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Indonesia's growth likely slowed in Q2 as consumption, exports weakened

Indonesia's growth likely slowed in Q2 as consumption, exports weakened

By Rahul Trivedi BENGALURU, Aug 3 (Reuters) - Indonesia's economy likely lost some momentum in the second quarter as consumer demand slowed after the festive season and net exports provided less support, according to a Reuters poll of economists.
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India central bank to stay on hold even as peers pivot to rate hikes

India central bank to stay on hold even as peers pivot to rate hikes

By Jaspreet Kalra MUMBAI, Aug 3 (Reuters) - India's central bank is expected to keep interest rates unchanged this week, diverging from many of its global peers as inflation remains modest despite higher global oil prices while steps to support the rupee drive strong inflows.
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Indonesia's Fine-Dining Revolution: Elevating National Cuisine on the Global Stage

Indonesia's Fine-Dining Revolution: Elevating National Cuisine on the Global Stage

Indonesia is experiencing a culinary transformation as contemporary chefs elevate traditional Indonesian cuisine to fine-dining status. This movement is particularly evident in Jakarta, where restaurants like August are gaining international recognition for their innovative approaches to Indonesian flavors. August, opened in 2021, has been instrumental in this shift, offering a modern tasting menu that blends traditional Indonesian ingredients with refined culinary techniques. The restaurant has achieved international acclaim, placing 42nd on Asia's 50 Best Restaurants list in 2026. This trend is not limited to Jakarta; other regions, including Bali and Yogyakarta, are also seeing a rise in high-end dining establishments that focus on local ingredients and culinary heritage.
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Indonesia's Fine-Dining Revolution Elevates National Cuisine on Global Stage

Indonesia's Fine-Dining Revolution Elevates National Cuisine on Global Stage

Indonesia's Fine-Dining Revolution Elevates National Cuisine on Global Stage
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Exclusive-Fed's Williams expects inflation to ease, says Fed will act if it doesn't

Exclusive-Fed's Williams expects inflation to ease, says Fed will act if it doesn't

By Michael S.
Reuters Reuters
Morning Bid: Yen's to-do list gets harder from here

Morning Bid: Yen's to-do list gets harder from here

A look at the day ahead in European and global markets from Ankur Banerjee Aided by the U.S., Tokyo's coordinated effort to pull the Japanese yen away from 40-year lows was probably what was needed to turn the tide for the frail yen, but will require monetary policy follow-through to make the move
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Indonesia court bars use of education budget to fund free meals starting from 2028

Indonesia court bars use of education budget to fund free meals starting from 2028

By Stanley Widianto JAKARTA, July 30 (Reuters) - Indonesia's top constitutional court ruled on Thursday that the government cannot continue to finance its multibillion-dollar free meals programme with funds sourced from the education budget, delivering another blow to President Prabowo Subianto's
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A blaze on an Indonesian passenger ferry leaves at least 5 dead and dozens missing

A blaze on an Indonesian passenger ferry leaves at least 5 dead and dozens missing

An Indonesian ferry carrying 271 people has caught fire in waters off Madura island, killing at least five people and leaving 41 others unaccounted for, authorities said
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Two Fed dissenters say higher interest rates needed to combat inflation

Two Fed dissenters say higher interest rates needed to combat inflation

By Michael S. Derby and Dan Burns July 31 (Reuters) - Two of the three Federal Reserve officials who dissented at this week's policy meeting in favor of an interest rate hike said on Friday that action is needed now to bring inflation back down to the U.S. central bank's 2% target.
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Wars, cyberattacks could challenge euro zone banks' fx liquidity, ECB says

Wars, cyberattacks could challenge euro zone banks' fx liquidity, ECB says

By Balazs Koranyi FRANKFURT, July 31 (Reuters) - Wars, supply chain disruptions and cyberattacks are among the top risks facing euro zone banks and some could fall short of foreign currency liquidity requirements in case of acute stress, the European Central Bank said based on a stress test on
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Fed's Hammack says tighter monetary policy needed to cool inflation

Fed's Hammack says tighter monetary policy needed to cool inflation

By Michael S.
Reuters Reuters
Fed chief Warsh faces hard choice on inflation after bond market's 'red flag'

Fed chief Warsh faces hard choice on inflation after bond market's 'red flag'

By Ann Saphir July 31 (Reuters) - Federal Reserve Chairman Kevin Warsh's emphatic declarations on Wednesday that inflation would be brought down without signaling a readiness to raise interest rates triggered a sharp selloff in bonds that may force a hard choice: defying President Donald Trump's