Economy, Uncategorized

Stocks, Oil Drop on U.S., Europe Growth Concern; Euro Rallies

Global stocks plunged, extending a rout that wiped $5.3 trillion off market value this month, on concern Europe will struggle to contain its debt crisis and the U.S. economic recovery is faltering. Commodities slumped and bond risk surged. The MSCI Asia Pacific Index declined 1.9 percent to 111.33 as of 11:04 a.m. in Tokyo, the lowest… Continue reading Stocks, Oil Drop on U.S., Europe Growth Concern; Euro Rallies

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Economy, Uncategorized

China May ‘Crash’ in Next 9 to 12 Months, Faber Says

Investor Marc Faber said China’s economy will slow and possibly “crash” within a year as declines in stock and commodity prices signal the nation’s property bubble is set to burst. The Shanghai Composite Index has failed to regain its 2009 high while industrial commodities and shares of Australian resource exporters are acting “heavy,” Faber said. The opening… Continue reading China May ‘Crash’ in Next 9 to 12 Months, Faber Says

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ECONOMIC AND FINANCIAL DEVELOPMENTS IN MALAYSIA IN THE SECOND QUARTER OF 2009

Growth declined at a slower pace in the second quarter The Malaysian economy contracted at a slower rate of 3.9% in the second quarter of 2009 (1Q 09: -6.2%), due mainly to higher public spending and positive growth in private consumption. Nonetheless, growth continued to be affected by weak external demand and private investment activity.… Continue reading ECONOMIC AND FINANCIAL DEVELOPMENTS IN MALAYSIA IN THE SECOND QUARTER OF 2009

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Liberalisation of the Financial Sector

  The liberalisation measures announced today aims to strengthen Malaysia 's economic interlinkages with other economies and enhancing the role of the financial sector as a key enabler and catalyst of economic growth. These liberalisation measures are consistent with the objectives committed under the Financial Sector Master Plan (FSMP) issued in 2001 to develop a… Continue reading Liberalisation of the Financial Sector

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Yen Advances to Six-Week High as Swine Flu Spurs Safety Demand

The yen advanced to a six-week high against the euro on speculation the spreading swine flu outbreak will increase demand for assets perceived as safer. Japan’s currency also rose to a four-week high versus the dollar as the World Health Organization raised its pandemic alert to an unprecedented level, fueling concern the virus will deepen… Continue reading Yen Advances to Six-Week High as Swine Flu Spurs Safety Demand

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Time for a Makeover – Interview with Off the Edge

‘A callow young politician,’ wrote one unimpressed academic, after systematically comparing the ideas contained in the writings of Khairy Jamaluddin’s ‘Out of the Cage’ column in the New Straits Times with C.H.E. Det’s essays for the Straits Times, and finding the former wanting for gumption and originality. The latter essays of course became the Malay… Continue reading Time for a Makeover – Interview with Off the Edge