Short-term interbank rates stable
KUALA LUMPUR, July 8 — Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)’s intervention to absorb excess liquidity from the financial system.
BNM estimated today’s liquidity at RM30.43 billion in the…
Ringgit higher against the dollar
KUALA LUMPUR, July 8 — The ringgit opened marginally higher against the US dollar on renewed buying support for the local note.
At 9.04am, the local currency was quoted at 3.8050/8080 against 3.8060/8080 yesterday.
A dealer said the ringgit…
Oil edges up as Greece, China worries drag
SINGAPORE, July 8 — Oil futures steadied early today on an expected drop in US inventory, but worries over the Greek debt crisis and China’s stock market turmoil dragged on prices.
A Reuters poll flagged a 700,000-barrel decline in US oil…
As Greece deadline set, euro weaker
NEW YORK, July 8 — The euro held losses and US equity futures declined after European leaders signaled they’ll force Greece out of the currency union if a Sunday deadline isn’t met.
Chinese index futures slid as the nation’s stock selloff spread…
As Europe sets deadline for Greece proposals, Asian stocks slide
SINGAPORE, July 8 — Asian stocks fell after European leaders gave Greece until Sunday to submit a new set of reforms or be thrown out of the currency union.
The MSCI Asia Pacific Index dropped 0.3 per cent to 143.29 as of 9:01am in Tokyo….
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