The ringgit’s decline in recent months has provided little relief for Malaysian exporters already struggling with a slump in demand worldwide, according to latest export figures.
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Donald Kohn, vice chairman of the Federal Reserve, learned this week about blackmail, Senate style, when he refused to disclose the names of financial institutions benefiting from the bailout of American International Group.
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Oil prices jumped 9 percent Wednesday as global stock markets rallied and the U.S. government reported crude levels in America’s storage houses unexpectedly shrank.
