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THE US dollar depreciated by 0.71% to 97.607 following a confluence of factors.
RIYADH/LONDON/DUBAI: Saudi Arabia is setting the stage for a blockbuster listing of state oil giant Saudi Aramco in Riyadh, relying on easy credit for retail investors and pushing rich locals to invest with cash held abroad to achieve a $2 trillion (1.6 trillion pounds) valuation target.
KUALA LUMPUR: Malaysia’s high level of stable core customer deposits support the banking system, but S&P Global Ratings cautions that competitive pressure is likely to remain in the home market.
PETALING JAYA: RAM Ratings has adopted a more conservative outlook for the Malaysian economy and expects GDP to expand by 4.5% in 2020, which is lower than the government’s forecast of 4.8%.
LONDON: HSBC Holdings Plc may partially exit stock trading in some developed Western markets as part of a cost-cutting drive by Noel Quinn, the interim chief executive who wants the top job on a permanent basis.
LONDON: Royal Bank of Scotland Group Plc is running Brexit clinics in the hope of soothing concerns that small and mid-sized businesses aren’t ready for what awaits them.
DUBAI: Dubai’s biggest bank is seeking to raise 6.45 billion dirhams (US$1.76bil) from a rights share offering as it expands abroad and courts more foreigners to its stock.
KUALA LUMPUR: Malaysia's high level of stable core customer deposits supports the banking system but S&P Global Ratings cautions competitive pressure is likely to remain in the home market.
KUALA LUMPUR: Standard Chartered Malaysia has appointed Manish Gupta as its head of commercial banking, with effect from Oct 1.
KUALA LUMPUR: RAM Ratings has adopted a more conservative outlook for the Malaysian economy and expects GDP to expand by 4.5% in 2020, which is lower than the government's forecast of 4.8%.