BUSINESS

U.S. Spending Bill To Cut Inflation, Deficit Over Time - Moody's

Signage is seen outside of the Moody's Corporation headquarters in Manhattan, New York
A sweeping bill passed by the U.S. Senate on Sunday and intended to fight climate change, lower drug prices and raise some corporate taxes, will bring down inflation over the medium to long term and cut the deficit, ratings agency Moody's Investors service told Reuters on Monday.
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A view of the city skyline in Kuala Lumpur

Exclusive-Malaysia's Hong Leong Bank Chairman Weighs Options For Stake In Bank - Sources

Malaysia's second-richest man Quek Leng Chan is weighing options for his stake in Hong Leong Bank Bhd, including a merger, two sources with knowledge of the matter said, in a move that could trigger wider consolidation in the sector.Quek, 80, is also exploring the possibility of reducing his stake in the Malaysian lender, said the sources who declined to be named due to the confidential nature of the matter.

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