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Indonesia keeps key interest rate unchanged as global risks mount

Bloomberg Indonesia’s central bank left its benchmark interest rate unchanged as the currency comes under renewed pressure from an escalation in trade tensions between the US and China. The seven-day reverse repurchase rate was left at 6%, as predicted by all but one of 30 economists surveyed by Bloomberg. Governor Perry Warjiyo and his board raised the rate by a ...

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Chinese airlines mull teaming up for 737 Max compensation

Bloomberg China’s biggest airlines are considering banding together to seek compensation from Boeing Co for the disruption caused by the grounding of the US aircraft manufacturer’s 737 Max, people with knowledge of the matter said. Air China Ltd, China Southern Airlines Co and China Eastern Airlines Corp are exploring their legal options on how to coordinate their claims, according to ...

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Amazon leads a $575mn funding round in Deliveroo

Bloomberg Amazon.com Inc is leading a $575 million investment in Deliveroo, buying a slice of the fast-growing startup to propel its drive into the European food and groceries business. The US online retail giant will be joined in the Series G funding round by existing backers T Rowe Price, Fidelity Management and Research Co and Greenoaks, Deliveroo said in an ...

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