Bloomberg After spending more than $6 billion to stem the exodus of foreign investors from Indonesian assets last month, Bank Indonesia has signaled it’s ready to splurge more to defend the nation’s battered currency and bonds. The central bank offered to buy sovereign bonds worth 2 trillion rupiah ($140 million) from the secondary market on Monday after the yield on ...

Bloomberg Australia’s central bank is all-but certain to cut interest rates on Tuesday, money markets show, after a key manufacturing gauge in top trading partner China slumped. Traders are pricing in a 25 basis-point cut by Reserve Bank Governor Philip Lowe and his board as a done deal and see a slight chance of a 50 basis-point reduction. At the ...

Bloomberg Barclays Plc’s board should remove its boss Jes Staley from the board of directors following the disclosure of his ties with deceased financier and offender Jeffrey Epstein, according to its top shareholder. Edward Bramson’s Sherborne Investors Management LP said in a letter on Monday it “strongly recommends” the board led by Chairman Nigel Higgins “rescind their unanimous recommendation to ...

Bloomberg The worst start to the year for Nordic electricity prices in more than a decade is delighting consumers, dividing central bankers and hurting utilities. Nordic futures have plunged by more than half this year, outpacing declines in everything from oil to US natural gas and agricultural commodities. The impact of that economic tailwind is likely to grow in the ...

Bloomberg Vietnam may scale back a plan to boost coal’s role in its power generation as financial restrictions and local environmental concerns make it more difficult to build plants. The National Steering Committee for Power Development has recommended eliminating about 15 gigawatts of planned new coal plants by 2025 due to slow progress and the unwillingness of some regions to ...

Bloomberg Sentiment in South Africa’s manufacturing industry fell to the lowest level in more than a decade in February as the prospect of continued power cuts and concern about the global economy weighed on confidence. That makes the recovery of an economy that the government estimates expanded at the slowest pace in 10 years in 2019 even more challenging. Absa ...

Bloomberg US regulators have told Boeing Co that pilots may require additional training to properly respond to emergencies on the 737 Max after airline crews failed to perform proper procedures in simulator tests. In a February 19 letter to Boeing reviewed by Bloomberg News, the Federal Aviation Administration (FAA) detailed multiple missteps that airline crews had made in the December ...

Bloomberg Hong Kong retail sales by value tumbled again in January, entering a 12-month losing streak after a Lunar New Year holiday interrupted by the coronavirus outbreak and amid months of anti-Beijing protests. Retail sales by value fell 21.4% in January from a year earlier, extending a run of declines that started in February, the longest downward trajectory in three ...

Bloomberg Mr DIY Group, Malaysia’s biggest home improvement retailer, is considering postponing its planned initial public offering after the country’s equities market tumbled on political uncertainty, according to people familiar with the matter. The company will finalise a decision on the share sale plan as soon as this week, said the people, who asked not to be identified as the ...

Bloomberg In the three years since becoming an agent for mobile e-commerce company Copia Global Inc, Samuel Kihara has boosted revenue at his general store fivefold, opened a second shop, bought land and a truck and moved his children to private school. “The commissions I earn as a Copia agent have been my working capital,” Kihara, 48, said as he ...