Bloomberg Indonesia’s central bank left its benchmark interest rate unchanged for a second month, while keeping the door open for more policy action if needed. After hiking by 175 basis points since May, Bank Indonesia kept its seven-day reverse repurchase rate at 6 percent, as predicted by all 26 economists surveyed by Bloomberg. Governor Perry Warjiyo said the rate was ...

Bloomberg It’s shaping up to be a sad bonus season for Europe’s battered bankers. ING Groep NV said payouts will be “significantly smaller” after the largest Dutch lender paid record fines to end a money-laundering probe. Two of France’s top banks are also weighing lower rewards after their trading units were hit by a broader downturn. At Deutsche Bank AG, ...

Bloomberg A combination of the China trade war and government shutdown could be enough to tip the US economy into recession this year, according to Torsten Slok, Deutsche Bank’s chief international economist. The stark warning comes amid emerging signs that the world’s biggest economy is slowing down as gauges of manufacturing and consumer sentiment have fallen in recent weeks. Economists ...