Business Services Industry
Fed rate cut may benefit Malaysia's reserve position, BUSINESS TIMES
Business Times (Malaysia), September, 2001 by Nor Sadnawaty Saifuddin; Maisara Ismail
Business Times (Malaysia) 09-18-2001 THE US Federal Reserve's (Fed) decision to cut interest rates yesterday may have a positive impact on Malaysia's foreign reserve position, as it could help stem capital outflow and perhaps even encourage some funds to come in. The Fed, in a much-anticipated move, cut federal fund rates by 50 basis points to 3 per cent in a move aimed at providing a leg up to the resumption of stock trading on Wall Street after a four-day break following terrorist attacks in New York and Washington.
The eighth cut this year brought US borrowing costs to the lowest level in more than seven-and-a-half years. "Generally speaking, the rate cut ahead of the Federal Open Market Committee meeting on October 2 is a reactive measure... the...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
