Articles by IBT Staff Reporter

Indonesian GDP Growth Accelerates In Q2, Beats Forecast

Indonesia's economic growth accelerated in the April-June quarter amid an export boom driven by rising commodity prices, official data showed on Friday, but monetary tightening, rising inflation and a global recession risk threaten the outlook.

Stocks Climb Ahead Of U.S. Jobs Data

Asian shares gained on Friday ahead of U.S. jobs data that will give another clue to the health of the world's largest economy as warning signs flashed in bond markets, and oil traded around its lowest level since the start of the war in Ukraine.

Oil Prices Extend Losses On Demand Worries

Oil prices extended losses on Friday, after hitting their lowest since before Russia's February invasion of Ukraine in the previous session, as the market fretted over the impact of inflation on global economic growth and demand.

Philippine July Inflation Highest Since 2018

Philippine inflation accelerated to its fastest pace in nearly four years in July, government data showed on Friday, maintaining pressure on the central bank to further tighten monetary policy at its Aug.