Indonesia s currency is tumbling and foreign money in its bond markets is heading for the exits, stoking fears that Southeast Asia s largest economy is finally starting to crack after months of remarkable resilience against global headwinds. - VnExpress International
By Rae Wee and Summer Zhen SINGAPORE (Reuters) - Indonesia's currency is tumbling and foreign money in its bond markets is heading for the exits, stok.
Asian stocks just cannot catch a break. Fresh from being whipsawed by rising geopolitical tensions over Taiwan, they now face what is forecast to be the worst earnings season since the start of the COVID-19 pandemic.
Earnings per share for MSCI Asia Pacific Index members slid 16 percent in the three months through June from a year earlier, the steepest decline in eight quarters, analyst estimates compiled by Bloomberg Intelligence showed.
That contrasts with a 9 percent gain for companies in the S&P 500 Index even as the US economy edged toward a recession.
The prospect of dwindling profits adds to the
The Digital Fifth has curated a list of India’s Top 30 Open Banking Influencers from across the Open Banking and BFSI sector to call out a few of these individuals and give them the honor they deserve.