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Business 22 Feb 2003 | 12:00 AM

Even a short Iraq war could cost world US$1 trillion

Even a short war with Iraq could cost the world 1% of its economic output over the next few years and more than US$1 trillion by 2010, two noted Australian researchers said.

Business 22 Feb 2003 | 12:00 AM

Data paint worse-than-expected US economic picture

Americans bought foreign goods in December rather than stimulating domestic output, wholesale inflation surged last month and manufacturing suffered in February, a surprisingly poor set of US economic reports showed this week.

Business 05 Mar 2003 | 12:00 AM

Favourable OECD report boosts Aussie to 3-year high

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.

Business 06 Mar 2003 | 12:00 AM

Australia holds rates as drought hits growth

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.

Business 16 Mar 2003 | 12:00 AM

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.

Business 03 Jun 2003 | 12:00 AM

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.

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.

Business 04 Jul 2003 | 12:00 AM

Aussie hits five-year high against US dollar

THE Australian dollar hit a five-year high against the greenback at 68.16 US cents in early Asia trade yesterday, in the wake of the Reserve Bank of Australia's decision to leave interest rates unchanged at 4.75% for the 13th consecutive month.

Business 04 Jul 2003 | 12:00 AM

Australia losing currency cushion

Australia, until recently one of the fastest growing developed economies, faces tougher times ahead as its currency rampages higher and exports flounder.

Business 08 Jul 2003 | 12:00 AM

Aussie investor confidence dipping

Investor confidence in Australia is trending downwards, adding to pressure on the Reserve Bank of Australia (RBA) to lower interest rates, the country's largest business association said yesterday.