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Malaysia can weather storm - Business Times Malaysia
The Malaysian economy is not likely to slip into recession, but pro-growth policies must be in place to mitigate risks to the slower growth in 2009, says Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz. "We believe the economy can ride out ...

Consumer confidence sinks - Portsmouth Herald
NEW YORK — Consumer confidence hit an all-time low in December, dropping unexpectedly in the face of layoffs and deteriorating markets for housing, stocks and other investments. The Conference Board's Consumer Confidence Index fell to 38 in ...

Oil Near $40 As Investors Eye Gaza Conflict - The Bulletin
Singapore — Oil prices hovered near $40 a barrel Tuesday in Asia on investor concerns the conflict between Israel and Hamas could further heighten tensions in the oil-rich Middle East. Light, sweet crude for February delivery fell 16 cents to $39 ...

Fed to buy securities tied to mortgages - Baltimore Sun
WASHINGTON The Federal Reserve says it will begin purchasing up to $500 billion in mortgage-backed securities early next month in an effort to bolster the housing market. The Fed announced the purchases last month but did not say when they would ...

Malaysia's PM-in-waiting says large fiscal injection may be needed to ... - Minneapolis Star Tribune
KUALA LUMPUR, Malaysia - Malaysia's prime minister-in-waiting says he may use another fiscal package to stimulate the sagging economy, warning that the global financial meltdown could result in job losses at home in 2009. "What we are facing are the ...