Local money market to stay stable next week
KUALA LUMPUR, Aug 15 — The Malaysian money market is expected to remain steady next week with more stabilised rates as Bank Negara Malaysia (BNM) is expected to continue to manage excess liquidity.
The liquidity would come mostly from money…
Accused US ‘flash crash’ trader freed on bail in London
LONDON, Aug 15 — Navinder Sarao, the London-based day-trader accused by the United States of a market manipulation that contributed to a Wall Street “flash crash” in 2010, was freed on bail yesterday after spending four months in prison.
Sarao,…
Euro ministers agree to Greek bailout, woo IMF on debt
BRUSSELS, Aug 15 — Euro zone finance ministers agreed yesterday to lend Greece up to €86 billion (RM389 billion) after Greek lawmakers accepted their stiff conditions despite a revolt by supporters of leftist Prime Minister Alexis Tsipras….
US stocks up on upbeat data, Greek bailout agreement
NEW YORK, Aug 15 — US stocks ended a volatile week higher yesterday after upbeat US economic data and as euro zone finance ministers agreed to launch a third bailout programme for Greece.
All three major indexes also ended the week with slight…
Greece is in depression; ‘animal spirit’ is negative
NEW YORK, Aug 14 — How to measure the “animal spirit” of Greece?
By all accounts, the 11 million strong of the Hellenic Republic have endured their collective depression. But what could be considered a measure of how they are doing?
Many…
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