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SYDNEY: Australia’s securities regulator is probing Westpac Banking Corp on allegations of insider trading, just months after the country’s second-biggest lender paid a record fine to settle breaches of anti-money laundering laws.
KUALA LUMPUR: The ringgit extended its gains against the US dollar for the second consecutive day, buoyed by the stronger Brent crude oil price, a dealer said.
WASHINGTON: U.S. Treasury Secretary Janet Yellen (pic) said on Tuesday she sees no inflation problem brewing, downplaying earlier comments that rate hikes may be needed to stop the economy overheating as President Joe Biden's spending plans boost growth.
KUALA LUMPUR: Malaysia's central bank is expected to leave its key interest rate at a record low on Thursday to help support the economy's recovery as coronavirus cases rise, even as it has benefited from strong external demand.
Malaysia is in a strong position to ride a vaccine-led global economic recovery once the domestic Covid-19 situation is under control, according to the Asean+3 Macroeconomic Research Office (AMRO).