Bloomberg US futures and stocks rise on Friday after Federal Reserve Chair Jerome Powell pushed back against speculation of steeper interest-rate hikes. Risk sentiment was boosted by a rebound in cryptocurrencies. Contracts on the S&P 500 gained 1% and those on the Nasdaq 100 climbed 1.6%. Twitter Inc shares plunged as much as 26% in New York premarket trading ...

  Bloomberg Indonesia’s stock benchmark avoided a correction after an intraday tumble of more than 10% from its high in April, dragged by technology shares. The Jakarta Composite Index of shares closed little changed on Friday, capping this week’s losses at 8.7%. That’s the worst week since March 2020, when the country shut its international borders to curb the pandemic. ...

  Abu Dhabi / Gulf Time Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in the region, reported consolidated financial results for the three months ended March 31. Taqa delivered strong performance underpinned by its stable regulated and contracted utilities businesses and boosted by higher commodity prices. The company reports group revenues of AED12.4 billion, ...