Bloomberg The Federal Reserve’s uni-que structure helps preserve monetary policy independence, according to a new academic study that comes at a time of heightened tensions between the White House and the central bank. Cleveland Fed economist Edward Prescott and Rutgers University economics professor Michael Bordo argue the Fed’s deliberately decentralised design — with 12 regional banks around the country augmenting ...

Bloomberg When Nicko Widjaja was hired to run the venture capital arm of Indonesia’s biggest telecommunication services provider in 2015, corporate venture capital investing had a reputation for being slow, bureaucratic and generating lackluster returns. But in four years, he has made it work. The first venture fund of state-owned PT Telekomunikasi Indonesia, called MDI Ventures, has returned 40 percent ...

Bloomberg While corporate America’s profit engine is about to cool, Goldman Sachs Group Inc. says a Federal Reserve interest-rate cut will continue to boost stock prices this year. The bank cut 2019 earnings estimates for the S&P 500 Index to $167 a share from $173, citing an economic slowdown, lower oil prices and weak margins, according to a note from ...