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Beijing accelerates de-dollarization as global yuan loans hit new record
China just smashed another milestone in its war on dollar dominance. Official figures show overseas renminbi lending, bond investments, and deposits by Chinese banks have quadrupled in five years, hit...
1 min
TikTok fined nearly $900,000 over delayed Tokopedia deal notice
Indonesia has fined Chinese social media platform TikTok about $900,000 after the company failed to comply with the country’s regulations regarding its takeover of Tokopedia. The country’s watchdog re...
1 min
Crashing currency and economic pressure threaten to derail Indonesia
Indonesia’s economy is under intense pressure right now as violent protests, a falling currency, and political tension hammer confidence in what Wall Street considers Southeast Asia’s most stable mark...
1 min