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Australia slashes interest rate to avert recession

SYDNEY, Australia (AP) - Australia's central bank slashed interest rates by one percentage point Tuesday in the latest bold move by the country's top finance officials to stave off a recession.


Merchantrade buys money changer Vital Rate

KUALA LUMPUR: Merchantrade Asia Sdn Bhd, the biggest money services business (MSB) provider by agent network in the country, has acquired money changing company Vital Rate Sdn Bhd.