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Malaysia

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  • Malaysia PM in Key State to Douse Fuel Hike Anger Tuesday, 10 Jun 2008 | 3:24 AM ET
    Visiting Kazakhstan President Nursultan Nazarbayev, right, and Malaysian Prime Minister Abdullah Ahmad Badawi pose outside the latter's office in Putrajaya, outside Kuala Lumpur, Malaysia, Monday, June 26, 2006. Nazarbayev arrived in Malaysia Sunday for a three-day visit. (AP Photo/Bazuki Muhammad, Pool)

    Malaysian Prime Minister Abdullah Ahmad Badawi, trying to assuage anger over the steepest hike in fuel prices in years, said on Monday the administration will announce more measures to ease the burden on consumers.

  • Malaysia Ministers Take Pay Cut to Save Costs Monday, 9 Jun 2008 | 9:12 AM ET
    Visiting Kazakhstan President Nursultan Nazarbayev, right, and Malaysian Prime Minister Abdullah Ahmad Badawi pose outside the latter's office in Putrajaya, outside Kuala Lumpur, Malaysia, Monday, June 26, 2006. Nazarbayev arrived in Malaysia Sunday for a three-day visit. (AP Photo/Bazuki Muhammad, Pool)

    Malaysian Prime Minister Abdullah Ahmad Badawi, trying to assuage public anger over a steep hike in fuel prices, said on Monday government ministers would take a 10 percent cut in allowances.

  • Asian Stocks Slide on High Oil, US Concerns Monday, 9 Jun 2008 | 5:11 AM ET

    Asian stocks came under selling pressure Monday, after Wall Street slumped on Friday, as oil spiked $11 and renewed fears of stagflation in the world's largest economy gripped the markets

  • Malaysia Plans Measures to Soothe Fuel Hike Anger Sunday, 8 Jun 2008 | 11:04 PM ET
    Visiting Kazakhstan President Nursultan Nazarbayev, right, and Malaysian Prime Minister Abdullah Ahmad Badawi pose outside the latter's office in Putrajaya, outside Kuala Lumpur, Malaysia, Monday, June 26, 2006. Nazarbayev arrived in Malaysia Sunday for a three-day visit. (AP Photo/Bazuki Muhammad, Pool)

    Malaysian Prime Minister Abdullah Ahmad Badawi, trying to assuage anger over the steepest hike in fuel prices in years, said on Monday the administration will announce more measures to ease the burden on consumers.

  • Asian Markets Jump as Energy Prices Surge Friday, 6 Jun 2008 | 5:19 AM ET

    Asian markets were firmer but off their highs Friday, lifted by energy firms following a jump in oil prices. Both Japanese and Australian markets  gained over 1% .

  • India, Malaysia Raise Fuel Prices as Oil Rally Bites Wednesday, 4 Jun 2008 | 7:00 PM ET

    India and Malaysia raised retail fuel prices, joining a growing number of Asian nations no longer able to afford big subsidies in the face of record-breaking oil prices.

  • Malaysia to Scrap Fuel Price Curbs, Use Market Rate Tuesday, 3 Jun 2008 | 12:20 AM ET
    Malaysia

    Malaysia will scrap fuel price controls in August and allow pump prices to rise in line with market rates as part of plans to cut the government's burgeoning subsidy bill, the domestic trade minister said on Tuesday.

  • Malaysia

    Malaysia's plan for a showpiece economic zone in its south is in doubt because of the uncertain fate of the country's prime minister and a lukewarm response from big investors in nearby Singapore.

  • Asian Markets Edge Higher, Japan Climbs 1.5% Friday, 30 May 2008 | 5:05 AM ET
    A man uses his mobile phone in front of electronic stock boards at the Australian Securities Exchange (ASX Ltd.) headquarters in Sydney, Australia.

    Asian markets edged up Friday, led by exporters in Japan, as fears of a deep U.S. recession receded, but gains were capped by worries that inflation will cut into growth and lead to higher borrowing costs.

