Indonesian Rupiah to strengthen on tax amnesty inflows

Sep 28, 2016 11:51 am UTC| Insights & Views Central Banks Economy

The Indonesian Rupiah strengthened to a six-month high against the US dollar on the back of higher tax amnesty inflows. The government has been optimistic about tax amnesty inflows and has approved a total of 21 banks, 18...

Oil in Global Economy Series

Key takeaways from the oil meeting in Algiers

Sep 28, 2016 11:38 am UTC| Commentary Economy

Today is the final day of the International Energy Agencys (IEA) biennial summit in Algeria, where OPEC members are meeting outside their regular closed-door ones to discuss the future of the oil market. It is now clear...

Worrisome Signs Series

Worrisome Sings Series: Low rates erode banks’ profitability and rises pension deficit

Sep 28, 2016 11:01 am UTC| Commentary Economy Central Banks

The debate about the cost and benefits of low rates has started heating up. Central bankers like Mario Draghi, Janet Yellen speak in favor of low rates arguing that they have brought stability and without them, the world...

French consumer confidence remains unchanged in Sep, at par with expectations

Sep 28, 2016 10:33 am UTC| Commentary Economy

Consumer confidence in France remained stable during the month of September, remaining at par with what markets had initially anticipated. French consumer confidence index held steady at 97. The score remained below its...

Malaysia to grow by 4.4 pct in 2016, 4.5 pct in 2017, says World Bank

Sep 28, 2016 10:11 am UTC| Commentary Economy

The Malaysian economy is likely to grow by 4.4 percent in 2016, ticking higher in the year ahead, by 4.5 percent, reports from the World Bank prediction showed recently. The outlook reflects a gradual deceleration in...

FxWirePro: Buy Swiss franc with 2:7 risk reward ratio

Sep 28, 2016 09:51 am UTC| Commentary Economy Central Banks

We expect the Swiss franc to be an outperformer among the group of majors, even if the U.S. Federal Reserve moves with a hike in rates. Swiss franc, thanks to the intervention of the Swiss National Bank (SNB) remains quite...

S&P lends positive outlook to Indonesia, re-affirms Indonesia’s sovereign credit rating

Sep 28, 2016 09:31 am UTC| Commentary Economy

The Standard Poors, a credit-rating agency has affirmed the credit rating outlook for Indonesia at BB+, while lending a positive outlook to the country. However, the rating authority still left the economy one notch below...