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Banking 15 May 2018 | 2:52 PM

Onshore financial markets remain stable, says Financial Markets Committee

KUALA LUMPUR: Malaysia’s onshore financial markets remain stable and orderly when they reopened on Monday after the 14th General Election, says the Financial Markets Committee (FMC).

Business 03 Dec 2018 | 12:00 AM

Stock markets to shut Wednesday to honour late president

NEW YORK: Stock markets will close Wednesday for a national day of mourning to honour former President George H.W. Bush. The Securities Industry and Financial Markets Association hasn’t confirmed whether bond markets will also be closed.

Banking 15 Jun 2016 | 10:55 AM

Bank Negara adopts more transparent spot-fixing method for US$/ringgit

KUALA LUMPUR: Bank Negara Malaysia (BNM), in collaboration with the Financial Markets Association of Malaysia (FMA), has introduced a new methodology in the US dollar/ringgit (USD/MYR) spot fixing, which is based on market transaction data rather than submission of quotations by selected banks.

Economy 25 Aug 2015 | 12:00 AM

FMAM welcomes PM's assurances on economy

KUALA LUMPUR: The Financial Markets Association of Malaysia (FMAM) is encouraged by the Prime Minister and Finance Minister Datuk Seri Najib Tun Razak’s assurance that Malaysia would not impose capital controls nor peg the ringgit.

Business 29 Oct 2012 | 12:00 AM

U.S. stock markets closed as storm hobbles New York(update)

NEW YORK: U.S. stock and options markets will be closed on Monday, and possibly Tuesday, as regulators, exchanges and brokers worry about the integrity of markets and the safety of employees in the face of Hurricane Sandy.

Business 20 Sep 2013 | 6:59 AM

Wall Street Launches Defense Of Physical Commodities Role

NEW YORK: Wall Street launched its first concerted defense of its role in physical commodity markets on Thursday, funding a report that highlighted the risks of banks being pushed out of the sector by political and regulatory pressure, and gaining support from an influential trade group.

Forex 14 Jul 2014 | 12:00 AM

Foreign banks bend to US rules

LONDON: Financiers may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond US territory, but in the end they are more likely to bow to Washington than kick against its dollar muscle.

Business 15 Oct 2008 | 12:00 AM

Financial power shifts from Wall Street to Washington.

NEW YORK (AP) - The U.S.'s financial power center has shifted from Wall Street to Washington.