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Country's reserves remain stable, says BNM

KUALA LUMPUR: The detailed breakdown of Malaysia’s international reserves under the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format indicates that as at end-August, the country’s reserves remained usable.


KLCI returns to positive territory at midday

KUALA LUMPUR: After eight straight days of losses, the FBM KLCI managed to stay afloat in Friday morning trade after spending some time in the red.


RBC's CEO pushes back on suggestion bitcoin is a fraud

The chief executive of Canada's biggest lender on Thursday pushed back on a suggestion by JPMorgan chief executive Jamie Dimon that bitcoin is a fraud, though he said the cryptocurrency needs monitoring.


Breakfast briefing: Friday, September 29

Breakfast briefing: Friday, September 29


Banks in strong position to meet new funding rules, says CIMB Research

KUALA LUMPUR: Malaysian banks are in a strong position to meet the requirement for the net stable funding ratio (NSFR), when it comes into effect in 2019 or later, says CIMB Equities Research.


Study: Millionaires’ wealth at record US$63.5 trillion globally last year

HONG KONG: The number of millionaires in the world rose by nearly 8% last year to an all-time high of around 16.5 million people, with record total wealth of US$63.5 trillion, according to a report by global consultancy firm Capgemini.


Nordic banks plan counter attack

COPENHAGEN: About 100 years ago, Nordic countries shared a currency. Danske Bank A/S wants them to try again, this time on the digital front


Banks face new funding rules

KUALA LUMPUR: The implementation of Bank Negara’s new liquidity requirements called the net stable funding ratio (NSFR) beyond Jan 1, 2019 could potentially lead to higher funding costs, lower margins and higher lending rates.

Other Sport

Exclusive - From cyber unit to troops, South Korea adds extra layer of Olympics security amid tensions

SEOUL (Reuters) - Rattled by rising tensions with North Korea, South Korea is taking extra measures to try to ensure the safety of the 2018 Winter Games, including setting up a crack cyber defence team and doubling the number of troops, according to officials and documents reviewed by Reuters.


Lyft close to selecting IPO adviser

Lyft Inc is close to hiring an initial public offering advisory firm, in the first concrete step by the second biggest US ride service company to become publicly listed, according to people familiar with the matter.