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The Star
China premier: 2010 ‘most complicated’ for economy
BEIJING (AP): Premier Wen Jiabao promised Saturday to control inflation and keep China’s economic recovery on track and expressed hope for an end to tensions with Washington over trade and currencies.
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Buffett criticizes corporate risk management
OMAHA, Nebraska (AP): Billionaire Warren Buffett said Saturday that CEOs and the boards that hired them should pay a steep price if their companies get into trouble with risky investments.
Paper gains drive Berkshire’s profit skyward
OMAHA, Nebraska (AP): Berkshire Hathaway Inc.’s fourth-quarter profit bounced back sharply, thanks largely to an unrealized $1 billion gain on derivative contracts and investments.
EU finance chief to Athens Monday
BRUSSELS (AP): The EU’s financial affairs chief travels to Athens on Monday to discuss with Greek officials their country’s debt crisis and their efforts to enact painful austerity measures to curb public spending.
Toyota leader to defend company in China
NEW YORK (AP): Toyota President Akio Toyoda plans to appear in Beijing on Monday to reassure Chinese consumers the company is committed to making safe vehicles, according to a published report.
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The Malaysian Mail
Flat trading in Euro stocks
LONDON: European stocks ended mixed yesterday amid concerns on Greece’s debt crisis and the stability of Austrian banks, as well as investor speculation on a possible early hike in US interest rates.. London’s FTSE 100 index of leading shares closed down 0.56 per cent at 5,285.77 points while in Paris the CAC 40 inched up 0.10 per cent to 3,834.09 and the Frankfurt Dax rose 0.16 per cent to 5,811.34.. Zurich was up 0.10 per cent, Brussels rose 0.08 per cent and Amsterdam gained 0.83 per cent, but Milan fell 0.15 per cent and Madrid was down 0.25 per cent.
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Wall Street ends lower
NEW YORK: Wall Street stocks retreated yesterday with investors turning skittish in the face of mixed economicnews and as a two-day Federal Reserve meeting on monetary policy got underway.. The Dow Jones Industrial Average dropped 49.05 points (0.47 per cent) to close at 10,452.00, a day after the blue chip index’s highest close since October 2008.. The technology-rich Nasdaq composite lost 11.05 points (0.50 per cent) to 2,201.05 and the Standard & Poor’s 500 index shed 6.18 points (0.55 per cent) to close at 1,107.93.
Fed likely to maintain stimulus
WASHINGTON: The US Federal Reserve concludes a two-day meeting today expected to pledge ongoing stimulus for a recovering US economy.. The Federal Open Market Committee (FOMC) is widely expected to keep its near-zero interest rate policy and a range of programmes to flood the financial system with money to restore credit flows.
Dream comes true for Boeing (finally)
BIZ BRIEFS: AirAsia to expand India routes
Colourful chips in the market
QMS launches hub in KL
KUALA LUMPUR: Qatar Media Services (QMS) aims to be a leading regional media partner leveraging on several platforms such as outdoor, print, online and television in countries like Australia, Hong Kong, Vietnam, Taiwan, Singapore, Korea, Japan and Malaysia in areas of media representation, media buying and consultancy services.. Trademarked as Q.media, the media representative for the Al-Jazeera Network and numerous other global and regional media networks, it launched its Asia Pacific hub here this morning.
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The Edge Malaysia
Best month since Nov in lackluster day for Wall St
NEW YORK: U.S. stocks rose on Friday, capping their best monthly advance since November as data showed the economy grew a tad better than expected in the fourth quarter, according to Reuters.. On a da….
#Stocks to watch:* Genting, Maxis, AirAsia, AFG
KUALA LUMPUR:Â Blue chips on Bursa Malaysia are expected to start off the new month of March on a more optimistic outlook after the recent strong set of corporate earnings while upside would be under….
Wall St Week Ahead: Payrolls, ISM may steer stocks
NEW YORK: Payrolls could give the U.S. stock market some direction in the new month of March as investors comb through the key report on one of the economy’s weakest areas, according to Reuters.. More….
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