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Yen climbs as treasury yields decline

SYDNEY: Ten-year Treasury yields fell, taking the dollar down against the yen, after Italy’s political impasse triggered a risk-off mood in holiday-hit markets. Oil prices retreated further, sending West Texas crude to its lowest in six weeks.

Indonesia seen to raise interest rates Wednesday

JAKARTA: Indonesia's top policymakers sought to shore up confidence in Southeast Asia's biggest economy, as bets grow that the central bank will raise interest rates for the second time in two weeks at an out-of-cycle policy meeting on Wednesday

Perry Warjiyo, sworn in as governor last week, said on Monday it was not an "emergency meeting", but the rupiah jumped to a two-week high on hopes central bank actions will relieve persistent pressure on the country's financial markets.  Alongside other emerging markets, Indonesia has seen an outflow of funds as U.S. assets become more attractive due to rising interest rates.

Indonesia seeks to shore up confidence in economy

JAKARTA: Indonesia’s top policymakers sought to shore up confidence in South-East Asia’s biggest economy, as bets grow that the central bank will raise interest rates for the second time in two weeks at an out-of-cycle policy meeting tomorrow.

Rupiah rises: The rupiah jumped to a two-week high on hopes central bank actions will relieve persistent pressure on the country’s financial markets. — Reuters

Singapore, India exchanges abandon trade link talks

MUMBAI: Singapore Exchange Ltd (SGX) and National Stock Exchange of India Ltd (NSE) have abandoned talks on a cross-border trading link, according to people familiar with the matter, amid a bitter court battle that’s soured an 18-year partnership.

Oil sinks while stocks gain on North Korea, euro shaken by Italy

TOKYO: US oil futures hit six-week lows on expectations major producers may ease output curbs on Monday, while Asian stocks and U.S. share futures gained on signs the United States and North Korea were still working towards holding a summit.

New Bank Indonesia governor wasting no time on rate hikes

JAKARTA: Indonesia’s new central bank governor is putting his stamp of authority on his role, calling an early policy meeting for Wednesday and setting the stage for a second interest rate increase in two weeks to stem a rout in the currency.

Perry Warjiyo, Indonesia's new central bank governor, speaks to members of the media following his inuaguration in Jakarta, Indonesia, May 24, 2018. REUTERS

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