Sterling slid as low as $1.0763 in early morning London deals, one day after the BoE snapped up long-dated government bonds in order to prevent a "material risk" to stability.

Two Indonesian business magnates, Erick Thohir and Anindya Bakrie, have acquired 51 percent shares of Oxford United Football Club, following the footsteps of Thailand tycoons Sumrith 'Tiger' Thanakarnjanasuth and Pairoj Piempongsant, as well as Vietnam-based businessman Horst Geicke.

Asian stocks rallied Thursday as UK and US government yields fell after the Bank of England jumped into bond markets to prevent a fresh financial catastrophe.

The global financial institution said that, following new rules on investment, the government now needed to reform its trade policies.

The pound was on track for its biggest monthly fall since October 2008, just after Lehman Brothers collapsed.

State-owned electricity monopoly PLN has canceled its electric stove conversion program, two days after the company said that it had begun a trial with a total of 2,000 beneficiaries.  

German consumer confidence remains on a record downward slide as Europe's largest economy faces soaring inflation and an energy crisis heading into winter, a key survey published Wednesday showed.

Asian share markets tumbled on Wednesday as surging borrowing costs intensified fears of a global recession, spooking investors into the arms of the safe-haven dollar and driving the Chinese yuan to record lows.

WTO Director-General Ngozi Okonjo-Iweala said Russia's war in Ukraine, the climate crisis, food price and energy shocks plus the aftermath of the Covid-19 pandemic were creating the conditions for a world recession.

Government interference in the Indonesia Investment Authority (INA) may impair the sovereign wealth fund’s efforts to attract investment to Indonesia.

The government decided to increase the price of subsidized Pertalite and Pertamax gasoline and Solar diesel on Sept. 3 to manage the energy subsidy quota not to exceed Rp 502 trillion (US$33.5 billion).

Indonesia is racing against time to improve its investment climate to drive exploration projects and meet its oil and gas production targets, but observers believe the country lacks a sense of urgency.

ADB President Masatsugu Asakawa said at the Manila-based bank's annual meeting started the previous day that the assistance is an urgently needed response to the crisis, which is "leaving too many poor families in Asia hungry and in deeper poverty."

Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan has inaugurated a hydrometallurgical nickel laterite production facility in the Indonesia Morowali Industrial Park in Morowali, Central Sulawesi.

Amid rising global interest rates and an escalating war in Ukraine, the World Bank remains largely positive about Indonesia’s economy.

Capital A has announced plans to enlarge Teleport, the logistics venture of AirAsia Digital, by adding three Airbus 321 freighters to its fleet in the first quarter of 2023, and 50 within five years.

The instructions were given verbally by the Shanghai and Shenzhen Stock Exchanges through so-called "window guidance", or unofficial policy directives with no written documents, one of the sources said.

The iPhone supply chain is based mainly in China but the country's zero-Covid policies and tensions with the United States have hurt production, analysts say.

In a bleak report titled "paying the price of war", the Paris-based organisation noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly.  

Sterling steadied on Tuesday, but was perched above its record low only thanks to soaring yields on British debt and the hope of a response from policymakers or politicians, with its gyrations unnerving markets to the benefit of the dollar.

The trade and investment meeting got all countries to agree on the need to reform the WTO. And Indonesia hopes the Bali Compendium it introduced gives it the upper hand in a dispute on nickel exports.

National flag carrier Garuda Indonesia has filed a request under Chapter 15 of the United States bankruptcy code in New York to recognize its debt-restructuring deal, which it agreed in a Jakarta court last June.

With the growth of competition in Indonesia’s economy, MSMEs need all the help they can get to be able to perform to the best of their abilities, facing big corporations and more.

President Joko “Jokowi” Widodo has asked SOEs along with their venture-capital arms to be more involved in aiding home-grown start-ups, hoping it could boost the country’s digital-economic resilience amid a highly competitive tech-firm market.

From Friday, the cost of the signature Big Mac hamburger will increase to 410 yen ($2.85) from 390 yen, McDonald's Holding Company Japan said in a statement, reflecting increases of 10 to 30 yen on many items.

The British pound tumbled nearly 5 percent to an all-time low on Monday as investors ran for the exits after the new government's fiscal plan threatened to stretch Britain's finances to their limits.

If a World Bank scenario of a global recession in 2023 proves right, pressure is set to mount on export-oriented Indonesian businesses.