Economic policy-makers around the world are running out of tools to boost the flagging global economy, according to a World Bank report just released.

Business 01 May 2003 | 12:00 AM

Euro, Aussie gain against greenback

THE euro and the Australian dollar continued to strengthen against the US dollar yesterday as investment money looked for better-yield assets. In early London trade, the euro hit a four-year high of US$1.1073, and the Aussie a three-year high of 62.19 US cents.

Business 08 May 2003 | 12:00 AM

June rate cut expectations pressure the US dollar

RISING expectations of a cut in US interest rates next month, following the Federal Reserves' warning of a possible weakening in the US economy, have exerted further pressure on the US dollar.

Business 10 May 2003 | 12:00 AM

Euro strengthens further as ECB keeps rates steady

THE euro strengthened further against other major currencies yesterday as investment money poured into euro deposits following the European Central Bank's (ECB) decision to leave interest rates unchanged at 2.5%.

Business 30 May 2003 | 12:00 AM

Aussie trade deficit hits record A$3b

B>SYDNEY: /B>Australia's trade deficit more than doubled in April from the preceding month to a record A$3.13bil after being hit by the #8220;triple whammy#8221; of SARS (Severe Acute Respiratory Syndrome), drought and a global slowdown.

Business 07 Jun 2003 | 12:00 AM

Aussie central bank shifts policy towards rate cut

Australia#8217;s central bank said yesterday it may follow its peers in cutting interest rates if the global economy did not improve, shifting to an easing bias from a neutral stance in place since last November.

Nation 13 Jun 2003 | 12:00 AM

'Right time to use euro'

The European Commission (EC) has welcomed Prime Minister Datuk Seri Dr Mahathir Mohamad#8217;s suggestion for the private sector to use the euro in export trade.

Business 03 Jul 2003 | 12:00 AM

US and Japan factories gain from Europe’s pain

B>NEW YORK: /B>Factory activity in the United States and Japan improved in June while Europe's manufacturers suffered a deeper contraction, the latest surveys showed, underscoring how the euro's export-choking rise against major currencies has brought yet more pain to the euro zone economy.