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Indonesia has spent decades establishing itself as one of the world’s most important emerging markets. Now the country — Southeast Asia’s largest economy, with a gross domestic product of about $1.5 trillion — risks losing that standing, potentially jeopardizing billions of dollars in foreign investment.
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The increasingly large role of China’s bond market as a source of credit for the nation’s borrowers has offered the central bank an important channel for broad reductions in borrowing costs.
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Lululemon Athletica Inc. apologized after a yoga event staged on the Great Wall featuring a Japanese taiko drum sparked social media backlash in China, highlighting the reputational risks facing the company in its fastest-growing major market.
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The Federal Reserve may need to raise interest rates as soon as September if inflation remains elevated, according to Rob Kaplan, vice chairman at Goldman Sachs Group Inc. and former Dallas Fed president.
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Robert Kaplan, a former Dallas Fed president and current vice chairman of Goldman Sachs, says the Fed will be under pressure to deliver price stability if inflation prints don't cool over the summer. He speaks on "Bloomberg: The China Show." (Source: Bloomberg)
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A liquefied natural gas tanker that loaded in Qatar is nearing the Strait of Hormuz, a hint that traffic may increase after an interim US-Iran peace deal went into effect.