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Results for "Rupiah"

117 stories found

Indonesia's Rupiah Slide and Fiscal Concerns
Businesschannel-news-asia2mo ago

Indonesia's Rupiah Slide and Fiscal Concerns

Indonesia's emergency interest rate hike and efforts to support the rupiah have temporarily calmed markets, but economists warn that deeper fiscal concerns need to be addressed for full investor confidence to return.

Indonesian Rupiah Hits Record Low; President Downplays Impact
Financebloombergchannel-news-asiaJakarta Post3mo ago3 sources

Indonesian Rupiah Hits Record Low; President Downplays Impact

The Indonesian Rupiah has fallen to a new record low, prompting the president to downplay the day-to-day impact of the currency's weakness on households. The decline is partly attributed to oil prices as markets reopened.

Central Banks Eye Hawkish Shift as Middle East Conflict Fuels Inflation and Boosts Dollar
FinanceReutersBBCbloomberg+11wsjNHK Worldmarketwatchnikkei-asiaYahoohindustan-timesstraits-timesnaftemporiki+3 more5mo ago14 sources

Central Banks Eye Hawkish Shift as Middle East Conflict Fuels Inflation and Boosts Dollar

The Yen has weakened and Goldman Sachs delayed Fed rate cuts due to increased inflation risks from the Middle East conflict, prompting concerns among central banks about potential hawkish shifts in monetary policy. The conflict's impact on oil prices has also made dollar options the most bullish since 2022.

Businessabidjan-net2mo ago

Impact of Rupiah Weakening on Indonesian Banks

The weakening of the Indonesian Rupiah is raising questions about its potential impact on the country's banking sector. Analysts are assessing how this currency fluctuation might affect financial institutions.

Indonesian Rupiah Falls Amid Market Volatility
Businesschannel-news-asia2mo ago

Indonesian Rupiah Falls Amid Market Volatility

The Indonesian rupiah is experiencing a decline, prompting analysts to discuss the reasons behind its fall and whether market confidence is cracking, though they note it's not comparable to the 1998 Asian Financial Crisis.

Shooter Charged in Attempted Assassination of Trump
PoliticsAPReutersBBC+65NYTFTle-mondeThe GuardianAl Jazeerahelsingin-sanomattagesschaufaz+57 more3mo ago68 sources

Shooter Charged in Attempted Assassination of Trump

A shooter has been charged with attempted murder of President Trump following an incident at a Washington correspondents' dinner. Witnesses described panic after gunshots were fired during the event.

US Delegation Heads to Pakistan for Iran Talks Amid Hormuz Tensions
PoliticsAPReutersBBC+98NYTwsjFTle-mondewapoThe GuardianAl JazeeraCNN+90 more4mo ago101 sources

US Delegation Heads to Pakistan for Iran Talks Amid Hormuz Tensions

A US delegation is set to travel to Pakistan for a new round of negotiations with Iran, as Tehran maintains that a final deal is still distant and continues to assert its leverage over the Strait of Hormuz. Iran also claims to be replenishing missile launchers faster than before.

Indonesia Arrests Chief Ombudsman on Bribery Charges
Politicschannel-news-asia4mo ago

Indonesia Arrests Chief Ombudsman on Bribery Charges

Indonesia's chief ombudsman, Susanto, was arrested on bribery charges just six days into his term, allegedly having received 1.5 billion rupiah (US$87,309) from a nickel company while previously serving on the ombudsman board.

Trump Administration Reallocates Funds and Implements Policy Changes
BusinessBBCbloombergNYT+45FTwapoThe GuardianNPRFox Newsnrknzzcnbc+37 more2mo ago48 sources

Trump Administration Reallocates Funds and Implements Policy Changes

The Trump administration redirected millions from the Secret Service for White House construction and made various policy changes, including temporarily cutting student loan interest rates. The administration also bid farewell to an Air Force One aircraft and engaged in discussions regarding AI security rules.

Hong Kong, Indonesia Move Towards Direct Yuan-Rupiah Transactions
WorldSCMP2mo ago

Hong Kong, Indonesia Move Towards Direct Yuan-Rupiah Transactions

The People’s Bank of China, Hong Kong Monetary Authority, and Bank Indonesia have signed an agreement to create a framework for bilateral transactions between Indonesia and Hong Kong. This initiative aims to facilitate direct currency transactions in yuan and rupiah.

FinanceJakarta Post2mo ago

Weak Indonesian Rupiah Pressures Strategic Projects

The weakening Indonesian rupiah is reportedly putting significant financial pressure on strategic national projects, potentially leading to delays or increased costs for key infrastructure and development initiatives.

Global Markets React to Middle East Tensions; India's Fuel Prices Rise, Trump's Iran Stance Impacts Stocks
FinancebloombergNYTeconomist+17wsjFTFox Newsfaztvn24marketwatchdennik-nforbes+9 more4mo ago20 sources

Global Markets React to Middle East Tensions; India's Fuel Prices Rise, Trump's Iran Stance Impacts Stocks

Experts warn that potential disruptions in the Strait of Hormuz could significantly impact markets, leading to currency weakening and rising prices, while Saudi Arabia bypasses the strait with surging oil exports. Global energy market tensions, particularly concerning Hormuz, are highlighting vulnerabilities in India's LPG supply, leading Nayara Energy to hike petrol and diesel prices. Wall Street is experiencing volatility with rising stocks and easing oil prices due to the ongoing 'war with Iran', with investors snubbing Trump's Iran reprieve.

Seoul stocks open at record high above 5,700 amid uncertainties
FinanceReutersbloombergwsj+4cnbcNHK WorldKorea Heraldseeking-alpha5mo ago7 sources

Seoul stocks open at record high above 5,700 amid uncertainties

South Korean stocks opened higher Friday despite overnight losses on Wall Street caused by increased geopolitical risks and market uncertainties. The benchmark Korea Composite Stock Price Index added

Will Indonesia’s US$762 million Ramadan stimulus be a ‘positive’ boost for the economy?
BusinessSCMP6mo ago

Will Indonesia’s US$762 million Ramadan stimulus be a ‘positive’ boost for the economy?

Indonesia is trying to engineer a Ramadan spending boost, rolling out transport fare cuts and food handouts to shore up consumption during its busiest shopping season, but economists question how far the temporary support can go in lifting growth. The 12.83 trillion rupiah (US$762 million) stimulus package unveiled ahead of the Muslim fasting month, which culminates in Eid ul-Fitr, is meant to keep people travelling and shopping despite rising food prices and softer purchasing power. In a...