Headline inflation fell to 2.7 per cent in October from 4.9 per cent in September, the Central Bank said yesterday. It is the lowest rate since January 2003, the bank said.
By BLOOMBERG NEWS California, Delaware, South Carolina and Florida registered record rates of unemployment in October, the Labor Department said Friday.
FRANKFURT, Germany -- European Central Bank President Jean-Claude Trichet warned banks against "addiction" to abundant and cheap credit as the ECB took a first step toward unwinding its financial-support measures.
The Bank of Japan moved towards a neutral stance on inflation risks on Friday even as the government formally declared that Japan is in deflation for the first time since 2006.
TOKYO -- The Bank of Japan faces mounting pressure to loosen its policy as deflation tightens its grip on the nation's economy, even as some other central banks begin to roll back stimulus steps amid signs of economic recovery.
Growth in the world's industrialised economies has resumed after the most virulent recession for decades, the Paris-based Organisation for Economic Co-operation and Development said yesterday.
Bank of America Corp. Chief Executive Kenneth Lewis has said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO, according to a person close to him.
By AP The JM Smucker Company nearly tripled its profit in the second quarter as the addition of Folgers coffee improved its lineup and lower commodity prices for coffee beans and other items helped its profit margins.
Hershey, after months of internal debate, is now considering a bid for the British candy maker Cadbury, a move that would challenge Kraft's existing $16.7 billion hostile offer for the company, ...
By IZWAN IDRIS KUALA LUMPUR: Malaysia joined the Asian recovery bandwagon, with the pace of its economic activities in the third quarter picking up at a faster pace than most had expected.
KUALA LUMPUR: AirAsia Bhd reported a net profit of RM130.1mil for the three months ended Sept 30 on a 4.5% growth in revenue to RM739.7mil against RM707.9mil a year ago.
LOS ANGELES (MarketWatch) -- Shares of United Parcel Service Inc. slipped Friday evening after the delivery-services provider said it will raise certain rates.
KUCHING: The Star, Malaysia's leading English daily, is set to expand its operations with a Sarawak edition soon. Star Publications (M) Bhd executive deputy chairman Datuk Clement Hii said this was a significant move as it not only meant the growth of ...
PHILADELPHIA, Nov 20 (Reuters) - US chocolate maker Hershey Co (HSY.N) is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc (CBRY.
By BLOOMBERG NEWS The European Central Bank on Friday tightened the rules for the collateral it accepts against loans as it prepares to unwind emergency liquidity measures.
Crude oil fell for a second day as the US dollar strengthened against the euro, reducing the appeal of commodities to investors, and equity markets declined.
Nov. 20 (Bloomberg) -- A US senator said he would seek to block any legislation containing a measure to remove the Federal Reserve's shield from congressional audits of the central bank's interest-rate decisions.
UN Official Seeks Global Action on Iran Wall Street .. - Online BERLIN -- Mohamed ElBaradei, the departing chief of the United Nations' nuclear watchdog agency, said Iran's continued refusal to accept tighter scrutiny of its nuclear activities would likely force the ...
Umno's politics of engagement - Themalaysianinside MCA's the-president Tun Ling Liong Sik subsequently accepted Tun Dr Mahathir Mohamad's newly formed Umno Baru into the coalition, which then returned Umno ...
Oprah's departure presents problem for TV stations .. - Google CHICAGO - For more than two decades, Oprah Winfrey has been the inspirational, change-your-life champion who reigned over daytime television much like Johnny Carson once ruled late night.
Sceptics publish climate e-mails 'stolen from East .. - Timesonline E-mails allegedly written by some of the world's leading climate scientists have been stolen by hackers and published on websites run by climate change sceptics.
New Modern Warfare 2 game modes allegedly revealed - Mmomfg Some so smart that they can hack into the PC copy of MW2 and uncover the new game modes Infinity Ward plans to release. According to internet reports and a ...
Mobile Phones - Onlineprnews This week's revelation surrounds the possibility of Xbox 360 and PS3-quality graphics being implemented for mobile phones . At a recent expo in London, ...
Guitar Hero 5 & Band Hero update for the week of .. - Neoseeker There's a nice treat in store for both Guitar Hero 5 and Band Hero players this week, as one of the most recognizable rock groups of all time graces both games with their music.
Journey of faith - Thestar The pilgrimage to Mecca has a deeper meaning than just fulfilling the Pillar of Islam. This spiritual and physical journey taken by Muslims on a global scale, for the past 1400 years, is documented in an exhibition currently showcasing at the Islamic ...
Ageing Santa gets $100,000 facelift for Christmas - Yahoo Reuters - A Santa in New Zealand with a droopy eye has received a NZ$100,000 ($74,000) face-lift in the run-up to Christmas so that his aging face does not scare children.
