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BRUSSELS: European Union leaders took a big stride towards establishing a single banking supervisor for the euro zone, striking a deal under which the bloc's rescue fund could start recapitalising ailing banks next year, a French government source said.
The International Islamic Liquidity Management Corp (IILM), a company backed by central banks located mainly in Asia and the Middle East, appointed on Friday a new chief executive ahead of its first issuance due within the next few months.
BERLIN: German Chancellor Angela Merkel said the top financial official of the European Union (EU) should have the power to veto the national budgets of member states.
KUALA LUMPUR: Following is a list of events in Malaysia as well as news company-related and market news whichcould have an influence on the local market.
KUALA LUMPUR: The household sector is exposed to inherent risks in the local financial system as it is the main debtor of the local economy with a household debt to gross-domestic-product ratio of more than 70%, said a professor of finance and econometrics.