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Indonesia still a darling for investors ignoring earnings

  Bloomberg Two thirds of Indonesia’s major companies missed earnings estimates in the first quarter, but that’s done little to stop investors from pouring into this enduring emerging-market darling. Overseas funds pumped the most money into the market in April for any month since mid-2014, even as Indonesia’s capital region saw its business-friendly governor lose a re-election campaign. The Jakarta ...

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China bets $1.2 billion on e-cars in VW’s Germany

  Bloomberg China’s Beijing WKW Automotive Parts Co. is betting on the future of electric mobility in Germany with a billion-euro factory nearby plants owned by Volkswagen AG and BMW AG. Beijing WKW will invest as much as 1.13 billion euros ($1.24 billion) on an electric car factory in the eastern state of Saxony that will create over 1,000 new ...

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India’s first infrastructure trust IPO gets 8.5 times demand

  Bloomberg India’s first bond-like securities giving investors exposure to the nation’s infrastructure projects received bids for 8.5 times the number of units offered. IRB Infrastructure Developers Ltd., the Mumbai-based road operator, will list the hybrids known as infrastructure investment trusts on May 8. The IRB InvIT Fund’s initial public offering was fully subscribed on Friday, the last day of ...

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