  • Asian Markets Rally, Japan Jumps 3% on Exporters Thursday, 29 May 2008 | 5:07 AM ET

    Asian markets rallied Thursday with Japanese shares making their biggest daily gain in amonth, after a monthly gauge of U.S. business spending rose to its highest this year. Tokyo closed 3 percent higher, but China's main index slumped.  

  • Petronas Buys Stake in Santos Australia Gas Project Wednesday, 28 May 2008 | 11:54 PM ET
    Natural Gas

    Malaysia's Petronas will buy a 40 percent stake in Australian energy firm Santos' Gladstone liquefied natural gas project in Australia for $2.51 billion, sending Santos' shares up 10%.

  • Asian Markets Extend Losses, Japan Sheds 1.3% Wednesday, 28 May 2008 | 5:03 AM ET

    Asian markets were mostly lower Wednesday, as a cloudy U.S. economic outlook and lingering inflation fears left investors skittish. Australia, Japan and South Korea all closed over 1 percent lower.

  • Asian Markets Rebound on Bargain Hunting Tuesday, 27 May 2008 | 5:17 AM ET
    A stockbroker watches his terminal during trading in Bombay, India, Thursday, May 18, 2006. Indian shares plunged Thursday, with the benchmark stock index tumbling 6.8 percent, or more than 800 points, its biggest point drop ever, largely on fears of higher taxes on foreign funds that invest in Indian stocks. (AP Photo/Rajesh Nirgude)

    Asian markets rebounded Tuesday from the previous session's dip, as bargain hunters scoured the market after five days of losses. Both Japan and South Korea finished over 1% higher.

  • Malaysia Restricts Fuel Sales to Foreigners Tuesday, 27 May 2008 | 1:19 AM ET

    The government will ban people in foreign-registered vehicles from buying gasoline in border areas of Malaysia, where heavy subsidies have kept petroleum costs low despite soaring prices internationally.

  • Asian Markets Tumble, Japan Sheds 2.3% Monday, 26 May 2008 | 6:11 AM ET
    Stock investors watch stock movement at a stock exchange in Chengdu, China.

    Asian stocks retreated into negative territory Monday, with most markets down more than 1% on fears that slowing U.S. consumer demand will hurt Asia's export-oriented economies. Japan shed 2.3% while South Korea slipped 1.5%.

  • Asian Markets Are Mixed, Australia Sheds 1% Thursday, 22 May 2008 | 8:23 PM ET

    Asian markets were mixed Friday following a pullback in oil prices. A stronger U.S. dollar lifted some exporters in the region. Japan managed to close slightly higher but Australia shed 1 percent, weighed down by declining resource stocks.

  • Asian Markets End Mixed, Japan Closes Higher Thursday, 22 May 2008 | 4:48 AM ET

    Asian markets pared back earlier losses Thursday to give a mix performance, though prospects of higher inflation and a weak U.S. economy kept investors cautious. Japan and Australia both managed to close in positive territory.

  • Malaysia's UMNO Accepts Mahathir's Resignation Thursday, 22 May 2008 | 1:06 AM ET
    Mahathir Mohamad

    1st paragraph of story should go here

  • Surging Oil, Fading Consumer Demand Rattles Asia Wednesday, 21 May 2008 | 5:31 AM ET
    A man uses his mobile phone in front of electronic stock boards at the Australian Securities Exchange (ASX Ltd.) headquarters in Sydney, Australia.

    Asian stocks were sharply lower Wednesday as fears about consumer demand in the face of high oil prices rattled investors. Japan closed 1.6% lower while Australia shed 1.4%.

  • Asian Markets End Lower on Inflation Fears Tuesday, 20 May 2008 | 5:27 AM ET

    Asian stocks ended lower on Tuesday, snapping a six-day rising trend, weighed by retailers as oil continued a relentless rise, keeping inflation fears high.