Markets

Bank Indonesia decision guide: On hold now, but 2018 is open

As central banks around the globe get ready to pull the trigger on interest rates, Southeast Asia’s biggest economy is in no rush to do the same.After reducing interest rates eight times since the beginning of last year, most recently in August and September, it’s unclear how Bank Indonesia will proceed next year: economists are split on whether policy makers will hike, keep rates unchanged or eas
14 December 2017
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Asia's top inflation-targeting bank may be preparing to hike

A small economy that’s constantly battling risks beyond its control like typhoons and oil prices has been one of the most successful in managing inflation in Asia.The Philippine central bank, which has an annual inflation target that’s currently set at two percent to four percent, met its goal six times in the past eight years and the two times it failed were because prices were too low.
13 December 2017
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Southeast Asia online economy seen reaching $50 billion in 2017

Southeast Asia’s internet economy, spanning online travel to ride-hailing, will reach $50 billion this year, putting it on a solid trajectory to grow fourfold by 2025, according to a joint research report by Google and Temasek Holdings Pte.As more consumers buy airline tickets and book hotels through smartphones, the region’s online travel market expanded from $19.1 billion in 2015 to $26.6 billio
12 December 2017
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Asian stocks fall ahead of Central Bank meetings

Most Asian equities fell as traders await US and European central bank meetings this week for further clues on the 2018 policy outlook. The dollar was steady and oil extended gains above $58 a barrel.The Nikkei 225 Stock Average retreated from a 26-year high, and Hong Kong and Chinese shares slipped, after US stock indexes hit fresh highs overnight.
12 December 2017
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Gadfly: Bitcoin options are what we need to tame this beast

The seminal financial event of this year, the current decade, and possibly our generation is here: Futures trading in bitcoin has begun.But the derivative that would really damp the current crypto frenzy and make digital tokens a speculator-friendly – if not investment-worthy – commodity, currency, tulip, or whatever, isn't futures.
12 December 2017
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Fitch upgrades Philippines in win for Duterte's economic plans

Fitch Ratings raised the Philippines sovereign rating in a boost for President Rodrigo Duterte’s economic plans, which include a tax reform that’s set to strengthen the fiscal outlook.The rating on the nation’s long-term foreign currency-denominated debt was raised one level to BBB with a stable outlook, Fitch said in a statement on Monday.
11 December 2017
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An expert's guide to navigating the world of Bitcoin

Elaine Ou, a blockchain engineer and Bloomberg View columnist, answered questions about cryptocurrencies from Bloomberg Terminal customers in a TOPLive chat on Tuesday with Julie Verhage, who covers markets for Bloomberg News. Since then, bitcoin has skyrocketed to new heights and Cboe Global Markets Inc. plans to launch bitcoin futures trading on Sunday.
11 December 2017
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Stocks seen climbing in Asia after US rally

Asian stocks were poised to rise following a broad-based rally in US equities and as a weaker yen looked set to buoy Japanese shares. The pound jumped on speculation that Ireland and Britain were close to a Brexit deal.Futures for stock markets in Tokyo, Sydney and Hong Kong climbed.
8 December 2017
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Bitcoin charges through $14,000 as investors pile in

Bitcoin hit a fresh record of $14,000 Thursday as investors piled in, triggering a warning the cryptocurrency was "like a charging train with no brakes" which would inevitably slip back.It touched a new a high of $14,400 in Asian trade before slipping back to $13,900, according to Bloomberg News.
7 December 2017
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Move over tech. Southeast Asian builders come in focus in 2018

With at least $323 billion in infrastructure spending in the pipeline in Southeast Asia and potentially more expected over the next few years, 2018 could well shape up as the year of builders’ stocks from Indonesia to the Philippines that have been the laggards in a broader market rally this year. Governments are boosting spending on everything from airports to high-speed rails and ports to incr
7 December 2017
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Indonesia's exchange woos millennials with shows, competitions

Indonesia’s stock exchange is having trouble luring retail investors. Their solution? Target the millennials.While the participation of individual investors in Indonesia is low compared with other Asian countries, those aged between 21 and 30 account for 26 percent, the biggest share of any age group, according to data from Indonesia Central Securities Deposit.
6 December 2017
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