Indonesia says 2024 budget deficit lower than 2.7% of GDP estimate
JAKARTA (Reuters) -Indonesia’s budget deficit for the 2024 fiscal year came in below the government’s most recent estimate of 2.7% of gross domestic product, Finance Minister Sri Mulyani Indrawati said on Thursday. Without mentioning the exact figure, Sri Mulyani said…
Morning Bid: Markets usher in 2025 with Trump trepidation
A look at the day ahead in European and global markets from Rae Wee An air of caution lingered over markets on Thursday as Donald Trump’s impending return to the White House – and his plans for hefty import tariffs,…
Indonesia’s Dec inflation at 1.57% y/y, as expected
JAKARTA (Reuters) – Indonesia’s annual inflation rate in December was 1.57%, barely changed from 1.55% in the previous month, official data showed on Thursday, and close to economists’ estimate of a 1.60% rate in a Reuters poll. The annual core…
Ample supply, slow demand to temper oil price gains in 2025
By Anushree Mukherjee and Brijesh Patel (Reuters) -Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts to shore…
Malaysia grants WeChat, TikTok licences to operate under new law
KUALA LUMPUR – Malaysia’s communications regulator said it granted Tencent’s WeChat and ByteDance’s TikTok licences to operate in the country under a new social media law, but that some other platforms had not applied. The law, aimed at tackling rising…
SoFi Tech: KBW downgrades to Underperform on doubts over long-term outlook
Investing.com– Keefe, Bruyette & Woods (KBW) downgraded its rating on SoFi Technologies Inc. (NASDAQ:SOFI), stating that the fintech firm’s long-term earnings outlook appeared difficult and did not justify current valuations. KBW downgraded SoFi to Underperform from Market Perform, but slightly…