Bank Indonesia to hold rates on April 23 as FX concerns outweigh growth risks

By Rahul Trivedi BENGALURU (Reuters) -Bank Indonesia will hold interest rates steady on Wednesday to support the under-pressure rupiah, despite growing concerns of slowing economic growth driven by U.S.-led trade policies, a Reuters poll of economists found. With the rupiah down more than 4% this year, and hovering near a record low, the central bank …

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Dollar wallows near 3-year low as Trump’s attacks on Fed chief unnerve traders

By Kevin Buckland TOKYO (Reuters) -The dollar languished near its lowest level in three years on Tuesday as President Donald Trump’s unrelenting attacks on the Federal Reserve chairman further eroded investor confidence in the U.S. economy. The U.S. currency sagged close to the decade-low reached the previous day against the Swiss franc, and hovered near …

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Pope Francis, first Latin American pontiff, dies after stroke and cardiac arrest

By Joshua McElwee and Crispian Balmer VATICAN CITY (Reuters) -Pope Francis, the first Latin American leader of the Roman Catholic Church, died on Monday after suffering a stroke and cardiac arrest, the Vatican said, ending an often turbulent reign in which he sought to overhaul an ancient and divided institution. He was 88, and had …

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Australian PM attends mass for Pope, services are planned across region

By Alasdair Pal and Lucy Craymer SYDNEY (Reuters) – Australia’s Prime Minister Anthony Albanese cancelled some of his election campaigning events on Tuesday to mark the death of Pope Francis, while people across the Pacific region mourned his passing. Albanese, educated in Catholic schools, attended a mass at St Patrick’s Cathedral in Melbourne. “The holy …

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South Korea’s economic growth likely stalled again in Q1

By Pranoy Krishna BENGALURU (Reuters) -South Korea’s economy barely grew last quarter as persistent global trade risks and weak domestic demand continued to sap momentum, a Reuters poll of economists found. Grappling with its worst political crisis in decades, marked by the impeachment of the president, consumer sentiment took a hit in Asia’s fourth-largest economy …

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