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STAKING out the moral high ground in Asia has been expensive for the California Public Employees' Retirement System (CalPERS). It kept the largest US pension fund out some of the world's top performing markets in 2002.
World champion Michael Schumacher roared to pole position for today's Australian Grand Prix as Formula One's rules revolution threw up a familiar Ferrari front row sweep.
THE prospect of imminent war against Iraq continued to be the dominant factor affecting share market sentiment yesterday, sending Asian bourses tumbling further.
Defending champions Perak maintained their six-point lead at the top of Premier I despite being held to a goalless draw by Sabah at the Perak Stadium in Ipoh, Perak on Tuesday night.
AS the Kuala Lumpur stock market continued its losing streak for a fifth consecutive day Wednesday, with the KLSE Composite Index (CI) shedding nearly seven points to 775, hopes of a rally to take the benchmark back above the 800 level by New Year's Eve are fading fast.
MALAYSIA has passed the CalPERS test with higher marks than ever before, but a decision on whether America's biggest pension fund will return to the local market is to be taken only next week.
TECHNOLOGY stocks on the Malaysia Securities Exchange fell for the fourth consecutive day Wednesday as investors, concerned about recent events in the Middle East, took the cue from Wall Street's overnight decline and sold down such shares further.