• Finance & Markets  |  FEBRUARY 27, 2015 7:55 AM

    US dollar reaches 1-month high on US data

    Story by
    www.reuters.com

    The dollar rose to a one-month high against a basket of currencies on Thursday as data on US inflation and business orders revived confidence in the world's biggest economy and supported bets the Federal Reserve will raise interest rates in the middle of the year.

     
  • Corporate & Finance  |  FEBRUARY 26, 2015 5:27 PM

    Maybank Islamic vying for top spot in Indonesia by year-end

    Story by
    www.bernama.com

    Malayan Banking Bhd (Maybank) hopes to see its Islamic arm, Maybank Islamic, among the top five Islamic banks in Indonesia by year-end, says chairman Megat Zaharuddin Megat Mohd Nor.

     
  • Finance & World Biz  |  FEBRUARY 26, 2015 10:48 AM

    Morgan Stanley to pay RM9 bil to settle mortgage bond claims

    Story by
    www.reuters.com

    Morgan Stanley said it will pay US$2.6 billion (RM9.4 bil) to the US government to resolve potential claims stemming from the sale of mortgage bonds before the financial crisis, reducing its 2014 profit by more than half.

     
  • Finance & Markets  |  FEBRUARY 26, 2015 7:35 AM

    US dollar falls as Yellen hints no hurry to hike US rates

    Story by
    www.reuters.com

    The dollar fell against a basket of currencies on Wednesday as traders trimmed their greenback holdings following Federal Reserve chair Janet Yellen's suggestion that the US central bank would not rush into raising interest rates.

     
  • Finance & World Biz  |  FEBRUARY 25, 2015 2:52 PM

    Brics’ New Development Bank to start by late 2015

    Story by
    www.bernama.com

    Russian Deputy Finance Minister Sergei Storchak said the New Development Bank (NDB) created by Brics (Brazil, Russia, India, China and South Africa) will begin operating late this year, Russia's TASS news agency reported.

     
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