Asia's slow financial comeback
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SYDNEY TODAY MARKS the 10th anniversary of the start of the Asian financial crisis. Thailand abandoned its costly policy of pegging the baht to the US dollar on July 2, 1997, and the subsequent chain reaction brought on the catastrophic collapse of the "Asian miracle," as Asia's years of stellar growth performance had been dubbed.
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Good news for officials who are trying to cool an overheated economy; austerity measures to remain. BEIJING  - China reported a marked slowdown in investment and money supply growth Monday, but stubbornly
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As the dollar has slumped this fall, many investors have started to worry that people in Asia who own U.S. stock will be tempted to pare their holdings.
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Asian markets staged a late day comeback from heavy losses on Friday, taking heart from a financial package mooted by President George W. Bush aimed at cushioning the economy from a downturn.
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Asian stock markets took a breather on Monday, but the underlying tone was positive after the U.S. president and Federal Reserve chairman both talked about tackling a credit problem that had roiled financial markets.
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Investors took advantage of low prices today and started buying again, bringing sighs of relief to Asia.
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The world economy is sound, although financial markets may remain ragged for some time, and China must let its currency rise faster to rebalance global growth, finance officials from rich nations said on Friday.
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BusinessWeek Online - Malaysia has never aspired to be the freewheeling financial hub that Hong Kong and Singapore have become in Asia. For nearly 30 years, the country has been closed to all but a handful of foreign banks -- and they were mostly outfits like HSBC Bank Holdings PLC  and Standard Chartered Bank that had been there since colonial times. During the Asian financial crisis of 1997-98, foreign banks pared back operations even more. ...
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More bad news out of Asia weighed on investors Monday.
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Taiwan&#39;s stock market, the fifth- biggest in Asia, reopens this morning after a two-day shutdown caused by Typhoon Aere. The benchmark Taiex may drop on infrastructure damage, lost production
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Asian countries put the humiliation of the 1997 financial crisis behind them on Monday, arguing they were in a better position to deal with the sort of meltdown that crippled the region a decade ago.
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Asian stocks ended one of the worst months on record on a slightly brighter note on Thursday, brushing aside worries about top U.S. bond insurers' credit ratings, while the latest U.S. interest rate cut weighed on the dollar.
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Asian powerhouses China and India have to grapple with some critical problems in their financial systems amid a projected slowdown in global economic growth, experts warn.
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Finance ministers say the global economy is now recovering after the recent turmoil in worldwide markets.
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A credit-strapped world turns to the funds of the Middle East and Asia.
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Asian markets slip after the military takeover in Thailand, but the lack of conflict means losses are limited.
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Asian financial markets showed a mixed reaction Friday to China's first interest rate rise in nine years, which analysts welcomed as a shift toward capitalist-style economic tools and away from central planning.