Bloomberg Indonesian Defense Minister Prabowo Subianto will run for the presidency in 2024, hoping the third time’s a charm as he tops popularity surveys on the back of his strongman image and support from the majority Muslim population. Prabowo, who leads Indonesia’s third largest party Gerindra, announced his intention in a briefing after a party meeting on Friday. The ...

  Bloomberg The People’s Bank of China (PBOC) said it will safeguard the economy against inflation threats, pledging to avoid massive stimulus and excessive money printing to spur growth. The central bank will both support economic growth and ensure stable prices, the PBOC said in its quarterly monetary policy report. At the same time, it will provide stronger and higher-quality ...

  Bloomberg India’s largest mortgage financier used an unusual trade to hedge some of its borrowings against interest rate volatility as it sought to expand its range of tools to manage risk. Housing Development Finance Corp, (HDFC) the nation’s biggest rupee-bond issuer this year, used a so-called total return swap to hedge rate risks on a debt issuance which closed ...