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Malaysia and Singapore to Boost Cybercrime Cooperation in Cross-Border Crime Agreement

Key Takeaway: Cybercrime will be included in Malaysia-Singapore cross-border crime cooperation , as the two countries prepare to renew their Memorandum of Understanding (MOU) on the matter. Malaysia’s Home Minister, Datuk Seri Saifuddin Nasution Ismail, announced that cybercrime will be a new focus in Malaysia-Singapore cross-border crime collaboration . The updated MOU will be signed on Nov 14 during Saifuddin’s meeting with Singapore’s Minister of Home Affairs and Law, K. Shanmugam. This move reflects the growing threat of cybercrime , which costs ASEAN an estimated US$64 billion annually. The agreement emphasizes capacity-building, intelligence-sharing, and joint operations as vital components for addressing cybercrime. The exchange of MOU documents will occur at the Annual Leaders' Retreat on Dec 8 in Malaysia, which will be attended by the prime ministers of both nations. Saifuddin also highlighted plans to discuss border congestion issues and will visit Singapore’s Immi
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Stock Rally Shows Signs of Fatigue Before CPI Data: Markets Wrap

 After a strong five-day run, US stocks showed signs of slowing as traders awaited key inflation data and more insight on President-elect Donald Trump’s economic policies. The S&P 500 saw minor changes, while small caps and bank stocks lost some ground, with Bitcoin also pulling back from its recent highs.

Following record-setting gains post-election, Citigroup strategists, led by Chris Montagu, suggested that stocks could face profit-taking soon. Bank of America reported that US equity exposure hit an 11-year high, reflecting optimism about future economic growth.

Market highlights included:

  • S&P 500 remained steady, while the Dow Jones dipped by 0.2% and the Russell 2000 by 0.4%.
  • Treasury yields for 10-year notes rose to 4.38%.
  • The Bloomberg Dollar Spot Index gained 0.4%.

Traders are focusing on the upcoming Consumer Price Index (CPI), expected to show a slight pickup, which could influence the Federal Reserve’s rate decisions. The core CPI is forecasted to rise modestly, with the overall CPI potentially increasing 0.2% for the fourth consecutive month.

The swap market shows a 60% chance of a quarter-point rate cut by the Fed either in December or January, although bets on additional future rate cuts have decreased.

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