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Wall Street stocks registered heavy losses on Tuesday as market participants awaited the outcome of the Federal Reserve's two-day policy meeting and digested more mega-cap earnings.
While the rates will be higher than bank term loans and SBA loans, non-bank lenders are usually willing to provide funding, albeit at a higher coast of capital.
KUALA LUMPUR: The ringgit opened marginally lower against the US dollar today ahead of the highly anticipated Federal Open Market Committee (FOMC) meeting which will begin tonight.
Nervousness on Dalal Street as Nifty bulls debate 'Sell in May and go away'. Positive April returns trigger unease. US Fed meeting hints at rate cut projection. Analysts advise capitalizing on Nifty dips for buying opportunities.
KUALA LUMPUR: The ringgit opened easier against the US dollar on Monday as investors remained on the sidelines in anticipation of a number of significant global events and data points, including the upcoming Federal Open Market Committee (FOMC) meeting.