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Indonesia’s economic growth disappoints as exports slump

Bloomberg Indonesia’s economic growth slowed in the first quarter amid a global slowdown that hurt the nation’s exports. Gross domestic product, the broadest measure of goods and services produced in the economy, rose 5.07 percent in the first quarter from a year ago, lower than the 5.2 percent median estimate in a Bloomberg survey of economists. Compared with the previous ...

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China’s DouYu delays IPO in US on trade jitters

Bloomberg DouYu International Holdings, a Chinese video-game live-streaming platform, is delaying the launch of its US initial public offering following market jitters over President Donald Trump’s threat to boost tariffs on China, people with knowledge of the matter said. The company, which initially planned to start its IPO roadshow on Monday US time, is considering postponing the launch by at ...

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India’s services PMI drops to 7-month low

Bloomberg Expansion in India’s dominant services sector weakened in April due to polls, a private survey showed, suggesting a delayed recovery to Asia’s third-largest economy. The Nikkei India services purchasing managers’ index fell to a seven-month low of 51 in April from 52 in the previous month on the back of slower increases in new business. The PMI survey showed ...

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