Malaysia Increases Interest Rate as Recession Ends

Malaysia’s central bank raised its benchmark interest rate for the first time in almost four years, saying record-low borrowing costs were no longer warranted […]

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Time Warner profit beats estimates; outlook raised

Time Warner Inc posted a higher-than-expected quarterly profit and raised its full-year earnings forecast in a sign that advertising sales at cable networks such […]

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Fed Should Hold Only Treasuries Among Securities, Plosser Says

Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank should limit the securities on its balance sheet to Treasuries and create […]

Yushchenko Warns Ukrainian Budget Deficit May Weaken Hryvnia

Ukrainian President Viktor Yushchenko said the government’s swelling budget deficit may trigger a further weakening of the hryvnia and accelerate the pace of inflation, […]

English Says New Zealand Has Few Tools to Curb Currency Gains

New Zealand Finance Minister Bill English said there is little the government can do to counter gains by the nation’s currency, which are curbing […]

Philippine Growth Climbs as Asian Economies Recover

Philippine economic growth accelerated in the second quarter from the slowest pace in a decade, adding to signs Asian nations are recovering from the […]

Bernanke denies making threats to BofA

Federal Reserve Chairman Ben Bernanke denied accusations Thursday that he pressured Bank of America to follow through on its purchase of Merrill Lynch late […]

Morals vs profits, a tug of war for business in China

Beyond being good corporate citizens, do international firms operating in China have a moral duty to advance democracy and human rights?
Executives roll their eyes […]

U.S. auto sales plunge but bottom seen near

U.S. auto sales fell 37 percent in March, a smaller-than-expected drop that encouraged hope that the world’s largest car market is nearing a bottom […]

BOJ May Expand Corporate Debt Buys, Yamaguchi Says

Bank of Japan Deputy Governor Hirohide Yamaguchi said the central bank may need to expand its purchases of corporate debt to prevent a credit […]