Indonesia is facing an uphill battle to keep its budget deficit within the legal limit of 3% of gross domestic product as Middle East tensions push oil prices far beyond initial assumptions.
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Indonesia is facing an uphill battle to keep its budget deficit within the legal limit of 3% of gross domestic product as Middle East tensions push oil prices far beyond initial assumptions.
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US retail investors are taking a step back from their typically strong support for stocks, as the escalation in the Middle East and inflation concerns weigh on the group’s risk appetite.
Brent crude traded near $100 a barrel following one of the most volatile weeks ever for the oil market, with investors bracing for more upheaval as Iran pledged to keep the vital Strait of Hormuz effectively shut.
The head of an advocacy group said 21 people were facing charges under the UAE's cybercrime laws as of Thursday, including a 60-year-old British tourist.
Gold slipped on Friday, on pace for a second weekly decline as the war in the Middle East kept oil prices around $100 a barrel, underpinning global inflationary pressures.
UBS Asset Management is betting the market has gotten too far ahead of itself positioning for interest-rate hikes by the Bank of England and the European Central Bank.
India is set to scrap the bids it received for a majority stake in IDBI Bank Ltd. as the amounts were below the minimum price sought, according to people with knowledge of the matter.