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China’s foreign-currency reserves drop to $3trn

Bloomberg China’s foreign-currency holdings fell in September, as heightened trade tensions with the US fueled concerns of capital outflow and further yuan depreciation. Reserves declined by $22.69 billion to $3.087 trillion in September, the People’s Bank of China (PBOC) said on Sunday. That compares with $3.110 trillion the previous month and the median estimate of $3.105 trillion in a Bloomberg ...

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Indonesia pledges more action as currency continues to slide

Bloomberg Indonesia stands ready to respond to global risks brought about by an intensifying trade war and rising US interest rates that have driven the nation’s currency to a two-decade low, officials said. The government will coordinate its policy response with the central bank and the financial services authority, Finance Minister Sri Mulyani Indrawati told reporters in Jakarta. Bank Indonesia ...

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Toyota recalls 2 million Prius citing crash risk

Bloomberg Toyota Motor Corp. is recalling more than 2 million of its iconic Prius hybrids globally on the risk that a software malfunction could end in a crash. Of a total of about 2.43 million vehicles affected, 94 percent are the Prius and its derivatives, with the hybrid version of the Auris compact hatchback making up the remainder, Toyota spokesman ...

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