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Japanese officials stepped up their intervention rhetoric yesterday to counter the yen#8217;s strength, with Finance Minister Masajuro Shiokawa describing recent foreign exchange movements as #8220;abnormal#8221; and saying the yen should return to December levels.
ASIAN currencies further strengthened against the US dollar yesterday in late Asian trading as America#146;s President George W. Bush beat the war drums even harder in a hawkish State of the Union speech to the US Congress.
THE international students sector in Malaysia is poised to contribute RM3bil in direct and indirect foreign exchange (forex) earnings in 2007, according to National Economic Action Council (NEAC) executive director Datuk Mustapa Mohamed.
THE US dollar remained under pressure yesterday amid lingering fears of war even though Iraq has agreed to destroy its missiles and Turkey has refused to be used as a base for a US-led attack on Iraq.
NANYANG Online (NOL), which launches its new-look online financial magazine mFinancial eMag today, is expecting between RM13mil and RM15mil revenue in the financial year to June 30, 2004, according to NOL director and chief executive officer Cheong Chia Chieh.