Border re-demarcation to resolve Limbang issue: Rais

KUALA LUMPUR, 19 March 2009: The re-demarcation of the Malaysia-Brunei  border will be carried out to resolve various border issues including that of Limbang, Foreign Minister Datuk Seri Utama Dr Rais Yatim said today.He said the issue of Limbang would be tourism malaysia as resolved once the exchange of border agreements signed by both activate streamyx was finalised.Rais made these...

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NEW YORK, March 19 ?US stocks rallied yesterday after the Federal Reserve surprised Wall Street when it said it will buy long-term Treasury bonds for the first time in four decades in an effort to revive the recession-hit economy.

The Fed's move, aimed at resuscitating lending, drove the yield on the 10-year US Treasury note to its biggest one-day drop since the 1987 stock market crash and 30-year mortgage rates fell to around their lowest levels on record.

Shares of financial companies and home builders gave the market some of the biggest lifts as investors bet that the Fed's move would kick-start lending. Bank of America Corp shares soared 22.3 per cent to US$7.67 (RM28.40) while home builder D.R. Horton Inc rose 7.7 per cent to US$9.07.