The dollar fell against most of its major peers as Secretary of State John Kerry said the U.S. will explore a Russian proposal for Syria to turn over its chemical weapons while seeking approval for military strikes.
Indonesia faces pressure to add to its most aggressive monetary-tightening cycle since 2008, underscoring a widening divergence in its growth outlook with the Philippines in a reversal of fortunes for the two economies.
Royal Dutch Shell Plc sold two cargoes of North Sea Brent crude at higher prices than yesterday. OAO Lukoil bought Russian Urals blend in the Mediterranean at a lower differential than its bid yesterday.
Jakarta’s Soekarno-Hatta airport, Southeast Asia’s busiest, couldn’t offer Lion Group the space it needed to build a new airplane maintenance facility. Instead, the company ended up picking a site near Singapore.
Tin shipments from Indonesia, the world’s largest exporter, will probably decline to the lowest level in seven years as the new trading rule forces producers to hold back cargoes, according to PT Timah.
Thailand, the world’s largest rubber producer and exporter, decided to double the subsidy paid to farmers after they threaten to step up protests across the nation’s key plantation areas amid a plunge in prices.
Emerging-market stocks rose to the highest level in three months as Chinese industrial production topped estimates and concerns eased that the U.S. will strike Syria. India’s rupee led gains in currencies.