Bloomberg Russia vowed to go ahead with the annexation of the parts of Ukraine that its troops currently control after UN-condemned votes, putting the Kremlin on a fresh collision course with the US and its allies. Russia will sign treaties to absorb the four regions in eastern and southern Ukraine at a Kremlin ceremony at 3pm Friday, President Vladimir Putin’s ...

Bloomberg India’s central bank is expected to increase its policy rate by half a point for the third time in a row as the currency’s plunge to a record low this month complicates the battle against inflation. The Reserve Bank of India’s (RBI) six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%, according to ...

Bloomberg Bank Indonesia seeks to reduce the country’s reliance on the US dollar, with plans to allow domestic transactions of non-deliverable forwards in other currencies and to strike more agreements on local currency settlement. The central bank could offer non-US dollar-denominated domestic NDFs next year, Edi Susianto, executive director for monetary management, said in interview on Thursday. The monetary authority ...