Late breaking news

October 24, 2007 |

No pressure to lift ban on offshore ringgit trade

PETALNG JAYA: There is no pressing need for the authorities to lift the ban on offshore trading in the ringgit that was imposed in September 1998, according to economists and currency strategists.

Bank of America announces plans to cut 3,000 jobs after poor 3Q results

CHARLOTTE, North Carolina : Bank of America Corp. said Wednesday it will cut 3,000 jobs, an announcement that came less than a week after the United States’ second-largest bank reported a huge drop in earnings …

ANZ posts $4.2bn profit

ANZ has launched the banking reporting season with a a record $4.2 billion profit for the year to September 30, beating analysts’ expectations.

South Korean economy grows 1.4 percent in 3rd quarter

SEOUL, South Korea : South Korea’s economic growth slowed in the third quarter largely on weaker export growth and a sharp decline in capital investment, the Bank of Korea said Thursday.

Assistance for Families Displaced by California Fires

U.S. Housing and Urban Development Secretary Alphonso Jackson today announced HUD will speed federal disaster assistance to the Southern California counties affected by raging wildfires and provide support to …

Bank of America to Eliminate 3,000 Jobs

Bank of America Corp. said Wednesday it will eliminate 3,000 jobs, an announcement that came less than a week after the nation’s second-largest bank reported a huge drop in earnings for the third quarter.


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