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WARSAW: Poland’s central bank cut its main interest rate by 75 basis points to 6% on Wednesday (Sept 6), in a shock decision ahead of October elections that sent the …
Polish central bank stuns with 75-bps rate cut, zloty plunges Read MoreNEW DELHI: Oil prices were stable on Monday, amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to …
Oil steady amid OPEC+ supply cut expectations Read MoreASIAN currencies edged lower, while stocks were mixed on Monday after China surprised markets with a modest cut in lending rates, while Thailand’s economy grew at a much slower-than-expected pace. …
Asian FX slips, stocks mixed after China’s modest rate cut Read MoreKUALA LUMPUR: The ringgit ended lower against the US dollar today following China’s unexpected rate cut today. At 6 pm, the local note fell to 4.6335/6385 against the US dollar …
Ringgit easier vs US$ on China’s surprise rate cut Read More
NEW YORK: Wall Street finished lower on Wednesday (Aug 2), with the S&P 500 and Nasdaq Composite down for a second straight day as investors took profits on five months …
Wall Street eases, investors step back after Fitch US rating cut Read MorePETALING JAYA: Astro Malaysia Holdings Bhd will be undertaking a voluntary separation scheme (VSS), to allow the company to focus on its core business and activities in order to improve …
Astro to undertake VSS to cut expenses and improve finances Read More
KUALA LUMPUR: MIDF Research anticipates that the government will cut retail fuel prices, particularly the RON95 and diesel, to ensure price stability and ease living cost pressure in Malaysia. If …
Govt likely to cut RON95, diesel prices to soften living cost pressure Read MoreRIYADH: Saudi Arabia said on Monday (July 3) it was extending a voluntary oil production cut and Russia said it was slashing exports, as major producers tried to prop up …
Saudi oil production cut takes effect, Russia slashes exports Read More
GENEVA: Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse – more than half its workforce – as part of the emergency rescue takeover of its rival …
UBS to cut 35,000 jobs at Credit Suisse after rescue: Bloomberg News Read More
NEW YORK: Oil prices climbed over 3% on Tuesday (June 13) on hopes for growing fuel demand after China’s central bank lowered a short-term lending rate for the first time …
Oil prices settle more than 3% higher after China rate cut Read More