By Rae Wee SINGAPORE (Reuters) – Indonesia’s first interest rate hike in four years made its central bank one of the last to abandon pandemic-era monetary settings, but it’s also given investors cause to stay bullish on one of the world’s more resilient emerging markets. Bank Indonesia raised its benchmark rate on Tuesday as it…
By Nivedita Bhattacharjee BENGALURU (Reuters) -India’s NDTV Ltd saw its shares jump 5% on Wednesday to a 14-year high after billionaire Gautam Adani’s conglomerate surprised the media group by saying it would buy a near-30% stake that could eventually lead to majority ownership. NDTV, which has a market valuation of about $300 million, watched as…
TOKYO (AP) — Asian shares were mostly higher Thursday as Wall Street and global markets wait for a highly anticipated speech from the U.S. Federal Reserve chair about interest rates at the end of the week. Benchmarks rose in Japan, Australia and South Korea. Trading was delayed in Hong Kong for a storm, while Shanghai…
By William Schomberg and Balazs Koranyi LONDON/FRANKFURT (Reuters) – This time last year, the world’s biggest central banks were united in getting the inflation story wrong. Now, as top policymakers gather for the Kansas City Federal Reserve’s annual monetary policy conference in Jackson Hole, Wyoming, the U.S. central bank looks like it might manage a…
