JAKARTA -- Indonesia's central bank decided to raise its key rate for the first time in more than two years at its two-day monthly policy meeting that concluded on Wednesday, prioritizing rupiah stabilization and foreign portfolio inflows.
Indonesia takes control of 'strategic' commodity exports with new body
JAKARTA -- Indonesian President Prabowo Subianto on Wednesday announced the formation of a state-owned enterprise that will take over control of exports of key commodities, sparking an outcry in affected industries.
Xi and Putin back shared 'multipolar' vision in Beijing after Trump visit
TOKYO -- Chinese President Xi Jinping and Russian President Vladimir Putin deepened their partnership on Wednesday with a slew of pacts and a joint declaration calling for "a multipolar world and a new type of international relations."
Bank Indonesia raises policy rate by 0.5%, exceeding market expectations
JAKARTA -- Indonesia's central bank decided to raise its key rate for the first time in more than two years at its two-day monthly policy meeting that concluded on Wednesday, prioritizing rupiah stabilization and foreign portfolio inflows.
China's investment in Europe hits 7-year high, still far from peak
HONG KONG -- China's investment in Europe has reached its highest level since 2018 and surpassed other high-income economies for the first time, a new report shows, although exports remain Chinese companies' preferred means of doing business.
Bank Indonesia raises policy rate for first time in 25 months
JAKARTA -- Indonesia's central bank decided to raise its key rate for the first time in more than two years at its two-day monthly policy meeting that concluded on Wednesday, prioritizing rupiah stabilization and foreign portfolio inflows.
Lai says Taiwan won't 'relinquish freedom,' vows new drone budgets
TAIPEI -- Taiwan's future will only be decided by its people, not foreign powers, President Lai Ching-te said Wednesday in a speech marking the midpoint of his four-year term.
Indonesia takes control of 'strategic' exports with new body
JAKARTA -- Indonesian President Prabowo Subianto on Wednesday announced the formation of a state-owned enterprise that will take over control of exports of key commodities, sparking an outcry in the affected industries.
Starbucks Korea faces boycott after 'Tank Day' mug promotion backfires
ANDONG, South Korea -- Starbucks is facing the prospect of a consumer boycott in South Korea, one of the chain's largest markets, after a themed promotion backfired badly this week.
Hosting Putin after Trump, Xi calls for more 'reasonable global governance'
TOKYO -- Chinese President Xi Jinping on Wednesday welcomed Russian President Vladimir Putin with a lavish ceremony in Beijing, providing similar pomp to the greeting Beijing gave U.S. President Donald Trump less than a week ago.