Bloomberg Indonesia’s central bank surprised most economists by lowering interest rates, reflecting its relative comfort with the currency and inflation outlook. The benchmark rate was cut by a quarter point to 4.5 percent, with all but six of the 28 economists surveyed by Bloomberg predicting it would stay on hold. Bank Indonesia reduced borrowing costs six times last year, making …

Bloomberg Bank of America Corp.’s investment bank executives are divided over where their European Union trading hub should be after Brexit, according to people with knowledge of the matter. Equities head Fabrizio Gallo has pushed for Frankfurt as the base for traders working with EU clients, while his fixed-income colleagues Sanaz Zaimi and Bernard Mensah have favoured Paris, the people …

ABU DHABI / WAM The Emirate of Abu Dhabi’s non-oil trade with four GCC states hit AED11.33 billion ($3bn) during the first five months of the year, with the Kingdom of Saudi Arabia coming on top of the emirate’s Gulf trade partners. According to the Statistics Centre- Abu Dhabi, the four countries, which include Kingdom of Saudi Arabia, Kingdom of …