(Reuters) -Flutter said on Tuesday it would buy Italy's Snaitech for 2.3 billion euros ($2.6 billion) including debt from gambling technology group Playtech, cementing its leading position in Europe's largest gambling market.
KUALA LUMPUR: The ringgit has appreciated by 7.86 per cent year-to-date, reaching another 20-month high against the US dollar as the markets approach the United States Federal Open Market Committee meeting.
Markets were closed on Monday, Sept 16, 2024, in observance of Prophet Muhammad’s birthday and the Malaysia Day public holiday. "Perhaps, front-loading the rate cuts by 50 basis points would alleviate concern over a possible slowdown in the economy and the Fed must exhibit their resolve to ensure maximum employment goals can be achieved.
He said the ringgit is likely to be the main beneficiary of the currency market movement as it would allow a narrower interest rate gap between the Fed Fund Rate and the overnight policy rate going forward.
Ringgit US Dollar Mohd Afzanizam Abdul Rashid Federal Reserve Interest Rate
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