Indonesia was never keen to be part of China’s Belt and Road Initiative. That hasn’t stopped it from embracing the Chinese way when it comes to financing roads and railways. The government of President Joko Widodo plans to spend more than $400 billion building airports, power plants and other infrastructure in the next five years, Planning Minister Bambang Brodjonegoro told ...

Bloomberg Stocks extended their global retreat on Wednesday as investors fled to bonds, driving yields down to multi-year lows in a fresh wave of risk aversion. Gold advanced. US futures slumped for the S&P 500 and Nasdaq 100 indexes, signalling an opening drop in New York. Declines in miners and tech companies pulled the Stoxx Europe 600 Index lower, after ...

Bloomberg South Korea’s $1.3 trillion stock market became the latest victim of the US-China trade war, with its benchmark index losing all of this year’s advance on Wednesday. The Kospi index fell 1.3 percent to 2,023.32 at the close in Seoul, its lowest since January 4. Foreign investors sold a net 360 billion won ($301 million) of Kospi shares in ...