Bloomberg Indonesia’s economy expanded at its weakest pace in four years in 2019, opening the door for additional interest-rate cuts as the nation braces for the impact of a spiraling coronavirus crisis. Gross domestic product rose 5.02% last year, broadly in line with the 5.04% forecast in a Bloomberg survey of economists, according to data released Wednesday. Fourth-quarter growth of ...

An all-out push to revive its sputtering economy is not within India’s reach. Instead of spending meager local resources to rebuild faltering demand, New Delhi is betting that world growth this year will be down in the dumps — and that will make India appear attractive to foreigners even when it really isn’t. The budget unveiled by Prime Minister Narendra ...

What a difference a year makes. This time in 2019, all of the numbers at DWS Group GmbH were heading in the wrong direction. Four consecutive quarters of outflows in 2018 drove assets under management to their lowest in at least two years, revenue declined, and the firm’s cost to income ratio rose. The German fund manager was far from ...

For the first time in more than two decades as a publicly traded company, Goldman Sachs Group Inc. laid out a detailed strategic vision and financial ambitions to investors. Corporate slogans aside, the big reveal is that Goldman will be playing catch-up for some time. The Wall Street titan presented plans to add $5 billion of revenue and improve profitability ...

Just a few weeks ago, optimism was palpable in the heart of Shanghai’s financial district. UBS Group AG’s annual China conference enjoyed a record turnout and investors from abroad were enthusiastically buying mainland shares — so much so that some hit foreign-ownership limits. Now all anyone can think about is the number of coronavirus cases. The Shanghai Composite Index slid ...

Remember when we all believed in Emmanuel Macron? The question comes not from an angry trade unionist but a stand-up comedian in central Paris, facing a crowd of thirty-something urbanites cut from the same cloth as France’s 42-year-old president. A collective groan of “yes” rises from the audience, many of whom spent the winter struggling through transport strikes triggered by ...

China’s Luckin Coffee Inc. hasn’t been having much luck lately. The last thing a retail business in the middle of a breakneck expansion needs is a deadly virus that keeps consumers off the streets and away from malls. What could be more damaging? Perhaps an attack by short-sellers branding your business a fraud. Shares in Nasdaq-listed Luckin Coffee plummeted 11% ...

Europe’s banks have come a long way since the euro zone crisis. Lenders have halved their piles of non-performing loans from 1 trillion euros ($1.1 trillion) in 2014 to 543 billion euros in the third quarter of 2019. However, markets still doubt lenders’ real strength, as you can see from their depressed price-to-book ratios. The blame falls, in part, on ...

Bloomberg Stocks rallied globally and bonds slipped amid hopes for a breakthrough in fighting the coronavirus. Crude oil advanced with industrial metals. Futures on the three main American indexes all turned higher and the Stoxx Europe 600 Index rebounded after a string of reports on possible vaccines or treatments for the deadly pathogen. Contracts on the S&P 500 Index climbed ...

Bloomberg For Vietnamese stock investors, the return from the Lunar New Year break has been almost as bad as for their Chinese counterparts. Mounting concerns that trade disruptions caused by the coronavirus outbreak will have a deep impact on the Southeast Asian nation have pushed the benchmark VN Index down more than 6% since January 30. That’s the world’s worst ...