Bloomberg Former general Prabowo Subianto is firming as a candidate for Indonesia’s presidential election, raising the prospect of a rerun of the bitter 2014 race that saw Joko Widodo take power in Southeast Asia’s biggest economy. In the strongest signal yet, the co-founder of the main opposition party known as Gerindra has indicated that Prabowo would be the party’s nominee ...

When asked why his opinions frequently changed, economist John Maynard Keynes is said to have responded with some variation of “When the facts change, I change my mind.” Well, it’s time the Federal Reserve changed its thinking on monetary policy. Economies are becoming increasingly driven by real and financial asset prices, meaning financial stability can no longer be relegated to ...

Budget airlines are all about cheap flights — AirAsia Bhd. really brings new meaning to the term. Its non-fuel costs are the lowest in the entire industry. At 1.73 US cents per available seat kilometer, they’re less than half of Ryanair Holdings Plc’s 3.59 cents and about one-sixth of the amount paid by the big three US carriers, according to ...