Global benchmark Brent crude settles at $102.77 a barrel, losing $10.73, or 9.5%. West Texas Intermediate (WTI) crude ends 8.2%, or $8.93, lower at $99.50 a barrel. Fears of potential lockdowns in China that could deepen cuts to oil consumption. Oil fates sank alongside gaseous petrol, fuel and values, which frequently act as request marker … Read more
Indonesia used to be considered one of the “Fragile Five” emerging economies. The central bank is among the world’s least hawkish, having given no hint of when it might lift rates. Inflation has only just nudged above 2% and the rupiah is one of emerging Asia’s best-performing currencies. Indonesia’s resource-rich economy has helped the government … Read more
Retail sales rose 3.6% in May from a year earlier, government data showed on Wednesday. It followed an upwardly revised 3.1% increase in April. Marked the third month of advancement since March. Rising inflation poses a risk to household spending for the rest of 2022. Japanese retail deals rose for a third month in May, … Read more
