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Bank Indonesia wants more lending from commercial banks, acting governor says

Bank Indonesia wants more lending from commercial banks, acting governor says

By Stefanno Sulaiman and Gayatri Suroyo JAKARTA, Aug 3 (Reuters) - A new policy announced recently by the Indonesian central bank is intended to discourage commercial banks from placing excess liquidity in Bank Indonesia's securities and coax them into increasing lending instead, BI's acting
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ASEAN Secretary-General and CT Group Chairman Discuss Regional Tech Initiatives

ASEAN Secretary-General and CT Group Chairman Discuss Regional Tech Initiatives

On July 15, 2026, a meeting took place between Dr. Kao Kim Hourn, Secretary-General of ASEAN, and Mr. Tran Kim Chung, Chairman of CT Group, at the ASEAN Secretariat Headquarters in Jakarta, Indonesia. The meeting focused on addressing regional challenges through high-tech solutions, such as corneal transplantation and rice gene modification to combat climate change effects. CT Group, a Vietnamese technology corporation, aims to contribute to ASEAN's development by leveraging strategic technologies. The discussions highlighted the potential for technology to address issues like climate change, low labor productivity, and regional disparities, positioning ASEAN as a new growth engine for the global economy.
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Analysis-Japan's fight with yen bears goes on after joint rescue

Analysis-Japan's fight with yen bears goes on after joint rescue

By Rae Wee and Ankur Banerjee SINGAPORE, Aug 3 (Reuters) - A rare joint U.S.-Japan intervention has raised the stakes on traders betting against the yen, but analysts are doubtful speculators will be kept at bay without tighter monetary policy.
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Indonesia completes ferry fire rescue operation, five dead, agency says

Indonesia completes ferry fire rescue operation, five dead, agency says

SURABAYA, Indonesia, Aug 4 (Reuters) - Indonesian rescuers have evacuated 233 of the 238 passengers and crew trapped on a ferry that caught fire off the country's Madura island on Sunday, the search and rescue agency said on Tuesday, with the total death toll at five.
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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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Yen climbs as traders watch for further intervention

Yen climbs as traders watch for further intervention

By Rae Wee SINGAPORE, Aug 3 (Reuters) - The yen leapt on Monday, keeping traders on alert for further intervention from authorities to shore up Japan's historically weak currency, days after Tokyo and Washington jointly intervened in the foreign exchange market.
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Oil slumps on hopes of Iran deal, yen spikes suddenly after intervention

Oil slumps on hopes of Iran deal, yen spikes suddenly after intervention

By Ankur Banerjee SINGAPORE, Aug 3 (Reuters) - Oil prices skidded and stocks wobbled on Monday as hopes of peace in the Middle East grew, while the yen jumped suddenly after the U.S. and Japan confirmed joint intervention to prop up the frail currency.
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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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Oil slides on Iran peace deal hopes and yen firms after intervention

Oil slides on Iran peace deal hopes and yen firms after intervention

By Nell Mackenzie and Ankur Banerjee LONDON/SINGAPORE, Aug 3 (Reuters) - Oil prices fell sharply while European stock markets jumped on Monday as hopes of a peace deal in the Middle East grew, while the yen firmed to a three-month high after the U.S. and Japan confirmed joint intervention to support
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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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Yen climbs for third straight session with traders on alert for intervention

Yen climbs for third straight session with traders on alert for intervention

By Stefano Rebaudo and Rae Wee Aug 3 (Reuters) - The yen rose for a third straight session on Monday, keeping traders on alert for further intervention after Tokyo and Washington stepped into the foreign exchange market last week to support Japan's currency.