Nationalism has been a feature of political discourse in Indonesia since the republic’s inception after World War II. It’s taken on more of an edge since the Asian Financial Crisis and return to democracy. Now, in every election, candidates compete to trumpet their economic patriotism. In the current campaign, challenger Prabowo Subianto has gone further and accused elites of selling ...

It looks like Jet Airways Ltd.’s luck has finally run out. India’s oldest privately owned airline is on the verge of shutting down all its flights — it already has perhaps fewer than 10 aircraft active — because it simply doesn’t have enough working capital. It’s more than a billion dollars in debt and has lost money for the last ...

Citigroup Inc. executives appear optimistic about the momentum they see across the firm’s businesses, from branded credit cards to M&A and treasury services. Whether the modest revenue expansion they expect for this year will enable the US bank to get closer to its financial targets is another question. The bank’s new CFO, Mark Mason, presented his first set of earnings ...