Bloomberg Indonesia’s central bank says the rupiah is “very undervalued” following a two-month slide. Investment banks and money managers are predicting further losses. Goldman Sachs Group Inc. says climbing US yields and a potentially firmer dollar will keep hurting Indonesian assets in the near term, while PineBridge Investments Asia Ltd. says the rupiah will keep sliding due to the global ...

Bloomberg Bond yields climbed and US futures steadied as traders awaited inflation data, a Treasury auction and corporate earnings to assess the market outlook. Bitcoin hit a record. The yield on the 10-year US benchmark headed back toward 1.7%, with rates across Europe rising in sympathy. Gains in European shares were led by tech shares, while most US stock futures ...

Bloomberg Stock investors in China are ignoring a spate of recent bullish earnings as worries about further liquidity tightening continue to weigh on market sentiment. A 1200% jump in Tesla Inc-supplier Sichuan Yahua Industrial Group Co’s first-quarter earnings guidance was followed by a slump of as much as 7.7% in its shares on Tuesday. In the previous session, Suofeiya Home ...

Bloomberg Oil gained, topping $60 a barrel, as investors continued to assess the recovery in consumption globally. Futures in New York rose as the dollar fell, making commodities priced in the US currency more attractive. Federal Reserve Chair Jerome Powell said that the US economy was poised for stronger growth, but he cautioned that the pandemic remains a threat. That’s ...

Bloomberg Walmart Inc’s e-commerce unit, Flipkart Online Services Pvt, signed a pact with tycoon Gautam Adani’s conglomerate to build one of the largest retail warehouses in India as the US giant gears up to battle Amazon.com Inc and homegrown rivals in the South Asian nation. The partnership marks the entry of Adani, India’s fastest-rising billionaire, into the three-way fight for ...

BELGRADE / WAM Mubarak Saeed Burshaid Al Dhaheri, UAE Ambassador to Serbia, and Nikola Selakovic, Minister of Foreign Affairs of Serbia, have reviewed means to further develop cooperation between the two countries. During the meeting, the two sides commended the sincere friendship and fruitful cooperation between the UAE and Serbia thanks to the distinguished relationship between the leadership of the ...

Bloomberg US stocks pushed lower while investors weighed the start of corporate earnings season and an influx of bond supply that loom as speedbumps to a roaring rally. Tech shares turned lower again after Nvidia Corp. said it’s offering the company’s first server microprocessors, extending a push into Intel Corp.’s most lucrative market. Intel shares fell more than 4% on ...

Bloomberg India’s deepening coronavirus crisis slammed the nation’s stocks and currency on concern it will deliver a fresh blow to an economy that’s only just recovering from the worst contraction in nearly seven decades. The Indian rupee dropped past 75 to a dollar for the first time since August 2020, while the benchmark S&P BSE Sensex Index declined as much ...

Bloomberg Joe Biden’s tax hike proposals will deal a blow to corporate earnings growth next year, Goldman Sachs Group Inc. strategists warned, highlighting a headwind for US equities following a rally that has pushed prices to record highs. The US president wants to raise corporate income tax to 28% and set a 21% minimum levy on global corporate earnings. The ...

Bloomberg An ambitious pledge to cut greenhouse-gas emissions under consideration by the US gives President Joe Biden more leverage when he hosts leaders for a climate change summit later this month — presenting a particular challenge to China’s Xi Jinping. The White House may commit to emissions cuts of 50% or more from 2005 levels by 2030, Bloomberg reported this ...