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“The ringgit will find the natural level commensurate to the growth prospect of the country” and be aided by a decline in interest rate differentials with the US, Amir said in an interview in Washington on Thursday. “Malaysia will look more attractive and the ringgit should strengthen along the way.”
Mārtiņš Kazāks, governor of the Bank of Latvia and a member of the European Central Bank's Governing Council, on Thursday weighed in on the possibility of a jumbo half-point interest rate cut for December.
SINGAPORE: A Singaporean man who is accused of stealing and laundering US$230 million in cryptocurrency had pretended to be a Google employee to hoodwink his victim, court filings showed.
India and China have recently agreed to disengage from their prolonged border standoff in the western sector of the India-China Himalayan border on the sidelines of 16th BRICS summit. Tensions have simmered since June 15, 2020, after 20 Indian and an unknown number of Chinese soldiers were killed in a high-mountain clash.
In Greek mythology, the princess Cassandra warned her fellow Trojans that the wooden horse outside the gate of Troy was packed with Greek warriors. No one believed her. The Trojans brought the horse into the city. Catastrophe ensued.
An escalation of trade and tariffs tensions between the U.S. and China would have "costly" economic consequences around the world, Gita Gopinath, deputy managing director of the International Monetary Fund told CNBC on Wednesday.
Nuclear power may be making a comeback in the U.S. after years of setbacks — and big tech is the driving force.