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Bank Indonesia leaves key rate unchanged

Bloomberg Indonesia’s central bank left its benchmark interest rate unchanged, dropping some of its more hawkish comments of the past as the Federal Reserve’s policy pause helped to ease pressure on emerging markets. The seven-day reverse repurchase rate was left at 6 percent for a third month, as predicted by all 33 economists surveyed by Bloomberg. Bank Indonesia hiked six ...

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Crypto firms complain they’re being shunned by banks

Bloomberg The gatekeepers of mainstream commerce are keeping their doors shut to cryptocurrency companies. Entrepreneurs in the digital-assets industry from New York to Hong Kong say that even as some attract investment from multibillion-dollar institutions like Singapore’s sovereign wealth fund, they are routinely refused basic banking services by the likes of HSBC Holdings Plc and JPMorgan Chase & Co. While ...

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Boeing breaks sales lull as IAG selects 777X as jumbo jet’s heir

Bloomberg Boeing Co. ended a two-year sales drought for its 777X aircraft, as the owner of British Airways struck a deal for as many as 42 of the planes to replace an aging fleet of 747 jumbo jets. IAG SA will order 18 of the 777-9, the largest version of the wide-body jet, the planemaker said in a statement. British ...

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