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The Star
Japanese ask: Is US backlash behind Toyota woes?
TOKYO (AP) – Despite the criticism of Toyota over car safety, Japanese citizens still largely view the world’s largest automaker with pride – so much so that some people here wonder whether pressure on Toyota in the U.S. is a ploy to boost American auto producers and undermine Japan Inc.
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Toyota drivers pull in for repair; Prius fix looms
DETROIT (AP): Responding to two recalls and facing the prospect of another one, Toyota dealers across the country were repairing thousands of cars Saturday, the first weekend day that many drivers had a chance to take action.
G-7 urges debt forgiveness for Haiti
IQALUIT, Nunavut (AP): The world’s seven major industrial countries will urge the International Monetary Fund and other multilateral agencies to forgive Haiti’s debts in the wake of the devastating earthquake last month.
G-7 seeks to calm global markets, sustain rebound
IQALUIT, Nunavut (AP) – Top finance officials of seven major industrial countries pledged Saturday to work to calm global markets and sustain a fledgling economic rebound.
Boeing 747-8 freighter makes taxi tests
EVERETT, Washington (AP) – Boeing Co. is conducting taxi tests on its giant 747-8 freighter, the final step before the new plane makes its first flight.
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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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