JAKARTA (Reuters) - Indonesia's economy grew by 5.11% in the first quarter from a year earlier, the highest in three quarters and faster than expected, data from the statistics bureau showed on Monday.
Economists polled by Reuters had expected Indonesia to post annual growth of 5% in the January-March period. Annual growth in the fourth quarter was 5.04%.
On a quarterly, non-seasonally adjusted basis, gross domestic product (GDP) shrank... (continue reading...)
By Jennifer Rigby
LONDON (Reuters) - Three of the biggest global health funders have joined forces for the first time in a $300 million partnership aimed at tackling the linked impacts of climate change, malnutrition, and infectious diseases and antimicrobial resistance.
The Novo Nordisk Foundation, Wellcome and the Bill & Melinda Gates Foundation announced the research partnership, focused particularly on finding affordable solutions for... (continue reading...)
SYDNEY (Reuters) - The Organisation for Economic Co-operation and Development (OECD) said on Monday that New Zealand's monetary policy must remain restrictive until inflation is brought within the central bank's target range, and urged the government to curb spending.
"Monetary policy needs to remain data dependent: when inflation will reach the central bank's target range is uncertain and there is a risk of further negative global shocks," the OECD... (continue reading...)
FRANKFURT (Reuters) - The case for a European Central Bank interest rate cut in June is getting stronger as services inflation is finally starting to ease, ECB Chief Economist Philip Lane told Spanish newspaper El Confidencial on Monday.
The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target by the middle of next year.
"Both the April flash... (continue reading...)
SEOUL (Reuters) - South Korea's market watchdog said on Monday it had found breaches of short-selling rules by seven more banks in the domestic stock market as part of a full-scale investigation into trading practices at foreign investment banks.
Last November, South Korea introduced a ban on short selling of stocks in the domestic market, after it found illegal trading by two foreign firms in October, and launched a special investigation to look into... (continue reading...)
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