Indonesia Raises Key Rate to Lift Rupiah From Pandemic-era Lows
Bank Indonesia raised its benchmark interest rate to a record high, as it moved to support the rupiah that’s hit pandemic-era lows amid evolving external risks.
Bank Indonesia raised its benchmark interest rate to a record high, as it moved to support the rupiah that’s hit pandemic-era lows amid evolving external risks.
The rally in European stocks faltered on Wednesday as disappointing earnings in the banking and luxury sectors offset further gains for technology stocks.
Iron ore climbed to the highest level in seven weeks as Fortescue Ltd., the fourth-biggest producer, said full-year shipments are likely to be at the lower end of guidance after disruptions hit supplies at mines in Western Australia.
CVC Capital Partners is exploring options for its controlling stake in Italian drugmaker Recordati SpA, according to people familiar with the matter.
Allfunds Group Plc has abandoned discussions over a potential sale of the European fund distribution platform, people with knowledge of the matter said.
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