This talk considers the dynamics of a layer of an incompressible electrically conducting fluid interacting with the magnetic field. The upper boundary is in contact with the atmosphere, and the lower boundary is a rigid flat bottom. We prove the global well-posedness of the inviscid and resistive problem with surface tension around a non-horizontal uniform magnetic field in a two-dimensional horizontally periodic setting; moreover, the solution decays to the equilibrium almost exponentially. One of the key observations here is an induced damping structure for the fluid vorticity due to the resistivity and transversal magnetic field. This is a joint work with Professor Zhouping Xin.