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LONDON -- The world’s developed economies, hard hit by the financial crisis, have slid into recession and will shrink further in 2009, a top international organization said Thursday. In its latest economic forecasts, the Paris-based Organization ...
Read moreKUALA LUMPUR, Nov 14 (Reuters) - Malaysia is to waive import duties on raw materials and unfinished goods in an effort to help the exporter avoid a big slowdown, International Trade Minister Muhyiddin Yassin said on Friday. Economic growth in the ...
Read moreKUALA LUMPUR, Nov 18 (Reuters) - Malaysia is open to taking additional measures to boost the economy, Deputy Prime Minister Najib Razak said on Tuesday, days after the government waived import duties on raw materials and unfinished goods. Najib, who ...
Read moreTOKYO, Nov 13 (Reuters) - The yen retreated from a two-week high against the euro on Thursday as short-term players locked in profits. But the yen retained its overall strength as investors remained risk averse and favoured the perceived safety of ...
Read moreLONDON, Nov 5 (Reuters) - The pound is seen staying around current low levels against the dollar for the next year as Britain slides into recession, forcing the Bank of England to cut rates aggressively, a Reuters poll showed. The survey of 56 ...
Read moreEconomists debated whether the sheer magnitude of last week’s share price declines marked capitulation and a potential closure to the current bear market. However, the equity spending spree that had greeted the announcement of capital infusion into ...
Read moreOct. 30 (Bloomberg) -- South Korea's won led gains in Asian currencies, strengthening more than 10 percent, as central banks in the U.S., China, Hong Kong and Taiwan lowered interest rates and the Federal Reserve helped ease dollar shortages. The won ...
Read moreTHE bad conditions in Zimbabwe have assumed a kind of stability in recent weeks and months. No one any longer expects anything positive to immediately happen, and the government no longer pretends it has any plan to deal with the multitudes of crises ...
Read moreI was on CNBC this morning discussing the Wall Street bailout, and specifically, the Bush Treasury Department's decision to redact key parts of private contracts that would tell the public how much taxpayer cash various law firms, accounting ...
Read moreEveryone would agree they see more "Made in Taiwan/China/Japan/etc..."tags than "Made in the USA" tags for the past several years. Well, that "Made in _____" tag on your clothing has an economic term sewn into it: trade deficit. A trade deficit ...
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