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  • Malaysia PM to Step Down June 2010: Website Thursday, 10 Jul 2008 | 1:14 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 will announce plans to retire in June 2010, a move aimed at ending months of political uncertainty that have unnerved investors, a news website said on Thursday.

  • Bank of Korea Holds Rates, Keeps FX Markets on Edge Wednesday, 9 Jul 2008 | 10:51 PM ET
    Korea, Korean Flag

    South Korea's central bank kept rates on hold on Thursday as expected, with its battle against inflation now playing out in the currency market where the won jumped as much 1 percent on dollar-selling fears.

  • Japan Wholesale Prices Hit New 27-Year High Wednesday, 9 Jul 2008 | 10:06 PM ET
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    Japanese wholesale prices rose slightly more than expected in June from a year earlier to hit a fresh 27-year high on surging oil and commodity prices, adding gloom to firms facing dwindling profit margins.

  • Singapore Suffers Worst Contraction in 5 Years Wednesday, 9 Jul 2008 | 9:27 PM ET
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    Singapore's economy suffered its steepest decline in five years in the in the second quarter, down an annualized, seasonally adjusted rate of 6.6% -- much stronger than economists had expected.

  • Malaysian June Inflation May Exceed 6% Wednesday, 9 Jul 2008 | 12:42 AM ET
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    Malaysian annual inflation in June probably exceeded 6.0 percent, the central bank chief said on Wednesday, breaching a mark not seen in 26 years and reinforcing expectations of an interest rate hike.

  • Japan Machinery Orders Stronger than Expected Tuesday, 8 Jul 2008 | 10:03 PM ET
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    Japan's core machinery orders rose a faster-than-expected 10.4% in May, suggesting capital spending was holding up, but economists were cautious about the outlook as soaring costs hurt corporate bottom lines.

  • Siemens to Cut 16,750 Jobs Amid Economic Downturn Tuesday, 8 Jul 2008 | 11:46 AM ET

    German industrial conglomerate SiemensĀ  plans to cut around 4 percent of its workforce as part of an overhaul and as a result of the global economic downturn, Siemens said on Tuesday.

  • S.Korea President Sacks Ministers for US Beef Deal Monday, 7 Jul 2008 | 3:24 AM ET
    A South Korean protester in a cow outfit holds a placard during a candlelight vigil against U.S. beef imports in front of the Seoul City Hall, South Korea, Wednesday, June 4, 2008. South Korea's opposition parties agreed Wednesday to boycott the new legislature to pressure embattled President Lee Myung-bak to renegotiate a much-criticized beef import deal with the United States. The Korean read " Oppose Import." (AP Photo/Lee Jin-man)

    South Korean President Lee Myung-bak sacked three ministers on Monday in his first cabinet reshuffle, trying to restore support for his four-month-old government embattled over an unpopular U.S. beef import deal.

  • S. Korea Warns of Currency Intervention Monday, 7 Jul 2008 | 3:19 AM ET
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    South Korean authorities warned markets on Monday they would defend the won aggressively to rein in inflation, boosting the currency and reinforcing expectations the central bank will keep interest rates steady this week.

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    Japanese corporate profits are falling while consumer prices are expected to keep rising due to high oil and food costs, Bank of Japan Governor Masaaki Shirakawa said, underlining the central bank's policy dilemma as it juggles the risks of slowing growth and rising global inflationarypressure.

  • Malaysia Exports Jump on Crude, Palm Oil Demand Friday, 4 Jul 2008 | 2:01 AM ET

    Malaysian exports in May jumped 22 percent from a year earlier to a record high, far exceeding market expectations, thanks to high shipments of crude, palm oil and electronics.

  • Historic China-Taiwan Flights Take Off Thursday, 3 Jul 2008 | 9:25 PM ET

    Historic regular flights between Taiwan and China began on Friday, in a show of conciliation between the long-time rivals that could bring large numbers of mainland Chinese visitors to the island.

  • Taiwan to Let Funds Invest More in China Stocks Thursday, 3 Jul 2008 | 1:47 AM ET

    Taiwan's cabinet announced a plan on Thursday to raise the amount of assets that Taiwan mutual funds can invest in China stocks, the latest in a series of measures to further improve trade ties with China.

  • Malaysia's Anwar May Emerge the Hero in Sodomy Saga Thursday, 3 Jul 2008 | 1:37 AM ET
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    The sodomy allegation confronting Anwar Ibrahim could end up helping him more than hurting him in his drive to lead Malaysia's opposition to power for the first time in history.

  • China Moves to Fight Speculative Money Wednesday, 2 Jul 2008 | 12:27 PM ET

    China on Wednesday tightened the administration of its capital controls in a move aimed at deterring speculative inflows of foreign currency.

  • Most Malaysians Believe Anwar Is Innocent: Polls Wednesday, 2 Jul 2008 | 1:40 AM ET
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    Opinion polls showed most people believed Malaysian opposition leader Anwar Ibrahim did not commit sodomy against a young aide after a similar charge landed him in jail for six years before it was overturned.

  • Malaysia's Anwar Files Counter Complaint with Police Monday, 30 Jun 2008 | 11:34 PM ET
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    Malaysian opposition leader Anwar Ibrahim, accused of homosexual assault, is lodging a police report on Tuesday claiming the police chief and attorney-general fabricated evidence against him in a similar case a decade ago.

  • China PMI Hits Near-3-Year Low as Costs Soar Monday, 30 Jun 2008 | 10:32 PM ET
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    China's manufacturing sector has lost considerable momentum because of surging costs at home and weak demand from abroad, an official survey showed on Tuesday.

  • Japan Business Sentiment Falls Less Than Expected Monday, 30 Jun 2008 | 9:20 PM ET
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    Confidence among big Japanese manufacturers fell to a five-year low in June, a central bank survey showed, but the fall was less than expected, hitting Japanese bonds while helping push up shares.

  • South Korea Cuts Slightly 2008 GDP Forecast Monday, 30 Jun 2008 | 7:44 PM ET
    Korea, Korean Flag

    South Korea's central bank cut its economic growth forecast for the second half of the year by a half percentage point on Tuesday, while shaving its full-year growth forecast by a smaller margin.