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US: Stocks steady ahead of Fed minutes

Wall Street’s main indexes were little changed at the open on Wednesday (Oct 9) as investors awaited the minutes of the Federal Reserve’s latest meeting for more clues on the interest-rate…

Kiwi falls after hefty rate cut, US dollar edges up

THE New Zealand dollar slumped on Wednesday (Oct 9) after the country’s central bank cut interest rates by 50 basis points, while the US dollar nudged up against most currencies and hit a…

OCBC to stop Russia-linked transactions to cut risk

OVERSea-Chinese Banking Corp (OCBC) will stop handling any transactions involving Russia as it moves to cut exposure to the nation hit with global sanctions. Singapore’s second-largest…