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SYDNEY: Australia is scrapping the panel that sets its interbank lending rates after an exodus of banks from the panel, the first major market to dismantle the tarnished structure in the wake of the Libor rate-rigging scandal.
WASHINGTON (Reuters) - Banks are going to bat for Democrats in the U.S. November midterm congressional elections as part of an ambitious strategy to rebuild the bipartisan support they enjoyed before the 2007-2009 financial crisis.
PETALING JAYA: Post-election, Malaysian onshore financial markets remain stable and orderly, and continue to function in an effective manner, facilitating smooth intermediation activities among market participants.
NEW YORK: Major U.S. stock exchanges expect to reopen on Wednesday(Wednesday night in Malaysia) after Sandy, the worst storm to hit New York in nearly 75 years, closed trading for two days.
KUALA LUMPUR: The onshore forex market is undergoing a period of adjustment and Bank Negara Malaysia (BNM) has been more active in supplying liquidity on both sides to address the demand and supply mismatches.
NEW YORK (Reuters) - 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.