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COPYRIGHT 2001 Asia Pulse Pty Ltd
An executive briefing on the economies of Asia for Aug 31, 2001, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.
RESERVE BANK OF AUSTRALIA EXPECTED TO CUT RATES NEXT WEEK
SYDNEY - An increasingly sluggish global economy means the Reserve Bank of Australia could slash interest rates by 25 basis points next week, according to economists.
The cash rate now stands at five per cent after the RBA's 50 basis point cut in April.
BANK CREDIT IN OMAN UP 6.4 PCT IN JUNE
MUSCAT - Oman's banking sector achieved good growth rates during June this year, as banks assets rose and the banking loans and facilities witnessed positive development.
The monthly statistical bulletin issued by the Central Bank of Oman said the banks' total assets and liabilities rose by 7.6 per cent during June this year to RO 4069.8 million (US$10,626.11 million) compared to RO 3780.9 million during the corresponding period last year.
WEAK A$ A DOUBLE-EDGED SWORD FOR AUSTRALIAN COMPANIES
SYDNEY - The fall of the Australian dollar to an all-time low last financial year caught many by surprise, and had an unprecedented impact on the bottom lines of companies large and small.
That recurring theme has echoed throughout the 2000/01 end-of-year reporting season.
INDIA'S GDP GROWTH UNLIKELY TO EXCEED 6 PCT:...
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