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WASHINGTON: The twin surprises of weak jobs growth and strong inflation in April has not dented the U.S. central bank's plans to keep its support for the economy wide open, Fed vice chair Richard Clarida said on Wednesday, adding it will still be "some time" before the economy is healed enough for that to change.
KUALA LUMPUR: Higher demand for financing would continue to buoy Public Bank Bhd’s near-term trajectory following its strong showing in the first quarter.
Boardroom changes at two companies to ensure synergy
The Association of Banks in Malaysia (ABM) reiterated today that its member banks continue to make available repayment assistance to affected borrowers as announced previously.
PUTRAJAYA: The government's decision to keep the economy open during the third Movement Control Order (MCO3.0) is to protect certain groups, especially the vulnerable, as well as small and medium businesses.
Kerjaya Prospek Group may consider merging with Eastern & Oriental in five to 10 years
The US Department of Justice has remitted about RM1.9bil (US$452.4mil) of seized 1MDB funds to the Malaysian government, according to a statement by the Finance Ministry.
SYDNEY: An extended sell-off drove Asian shares to their lowest in seven weeks on Wednesday as surging commodity prices and growing inflationary pressure in the United States prompted markets to bet on earlier rate hikes and higher bond yields globally.