SINGAPORE, Feb 10 (Reuters) - Index provider FTSE Russell has postponed a scheduled review for Indonesia, due to uncertainty about how freely stocks trade, in a fresh blow for markets in Southeast Asia's biggest economy which are facing criticism over trading and transparency.
About $120 billion has been wiped from the benchmark Jakarta Composite after larger rival MSCI warned last month the country risked a downgrade to frontier status.
... (continue reading...)TOKYO, Feb 10 (Reuters) - Japanese Minister of Finance Satsuki Katayama on Tuesday said using surplus from $1.4 trillion foreign currency reserves could be considered when discussing funding sources for planned cuts in food sales tax.
Asked about tapping the surplus generated from foreign exchange reserves, Katayama said at a press conference that such surplus had been transferred to the general account in the past.
She declined to... (continue reading...)
By Blake Brittain
Feb 9 (Reuters) - A federal judge in Los Angeles on Monday preliminarily struck down a California state law that bans federal officers from wearing masks while on duty.
U.S. District Judge Christina Snyder said the U.S. government was likely to prove that the law is unconstitutional and granted its request for an order against its enforcement.
In the same ruling, Snyder upheld another California law that... (continue reading...)
By Jun Yuan Yong
SINGAPORE, Feb 10 (Reuters) - Singapore raised its growth forecast for this year to a range of 2% to 4% after a stronger-than-expected finish to 2025, saying on Tuesday that the global economic outlook was supportive and the AI investment boom would boost exports.
The city-state's economy grew 6.9% in the fourth quarter of 2025 from a year earlier, higher than an official advance estimate of 5.7%, government data... (continue reading...)
HONG KONG, Feb 10 (Reuters) - Hong Kong leader John Lee said on Tuesday media tycoon and democracy campaigner Jimmy Lai deserved the 20-year jail sentence handed down to him by a court this week after all the harm he had done.
Lee was speaking a day after Hong Kong's most vocal China critic, Lai, was sentenced on Monday to 20 years in jail on two counts of conspiracy to collude with foreign forces and one for publishing seditious materials.... (continue reading...)
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