KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Argentina's central bank is collaborating with banks and credit card companies to introduce debit cards denominated in U.S. dollars , according to bank chief Santiago Bausili in a post on X (formerly Twitter). This initiative is part of a broader effort to adopt the U.S. dollar as the country's official currency . Bausili mentioned that the regulations are in place , but the actual implementation will require system and security developments , which are currently underway. Although he did not specify a launch date, earlier reports from Infobae indicated the cards could be available by year-end . This move aligns with President Javier Milei’s campaign pledge to dollarize Argentina's economy and gradually phase out the central bank. While Milei has slowed down the immediate shutdown of the central bank, his administration has focused on curtailing the supply of pesos and expanding the use of dollars for more types of transactions.