Oil settles lower as Russia fuel export ban boosts, rate hikes weigh

This aerial photo shows the Enping 15-1 oil platform 200 km southwest of Shenzhen, south China, May 31, 2023. Mao Siqian | Xinhua News Agency | Getty Images Oil prices settled lower after choppy trading on Thursday, rising as much as $1 a barrel after a Russian ban on fuel exports snatched the focus from … Read more

Indonesia says economy is more resilient to absorb inflation shocks

Indonesia is taking steps to make its economy more resilient so it can withstand global shocks like inflation, especially from the United States, said Finance Minister Sri Mulyani Indrawati. As the world’s largest economy, what the U.S. does has strong implications worldwide, including Indonesia, said the minister. To fight inflation, the U.S. has hiked interest … Read more