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South Korea says missile shield ‘not negotiable’ with China

Bloomberg South Korea said the possible operation of a controversial American-made missile shield was “not negotiable,” pushing back at China’s efforts to hold President Yoon Suk Yeol to his predecessor’s pledge to freeze its deployment. Decisions on the deployment of Lockheed Martin Corp.’s Terminal High-Altitude Area Defense system was a matter of South Korea’s self-defense, a senior presidential official told ...

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India’s central bank tightens rules on digital lending after complaints

Bloomberg India’s central bank released guidelines for digital lending, targeted at bringing transparency and data protection to the business after complaints started mounting over unfair recovery practices, with many players capitalizing on borrowers’ lack of financial literacy. The Reserve Bank of India (RBI released the guidelines on Wednesday, which direct operators to display all inclusive costs of the digital loan ...

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Indonesia’s rupiah seen rising to one-year high as funds return

Bloomberg Indonesia’s rupiah will advance to strongest level in almost a year as the country’s trade surplus and attractive yields lure overseas investors to local stocks and bonds, according to TD Securities. The currency will appreciate to 14,057 per dollar in the next three months, matching the high set in October 2021, said Mitul Kotecha, head of emerging-market strategy at ...

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