Has Indonesia shaken its ‘fragile’ status among emerging markets?

An employee counts Indonesian rupiah banknotes at a currency exchange office in Jakarta, Indonesia October 23, 2018. REUTERS/Beawiharta Register now for FREE unlimited access to Reuters.com Register JAKARTA, July 4 (Reuters) – A decade ago Indonesia earned the unwelcome label of being among the so-called “Fragile Five” emerging markets, highly vulnerable to capital outflows and … Read more

Analysis: China casts giant shadow over emerging nations’ chase for debt relief

A Chinese flag flutters outside the Chinese foreign ministry in Beijing, China February 24, 2022. REUTERS/Carlos Garcia Rawlins Register now for FREE unlimited access to Reuters.com Register Poorer nations pay $35 bln in debt service in 2022 – World Bank Opacity, plethora of Chinese lenders to slow debt overhauls G20 Common Framework has not yet … Read more

With no fuel and no cash, Sri Lanka keeps schools closed

COLOMBO, Sri Lanka (AP) — Cash-strapped Sri Lanka on Sunday extended school closures for one week because there isn’t enough fuel for teachers and parents to get children into classrooms, and the energy minister appealed to the country’s expatriates to send money home through banks to finance new oil purchases. A huge foreign debt has … Read more

An FCC regulator wants TikTok removed from app stores. Here’s how a company executive responded

New York CNN — While TikTok’s short-form videos are entertaining, that’s “just the sheep’s clothing,” a Federal Communications Commission official said, and the app should be removed from app stores because of security issues. But a TikTok executive, in a rare interview on CNN’s “Reliable Sources” on Sunday, claimed there are no security concerns linked … Read more

KDDI aims to restore service Sunday after 40 mln users affected

A man wearing a protective face mask, takes a photo with his mobile phone at noon, at Shibuya Crossing, during the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan, March 31, 2020. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register TOKYO, July 3 (Reuters) – Japanese mobile carrier KDDI Corp (9433.T) said it … Read more

Explainer: Germany’s plans to spread gas price risk

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Reuters.com Register FRANKFURT, July 1 (Reuters) – Germany has prepared a facility to impose a levy on all gas consumers to help suppliers grappling with … Read more

What Asia learned from the financial chaos of 1997

An aerial view of Bangkok’s central business district on June 2, 2022. (Photo: Bloomberg) Twenty-five years ago this month marked the beginning of an economic, political and financial market turmoil that would become known as the Asian Financial Crisis. Currencies and stock markets tumbled. Governments were overthrown. Poverty rates available. The crisis raised serious doubts … Read more

Exclusive: Germany plans levy on gas bills for all consumers

A general view of the WINGAS gas storage facility near the northern German town of Rehden January 7, 2009. REUTERS/Christian Charisius Register now for FREE unlimited access to Reuters.com Register Proposal could replace price adjustment clause Levy could finance 1 bln euros of gas importers’ needs per week Additional surcharge to make gas more expensive … Read more

Column: Global business cycle starts to turn down: Kemp

An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China May 9, 2022. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, June 30 (Reuters) – Global manufacturing activity and freight movements have begun to decelerate as the major shipping buckle under the combined … Read more

Germany in bailout talks with Uniper amid gas crisis

First German company to raise alarm over scarce gas, prices Gas stocks since lowest early 2017 Fortum says will help but crisis requires big efforts Works council wants German government to step in FRANKFURT/DUESSELDORF/BERLIN, June 30 (Reuters) – Germany’s Uniper (UN01.DE) is in talks about a possible government bailout as the financial fallout from dwindling … Read more