Bloomberg Indonesia’s central bank left its benchmark interest rate at a record low to protect the currency, and said it had formulated a plan to deal with eventual US policy tightening. Bank Indonesia kept the seven-day reverse repurchase rate at 3.5%, as expected by all 28 analysts in a Bloomberg survey. Interest rates have been on hold since February’s 25-basis ...

Bloomberg The Chinese central bank’s branch in Shenzhen ordered almost a dozen companies operating in the technology hub to rectify illegal activities related to cryptocurrencies, signalling an intensifying crackdown on digital assets. The People’s Bank of China’s (PBOC) Shenzhen branch started a “rectification project” targeting illegal trading of virtual currencies and “cleaned up” 11 firms allegedly involved in illegal activities ...

Bloomberg Ford Motor Co.’s Lincoln luxury division is updating the cash-cow Navigator SUV with hands-free driving technology and refreshing the styling. But the automaker isn’t adding a feature it has been touting lately —electric power. With new competition coming from the updated Jeep Grand Wagoneer, Lincoln is giving its flagship vehicle a reboot, adding creature comforts like second-row seats that ...