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KUALA LUMPUR: The credit profile of Malaysia (A3 stable) is supported by its large, diversified and competitive economy, strong medium-term growth prospects compared with similarly rated peers and ample natural resources, Moody's Investors Service says.
SINGAPORE (Reuters) - Singapore said on Thursday it had fined UBS S$11.2mil (US$8mil) after investigations showed the Swiss bank deceived wealthy clients over prices for bonds and structured products.
ATHENS (Reuters) - When he set up his own business washing boats and cars on the Greek island of Skyros nearly a decade ago, 42-year old Nikos Vourliotis was a young man with dreams and aspirations.
TOKYO: Bank of Japan (BoJ) governor Haruhiko Kuroda warned of the potential dangers of heavy money printing, saying that financial bubbles, when accompanied by excessive lending by commercial banks, tend to trigger financial crises.
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras called snap national elections after suffering a heavy defeat by the opposition conservatives in European Parliament elections on Sunday.
ATHENS (Reuters) - Prime Minister Alexis Tsipras hailed the end of a "modern-day Odyssey" on Tuesday after Greece emerged from nine years of bailouts, saying it should never forget the harsh lessons learned under tight financial supervision by its creditors.
VALLETTA, Malta (Reuters) - Last April, a Maltese journalist published stories saying a private bank on her island was serving high-ranking customers in Azerbaijan, and alleging it was processing corrupt payments. Six months later the journalist, Daphne Caruana Galizia, was murdered.
BEIJING: China’s President Xi Jinping urged local governments and companies – especially state-owned enterprises (SOEs) – to speed up efforts to reduce debt, as part of what he called the “critical battles” against financial risk, pollution and poverty.