Central Bank intervention needed to stop rupiah plunge
Indonesia’s rupiah plunged to a five-month low on Friday, prompting the nation’s central bank to say it stepped in to stabilize the local currency and bond markets.
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Indonesia’s rupiah plunged to a five-month low on Friday, prompting the nation’s central bank to say it stepped in to stabilize the local currency and bond markets.
One of South Korea’s biggest anti-government protests in decades has escalated pressure on President Park Geun-hye to resign over an influence-peddling scandal.
The consensus in the $5.1 trillion-a-day currency market couldn’t have been more wrong. The widely held view was that a victory by Donald J. Trump in the US presidential election would spur a dollar rout, as investors anticipated uncertainty and financial-market volatility that would cause the Federal Reserve (the Fed) to delay interest-rate increases. Yet, the real-estate magnate’s upset win triggered the opposite reaction—a bonanza for greenback bulls and one of the most stunning rallies since the financial crisis.
EVERY year in Geneva, a panel of 28 judges across the fields of watchmaking, jewelry, retail and journalism gather to determine which are the best timepieces that came out that year.
PRESIDENT Duterte declared on Friday he would continue to shift the Philippines toward China, despite Donald Trump’s victory in the US presidential election.
IT took more than two decades for nations around the world to forge an agreement to save the planet from global warming. Within one year, Donald Trump could leave it in tatters.
Just when China’s economy seemed to be stabilizing, Donald Trump’s election as US president poses significant new risks. Not just for Chinese growth, but the entire Asia region.
In a bold move against corruption and unaccounted wealth, Prime Minister Narendra Modi has acted to arrest the drift in his popularity and place constraints on election funding, which will benefit him in crucial state elections next year.
The yuan slipped to a six-year low as concern about China’s trade relationship with a more protectionist US provided a new reason to sell the currency that’s heading for a third annual loss.
Malaysian banks turning cautious on lending are adding to Prime Minister Najib Razak’s woes as economic growth falters.
Emerging-market stocks and currencies slumped amid a global selloff, after Donald Trump won the US presidency in a stunning upset.
The dollar plunged, as Republican Donald Trump pulled ahead in critical battleground states in the US presidential race, shocking foreign-exchange traders who had all but priced in a Clinton victory.
The government of Canada immigration and citizenship web site crashed on Tuesday night, presumably under the weight of anxious Americans worried about their status under a Trump presidency. A spokesman for that office did not immediately return a request for comment.
Indian jeweler Bachhraj Bamalwa’s phone hasn’t stopped ringing since Prime Minister Narendra Modi announced on national television that high-denomination bills will be withdrawn from Wednesday as the government cracks down on corruption.
In Southeast Asian nations facing the biggest political risks, at least one thing investors don’t need to worry about are central-bank surprises.
Japan’s nuclear regulator cleared another pair of reactors on the southernmost island of Kyushu for restart despite a growing chorus of opponents who object to any resumption of nuclear operations.
U.S. Treasuries led a global bond rally as Republican Donald Trump showed surprising strength in winning crucial swing states Florida, North Carolina and Ohio, signaling potential unpredictability in American policy and fueling bets the Federal Reserve (the Fed) will hold off on raising interest rates.
Credit risk surged in Asia as Republican Donald Trump won the US presidential election.
A Las Vegas judge refused to go along with Donald Trump’s move to slap a county registrar of voters with a court order to set aside ballots cast by people who spent Friday night at the polls as early voting in the state wound to a close.
The popularity of Malaysia’s ringgit and Indonesia’s rupiah among global investors has made them Southeast Asia’s most volatile currencies, just as the region heads for troubled waters.
Celebrities have flocked to start-up investing over the past few years like it was a new kind
of California gold rush. But after more than a few busts, Hollywood is undergoing a transformational change in how it approaches investments to ensure that the opportunities don’t dry up.
Preserve the US political establishment or blow it up? That’s the question facing 226 million Americans eligible to vote for president on Wednesday, with as many as 50 million having done so already. The winner inherits leadership of the world’s largest economy and a nation perhaps irreconcilably divided over immigration, trade and its role in the world.
Hong Kong was still digesting China’s ouster of two pro-independence lawmakers on Monday when the city’s leader raised the prospect of an even more controversial move: the revival of a long-dormant national security law.
China has green-lit a sweeping and controversial law that may grant Beijing unprecedented access to foreign companies’ technology and hamstring their operations in the world’s second-largest economy.
Oil rebounded amid a broader market rally ahead of the US election as Algeria remains confident Organization of Petroleum Exporting Countries (Opec) will set output quotas at its next meeting to manage production.
UNITED KINGDOM Prime Minister Theresa May clashed with her Indian counterpart Narendra Modi on Monday as a row over migration threatened to overshadow her attempt to set up a trade deal with India. Modi called on Britain to support more Indian students who want to enroll at universities in the UK, as he appeared alongside May at a technology summit in New Delhi.
Indonesia’s economy grew in line with economists’ forecasts in the third quarter, as President Joko Widodo seeks to spur the nation onto a higher growth path.
Companies are hiring, paychecks are growing and Americans are still feeling pretty lousy about the direction of the country, a dichotomy that’s revealed itself anew in the waning days of a contentious presidential campaign.
Hillary Clinton pleaded with supporters to cast their ballots before Tuesday’s election, while Donald Trump sought an upset victory fueled by an anti-Washington mood, as polls and early voting pointed slightly in the Democrat’s favor.
South Korean President Park Geun-hye’s former secretaries were arrested early on Sunday on charges of involvement in a political scandal that has led to calls that Park herself step down.
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