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March 2010
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Tag: Global Economy

Malaysian Exports Post Biggest Drop in 15 Years as Demand Ebbs

By Shamim Adam and Michael Munoz
March 6 (Bloomberg) — Malaysia’s exports fell the most in 15 years in January as the Asian economic slowdown worsened amid slumping global demand for electronics and commodities.

China to Keep Yuan Stable, Policy ‘Moderately Loose’ (Update1)

By Li Yanping
March 6 (Bloomberg) — China’s central bank reiterated a “moderately-loose” monetary policy for this year and said it would keep the yuan basically stable.

Korea Won Rises, Reversing Loss, on Exporter Deals; Bonds Gain

By Kim Kyoungwha
March 6 (Bloomberg) — South Korea’s won advanced, reversing a decline, on speculation the currency’s slump to the lowest level in 11 years encouraged exporters to convert their foreign exchange. Bonds rose.

Australia, New Zealand Dollars Slide as Equities Touch New Lows

By Candice Zachariahs
March 6 (Bloomberg) — The Australian and New Zealand dollars fell as U.S. equities plunged and Australia’s stock benchmark headed for its lowest close in 6 1/2 years after China quelled speculation the government will add to its stimulus plan.

Malaysia’s Ringgit Drops to 3-Year Low as Growth, Stocks Falter

By David Yong
March 2 (Bloomberg) — Malaysia’s ringgit fell, extending a two-month slide, on concern the risk of recession will deter investors from buying local assets.

Korean Won Falls, Touching Lowest Since 1998, on Weak Exports

By Kim Kyoungwha
March 2 (Bloomberg) — South Korea’s won weakened for a third day, touching the lowest since 1998, on concern that sliding exports will starve the nation of foreign exchange needed for banks to service overseas debt.