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Indonesia adds a pinch of chili against the US dollar with rate hike

Indonesia has bolstered its credentials as an emerging market leader – at some potential cost. The country took a surprising step to shore up its faltering currency by raising interest rates, and foreshadowed the tough choices confronting Asian economies in coming weeks. ....

SMCB gets green light to buy VPB shares

The State Bank of Vietnam (SBV) ratifies Japanese multinational banking financial services institution Sumitomo Mitsui Banking Corp (SMCB) to buy newly issued shares of VPBank (VPB). ....

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