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Ringgit hits 16-year low on political uncertainty

alaysia's ringgit hit a 16-year low Monday on growing political uncertainty following allegations that a probe into a state investment fund found hundreds of millions of dollars were transferred into the prime minister's personal accounts.


Europe scrambles to respond to Greek 'No' on bailout

European leaders reacted with a mix of dismay and caution Sunday after Greek voters defied their warnings of a possible "Grexit" by saying a resounding 'No' to creditors' harsh bailout terms.


Ringgit bearish on external, local factors

The ringgit continued to remain bearish as Greece's exit from the eurozone became imminent after the country voted to reject the terms of a bailout.


Euro picks up after Greek finance minister resigns

The euro rose Monday afternoon following news that Greece's Finance Minister Yanis Varoufakis is resigning, a shock announcement for a man who has been at the centre of Athens' high-profile debt negotiations for months.


Emergency eurozone summit on Greece on Tuesday

Eurozone nations will hold an emergency summit on Tuesday to discuss the Greek referendum "No" result after the German and French leaders called for a meeting, EU president Donald Tusk said.


Europe's impossible dilemma: let Greece stay or let it go?

Europe faces a near impossible choice between giving debt-laden Greece a chance or pushing it out of the euro and risking global turmoil, analysts said Sunday, after Greek voters overwhelmingly rejected international creditors' terms.


Greece's bailout referendum: who, why, where?

Nearly 10 million Greek voters will take to the ballot booths Sunday to vote 'Yes' or 'No' in a referendum asking if they accept more austerity measures in return for bailout funds.


Ringgit to rebound against greenback next week

The ringgit is expected to appreciate slightly against the US dollar next week on improved buying interest, a dealer said.


Defiant PM rejects Grexit fears as he rallies 'No' vote

Greece's Prime Minister Alexis Tsipras got a rock-star welcome at an Athens rally Friday as he sought to revive support for a "No" vote in a referendum called to strengthen his hand in talks with international creditors.


Greek referendum outcome to affect Bursa next week

Greece's referendum on Sunday is expected to weigh heavily on global equity markets including Bursa Malaysia's performance next week despite the stable rating by Fitch Ratings towards Malaysia's economic outlook.