Category: Business

Bank Indonesia’s vow to prioritize currency stability as it tries to boost growth may cushion the rupiah at a time when investors are avoiding the nation’s assets, analysts said. Source: Bloomberg Markets.

OPEC+ will stick with plans to pause production increases during the first quarter, amid growing signs of a surplus in global oil markets. Source: Bloomberg Markets.

Italy’s Borromeo family is listing its real estate holdings including a group of islands on Lake Maggiore as it seeks to turn the area into a tourism and business hub to rival nearby Lake Como. Source: Bloomberg Markets.

In the ranks of the world’s 20 best-performing stock markets this year, every second index is European. Source: Bloomberg Markets.

China’s factory activity improved but remained in contraction in November, extending its streak of declines to a record as the country’s economic slowdown deepens. Source: Bloomberg Markets.

Italy’s Finance Ministry said it acted in compliance with rules and procedures in Banca Monte dei Paschi di Siena SpA’s purchase of rival Mediobanca, as the deal faces a probe by prosecutors. Source: Bloomberg Markets.

The Caspian Pipeline Consortium, which handles most of Kazakhstan’s crude exports through Russia to the Black Sea, halted loading after one of its three moorings was damaged amid overnight Ukrainian attacks in the region. Source: Bloomberg Markets.

The Chinese government will inspect fire risks in high-rise buildings after the deadly blaze in Hong Kong earlier this week, according to a statement posted Saturday on the Ministry of Emergency Management’s website. Source: Bloomberg Markets.

Regulators in Puerto Rico tentatively approved a contentious deal with billionaire Wes Edens’ New Fortress Energy Inc. to supply liquefied natural gas to the US territory. Source: Bloomberg Markets.

Nigerian central bank Governor Olayemi Cardoso hinted that policymakers could resume interest-rate cuts next year, provided inflation continues to cool as expected. Source: Bloomberg Markets.