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Indonesia is forgoing billions of dollars in investment: US

Bloomberg Indonesia is foregoing billions of dollars on offer from American companies eager to invest in Southeast Asia’s biggest economy, US Ambassador to Indonesia Joseph Donovan said. As the US tries to arrest a deteriorating trade balance with Indonesia, which in 2017 found itself in President Donald Trump’s cross-hairs, Donovan has also rejected complaints of increasing American protectionism. Indonesia had ...

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UK to EU: No Brexit bill without good trade deal

Bloomberg The UK has warned that its promise to pay the Brexit bill depends on getting good trade terms from the European Union, as Theresa May’s team draws up plans to hold back money if the bloc backslides on a deal. Senior British officials have privately discussed the idea of halting payments to Brussels as a fall-back option that could ...

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UK factories rein in price expectations as pound gains

Bloomberg UK manufacturers scaled back their expectations of output prices in February as the pound gained. Expected prices, production and export orders are still well above long-term averages, though have slipped from the highs seen at the end of 2017, the Confederation of British Industry reported on Tuesday. The measure of average prices seen in the next three months fell ...

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