Economics/Business

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Thai Junta Stumbles on the Baht

Thai stocks crashed Tuesday after the central bank imposed the harshest capital controls since the 1997 financial crisis in an effort to weaken the surging baht, prompting the government to quickly reverse co... Read More...
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Indonesia, Malaysia push a biofuels cartel

Just as the administration of US President George W Bush is being urged by a group of leading US business executives and senior military officers to act decisively to break America’s dependence on o... Read More...
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Mr Paulson Goes to China

It is a measure of the shock and awe with which the US currently views China that six members of President George W Bush’s cabinet plus Federal Reserve Chairman Ben Bernanke are in Beijing this week. ... Read More...
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Fleecing Asia’s Homebuyers

The traditional Chinese adage, “Wealth comes from land” has never been as important to many ethnic Chinese around the world as today when growing consumer wealth enables a new class of people to... Read More...
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The Devil and the Dollar

The dollar fell 2% against the yen last week and is at a 19-month low against the euro and appears set to go lower. Several Asian currencies, even including the Philippine peso, are at their best levels sin... Read More...
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Lenovo’s Long March

So far as the outside world was concerned, Hong Kong-listed Lenovo (previously Legend, and referred to in this book by its Chinese name of Lianxiang) came almost from nowhere in 2004 to buy IBM’s mone... Read More...