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WASHINGTON: Group of 20 finance leaders on Friday agreed to set strict regulations on cryptocurrencies such as Facebook's Libra, warning that issuance of such "stablecoins" should not be allowed until various global risks they pose are addressed.
KUALA LUMPUR: Malaysia is open to more talks with Goldman Sachs after having two rounds of discussions to drop criminal charges against three units of the bank over the 1MDB scandal, the country's top prosecutor told the Nikkei Asian Review.
NEW DELHI: India’s financial fraud agency said worth 40.25 billion rupees (US$567.60mil) of Bhushan Power & Steel Limited were connected with a money-laundering probe, a move that could scupper the debt-ridden firm’s sale to JSW Steel Ltd.
COPENHAGEN: For the past decade, investors in the iconic luxury TV and stereo maker Bang & Olufsen (B&O) have looked up to just one chairman. But during that time, they’ve had four chief executives. They’ve also seen the value of their investment drop by 40%.
MOSCOW: Between 2009 and 2015, Mihhail Murnikov spent his days handling as many transactions as he could at the non-resident unit of Danske Bank A/S in Estonia.
KUALA LUMPUR: The Securities Commission (SC) has dismissed VCB Capital Sdn Bhd's (VCB) appeal against the regulator's decision to revoke its fund management licence.
SINGAPORE: Southeast Asian stock markets fell on Wednesday, as a slump in US manufacturing activity renewed fears of a global growth slowdown and underscored the damaging effects of the prolonged trade war with China.
KUALA LUMPUR: Bank Negara and Bank Indonesia (BI) have entered into agreements to further strengthen bilateral monetary and financial cooperation between the central banks.
BEIJING: China isn’t in a rush to add massive monetary stimulus, in contrast with other central banks around the world, and must maintain a prudent policy stance, central bank Governor Yi Gang said at a press briefing in Beijing.