Trade friction and a stronger dollar have dented asset prices in Indonesia and its neighbours. But election distractions are over and central banks have scope to help growth, ClaraMarquesRTR analysed:
Ratings agency Standard & Poor’s raised Indonesia’s sovereign credit rating on May 31 to ‘BBB’, citing the country’s strong economic growth prospects and supportive policy dynamics. It had previously rated the country ‘BBB-‘, the lowest investment-grade ranking.
Indonesia’s central bank said it was “in the market” to stabilise the rupiah on May 22, as the currency fell to its weakest since late 2018. It has since recovered to trade at around 14,300 to the dollar. Risk aversion has pushed down other emerging market currencies, including the South Korean won. A top U.S. business lobby in China said on May 22 that nearly half of its member firms in China were experiencing non-tariff barrier retaliation as a result of the trade war between China and the United States. Almost 41% of respondents were considering or had relocated manufacturing facilities outside China.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ball in U.S. court to start trade talks: EU trade chiefEU-U.S. talks that could prevent the United States imposing punitive car tariffs...
Read more »
Asia markets decline as trade fears heat upStocks in Asia declined in Monday morning trade amid increasing global trade concerns.
Read more »
European trade policy seen going greener after EU parliament voteThe rise of the Greens, the 'Greta effect' of a young Swedish climate ...
Read more »
Trade Tension Deals Tractor Makers a Fresh BlowU.S. farm-equipment makers already contending with a five-year downturn in the agricultural economy face new threats from the U.S. trade spat with China and higher costs for steel and components used to build their machines because of tariffs.
Read more »
Canada takes first step toward ratifying new North American trade dealU.S. Vice President Mike Pence is going to meet Canadian Prime Minister Justin Trudeau in Ottawa on May 30 to discuss 'advancing' ratification.
Read more »
Trump concludes Tokyo visit as Japanese trade official plays down August deal chancesU.S. President Donald Trump concluded his four-day visit to Tokyo on Tuesday amid confusion about whether a trade deal with Japan could come in August.
Read more »
Oil mixed as OPEC cuts, U.S. sanctions prop up prices while trade war weighsOil prices were mixed on Tuesday as supply cuts, led by producer club OPEC, and ...
Read more »
Explainer: Will China dump U.S. bonds as a trade weapon? Not so fastThe trade war between Beijing and Washington has stoked concern in financial mar...
Read more »
UK's Fox says would be surprised if EU refuses to renegotiate Brexit termsBritish trade minister Liam Fox said on Tuesday he would be surprised if the Eur...
Read more »
Wall St. loses early gains as trade concerns aboundU.S. stocks closed lower on Tuesday, with initial gains giving way to declines a...
Read more »
Jamie Dimon warns US-China trade fight becoming a 'real issue' that could deter investment“Trade has gone from being a skirmish to being far more important than that,” Dimon said. “If this goes south in a bad way, and you have other surprises, that could be part of the thing that changes confidence, changes peoples’ willingness to invest.”
Read more »