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The Latest Breaking News from BI

ABM Industries Jumps 13% In Wednesday Trading. Time to Buy?

The New York-based facility management company reported better-than-expected earnings Wednesday before the markets opened. Its shares jumped 13% on the news, suggesting now might be the time to buy ABM stock.

Barchart

Londoners have more work-from-home flexibility than Parisians

20% of workers in Paris are not allowed to work from home, while in London the number is 4%

Evening Standard

Authorities clip SBF’s wings, confiscate 2 private jets worth more than a combined $28 million

The private jets were apparently bought through a "handshake" loan from FTX.

Fortune

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Pearson On and On review - a very British gravel bike

An aero carbon gravel machine from London's oldest bike shop

Cycling Weekly

‘Food’s my love language’: the Palestinian Americans behind San Francisco’s renowned dining scene

Migration to the Bay Area has led to the flourishing of restaurants, groceries and cafes – from local hotspots and national chains

The Guardian - US

Central bank rates seen peaking soon in SE Asia

MANILA: Southeast Asian central banks look like they are close to done fighting inflation using interest rates, with economists seeing the tightening cycle ending after 25- to 50-basis points of moves in the coming months.

Bangkok Post

Indonesia central bank says digital rupiah currency can be used in metaverse

JAKARTA: Indonesia's central bank (BI) governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse.

Bangkok Post

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Japan intervenes to prop up yen for first time since 1998

Japan has intervened in currency markets for the first time since 1998 to support the yen, seeking to stem a 20% plunge against the dollar this year amid a widening policy divergence with the United States.

Bangkok Post

Bank Indonesia hikes benchmark rates for first time since 2018

JAKARTA: Indonesia's central bank raised its benchmark interest rate for the first time since 2018 on Tuesday, stepping up monetary tightening to fight rising inflation.

Bangkok Post

Indonesia holds key interest rate but reins in banks

JAKARTA: Indonesia's central bank on Tuesday announced more aggressive hikes in the reserve requirement ratio (RRR) for banks, expecting inflation to rise slightly above its target band this year, but kept interest rates unchanged at a record low.

Bangkok Post

Warren Buffett touts Berkshire’s infrastructure might, growth plan

WASHINGTON: Warren Buffett’s Berkshire Hathaway Inc has amassed $158 billion of domestic infrastructure assets, a feat the billionaire investor said underscored the conglomerate’s stature as an industrial powerhouse which he only expects to grow.

The Times of India

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