Dow and DuPont reaffirm to close merger in August 2017
June 28 Dow Chemical Co and DuPont on Wednesday reaffirmed their expectation to close their merger in August.
KUALA LUMPUR Dec 29 Malaysia's central bank on Thursday said it will phase out the nine-month tenure of its interbank benchmark rates, effective January 2018.
The decision to scrap the nine-month Kuala Lumpur Interbank Offered Rate (KLIBOR) was taken due to "limited market demand, relevancy and sufficiency of transactional data to support the rate setting process," Bank Negara Malaysia said in a statement.
Malaysia also offers 1-month, 2-month, 3-month, 6-month and 1-year KLIBOR rates.
"During the transitional period beginning 1 January 2017, all market participants with existing contractual agreements referencing the 9-month KLIBOR are expected to review their contracts to provide customers with alternative mechanisms," the central bank said, adding that new contracts should no longer use nine-month KLIBOR. (Reporting by A. Ananthalakshmi; Editing by Richard Borsuk)
NEW YORK, June 28 The now-delayed U.S. Senate healthcare overhaul bill would boost state spending on Medicaid by $565 million in 2022, according to an independent report issued on Wednesday, while credit agencies said it would cause states to face downward pressure on their credit ratings.