KUALA LUMPUR -- MALAYSIA'S ruling party on Thursday selected candidates loyal to incoming prime minister Najib Razak for top leadership posts.
According to results announced at the meeting, Trade Minister Muhyiddin Yassin seized the post of Umno deputy president, which traditionally carries with it the position of deputy prime minister.
NEW YORK - WALL Street shares powered higher on Thursday to extend their rally amid growing optimism on prospects for economic recovery as the market shook off the latest grim reminders of the depth of the slump.
The Dow Jones Industrial Average vaulted 174.75 points (2.25 per cent) to 7,924.56 at the closing bell, extending the rally that has pushed the blue-chip index up more than 20 per cent from March 9 lows.
WASHINGTON - US TREASURY Secretary Timothy Geithner on Thursday called for broad reforms to curb risk taking on Wall Street.
This includes a new regulator to oversee the entire financial system in a bid to restrain behaviour that led to the worst credit crisis since the 1930s.
WASHINGTON - PRESIDENT Barack Obama turned to cyberspace on Thursday for an Internet town hall meeting, hoping to deepen support for his broad and expensive assault on economic hard times.
Mr Obama kicked off a first-of-its-kind Internet-era town hall at the White House on Thursday.
