Japan, Malaysia sign 3 billion USD currency swap deal

Japan, Malaysia sign 3 billion USD currency swap deal

Japan and Malaysia on September 18 signed a mutual currency swap arrangement to allow each side to provide the other up to 3 billion USD to prevent a financial crisis, the Japanese Finance Ministry said.
ASEAN+3 finance ministers propose measures to deal with financial crisis

ASEAN+3 finance ministers propose measures to deal with financial crisis

The ASEAN+3 finance ministers have agree to consider adding the Japanese yen and Chinese yuan to currency swap arrangements in addition to the US dollar as part of efforts to deal with possible financial crises while rejecting protectionism amid growing US-China trade tensions.
Wall Street stocks end their worst year since 2008

Wall Street stocks end their worst year since 2008

Major indices notched modest gains in the year's final session, but it barely made a dent compared with the rest of December, the market's worst month in nearly a decade.