15. News in Brief

Solid, long-term dollar role PARIS: The dollar will remain the dominant currency for the foreseeable future but that is not stopping other regions like Asia from developing their financial markets, said Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz. Speaking on the sidelines of a forum, she said Europe and Asia were doing their part to create options other than the dollar for investment purposes and that Asia’s efforts were focused in part on building a regional bond market. – Reuters Petronas, IPIC eye Vietnam refinery HANOI: A consortium including Abu Dhabi government-owned International Petroleum Investment Co (IPIC) and Malaysia’s Petronas have expressed interest in investing in a large oil refinery in southern Vietnam, state media reported. The Dau Tu, run by the Ministry of Planning and Investment, said the group,... [read full story]                    

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