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Australian companies were more confident of economic growth in January than in December despite a weak U.S. economy and the threat of war with Iraq, according to a survey Tuesday.
Farmers in Australia's drought-ravaged Outback are having one of their worst ever years, the nation's chief agricultural forecaster said Tuesday.
Australia's finance minister, Treasurer Peter Costello, warned Monday that a crippling drought and Australia's commitment to a possible war in Iraq would weigh heavily on the budget.
Australia's current account deficit stretched to a record 11.6 billion Australian dollars (US$7 billion) from the impact of the drought, slow global growth and a high demand for imports, official figures showed Monday.
The Australian dollar powered through 61 US cents to a three-year high yesterday after the Organisation for Economic Co-operation and Development (OECD) praised Canberra for its sound management that made Australia one of the world#039;s best performing economies.
Australia kept interest rates on hold yesterday against a backdrop of global uncertainty and slowing growth as farmers fight the continent#8217;s worse drought in a century and sluggish export markets.
NORTEL Networks Malaysia Sdn Bhd, a telecommunications equipment and solutions company, will focus on the small and medium-sized businesses (SMBs) as part of its global marketing and channel initiatives this year.
MALAYSIAN Derivatives Exchange Bhd (MDEX) will look into the possibility of introducing three-year Malaysian Government Securities (FMG3) futures and long-term 10-year FMG10 based on the success of the country's first bond futures contract, the five-year FMG5.
Investment banks are set for their second big payoff in a week, with fees from France Telecom#8217;s multi-billion euro rights issue expected to reach more than 130 million euros (US$138mil), sources said.
ISTA Mielke GmbH, a Germany-based publication, maintains that crude palm oil (CPO) prices will spring back to RM1,600 per tonne within the next three months from RM1,450 now.