Prabowo’s Biggest Crackdown on Tycoons Shocked His Own Officials
In early May, President Prabowo Subianto summoned a handful of his most trusted advisers to his house in south Jakarta to discuss how to find more revenue as...
Bloomberg Markets Articles
Updated 13 min ago · 5 articles from Bloomberg Markets
Australia’s Surprising Jump in Unemployment Trims Rate-Hike Bets
Australia’s unemployment rate unexpectedly climbed in April, suggesting the labor market is beginning to cool in response to rising interest rates and an ene...
Luxury Resort Operator Says Travel Recovering After War Setback
Hawaii-based Outrigger Resorts & Hotels says demand for luxury beach holidays is recovering after early travel jitters linked to the Middle East conflict.
Gold Steadies as Hopes of US-Iran Truce Ease Rate-Hike Bets
Gold was little changed as optimism over efforts to end the Middle East conflict eased bets on interest-rate hikes.
Oil Edges Up After Plunging on Optimism Over US-Iran Agreement
Oil inched higher after plummeting on Wednesday, as President Donald Trump said the US is in the “final stages” with Iran.