Bank Indonesia seeks rate cuts while balancing stability, growth

Bank Indonesia seeks rate cuts while balancing stability, growth

Tariff worries have made the rupiah South-east Asia’s worst-performing currency this year [JAKARTA] Bank Indonesia (BI) will strike a balance between encouraging currency stability and supporting economic growth, even as it looks for room to lower interest rates further next year, governor Perry Warjiyo said. “In 2026, amid persistently high global uncertainty, monetary policy will…

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CME trading halted due to cooling issue at data centres

CME trading halted due to cooling issue at data centres

[SINGAPORE] Exchange operator CME Group said on Friday trading in derivative markets was halted due to a cooling issue at data centres. “Support is working to resolve the issue in the near term and will advise clients of Pre-Open details as soon as they are available,” CME said in a statement. Futures trading for the…

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China’s low-cost auto parts flood Europe’s biggest car market

China’s low-cost auto parts flood Europe’s biggest car market

Seven in 10 European parts makers now face direct competition from Chinese imports: survey [FRANKFURT] Chinese automotive suppliers are inundating Germany with low-cost components, piling pressure on local manufacturers that are already grappling with muted demand and elevated costs, said labour officials. The influx of electrical systems and forged metal parts is hitting companies including…

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