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Malaysia

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  • 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.

  • Asian Markets Advance, Japan Hits 4-Month High Monday, 19 May 2008 | 5:20 AM ET

    Asian markets hit a new four-month high Monday as a relentless rise in oil prices bolstered resource shares, but wariness about inflation and doubts about the U.S. economy kept gains in check.

  • Markets See Cautious Rise But Japan Ends Lower Friday, 16 May 2008 | 5:52 AM ET

    Asian stocks rose cautiously Friday with markets modestly higher with Australia finishing just below the 6,000 level. But Japan closed in negative territory on profit-taking after spending most of the session in the black.

  • Asian Markets Rally as US Inflation Fears Ease Thursday, 15 May 2008 | 5:09 AM ET

    Asian markets ended mostly higher Thursday after investors welcomed benign U.S. consumer data which eased inflation fears. South Korea led the advanced finishing over 2 percent higher.

  • Asian Markets End Mostly Higher, Financials Slip Wednesday, 14 May 2008 | 6:07 AM ET

    Asian markets turned mostly higher after a lackluster start Wednesday. Both Japan and Australia closed the session 1 percent higher.

  • Asian Markets Mostly Higher, Quake Weighs on China Tuesday, 13 May 2008 | 5:51 AM ET

    Asian markets were mostly higher Tuesday with Tokyo and Seoul both gaining over 1%.  But Chinese markets were weighed down by uncertainty following a devastating earthquake in Sichuan.

  • Strong Dollar Lifts Asian Markets, Japan Ends Higher Monday, 12 May 2008 | 5:23 AM ET

    Asian markets closed mostly higher Monday, as a stronger U.S. dollar cheered investors and lifted exporters. Both Australia and Japan closed up with Australia gaining almost 1 percent.

  • Surging Oil Prices Weigh on Asian Markets Friday, 9 May 2008 | 5:19 AM ET
    Investors study shares prices during the morning trading at RHB private stock market gallery in Kuala Lumpur, Friday, Feb.3, 2006. Malaysia's key stock index rose Friday to a 15-week high as foreign funds plowed into key bluechips after a long holiday. The Composite Index of 100 blue chip stocks ended at 927.85 points, up 13.84 points or 1.5 percent from last Friday's close. (AP Photo) **MALAYSIA OUT**

    Oil's relentless surge to a new peak above $124 weighed on Asian shares Friday, while a stronger yen pressured Japanese exporters, such as Toyota Motor.

  • Asian Stocks Pressured by Surging Oil Prices Thursday, 8 May 2008 | 5:10 AM ET

    Oil's relentless push to yet another record high pressured Asian shares across the board Thursday, raising fears that inflation -- and central bank measures to cool it -- would hurt consumer spending and profits.

  • Asian Stocks End Mixed, Oil Keeps Resources Firm Wednesday, 7 May 2008 | 5:12 AM ET

    Asian stocks were mixed Wednesday with some markets reversing earlier advances. Resource firms, helped by record high oil prices and rising metal prices managed to hang on to their gains.

  • Asian markets were mostly weaker Tuesday after surging oil prices and worries that Bank of America would scrap a deal to buy mortgage firm Countrywide Financial hurt Wall Street.

  • Asian Markets Rise on Upbeat US Jobs Data Monday, 5 May 2008 | 5:05 AM ET

    Asian stocks were higher Monday, after upbeat U.S. jobs data buoyed Wall Street Friday, with stronger oil and metal prices lifting resource firms. Volumes were thin with both the Japanese and South Korean markets closed for national holidays.

  • Maybank Buys $680 Million Stake in Pakistan Bank Monday, 5 May 2008 | 1:59 AM ET
    Malaysia

    Malaysia's largest lender, Malayan Banking, has bought a strategic stake in Pakistan's MCB Bank for $680 million, betting on a brighter economic future for the troubled frontier state.

  • Asian Markets Rally, Japan and Australia Gain 2% Friday, 2 May 2008 | 5:20 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 were sharply higher Friday after better-than-expected economic data, a rebound in the U.S. dollar and falling oil prices and triggered a rally on Wall Street. Both Japan and Australia closed 2 percent higher.