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Business 02 Mar 2017 | 12:00 AM

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.

Business 02 Dec 2008 | 12:00 AM

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.