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Australia sees resources price rebound

Bloomberg Commodity demand will rebound and reverse a plunge in prices as Asia’s middle class swells and as India and China seek to raise energy imports, according to Australia’s resources minister. Gluts have been the major factor in the collapse in prices and they will ease with population growth and continued urbanization across the Asian region, Resources and Energy Minister ...

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Rupiah’s winning run in 6 yrs worries minister

Bloomberg Indonesia’s rupiah rose for a 13th day in its longest rally in six years even after a senior minister expressed concern at the pace of gains. The currency advanced 0.6 percent to 13,052 a dollar as of 10:39 a.m. in Jakarta, according to prices from local banks. It touched 12,978 earlier, the strongest since April 30, 2015. The rupiah’s ...

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Suzuki plans $1.8bn bond sale, cancels VW shares

Bloomberg Suzuki Motor Corp. plans to sell 200 billion yen ($1.8 billion) of convertible bonds and cancel most of the stock it bought back from Volkswagen AG last year, as the Japanese automaker expands in India following a failed alliance. Suzuki will sell the bonds primarily to fund the 185 billion rupee ($2.8 billion) factory it’s building in India’s western ...

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