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Indonesian state-owned builder PT Waskita Karya was unable to repay 722 billion rupiah ($40 million) of bonds that fell due on Thursday, prompting a claim under an Indonesian government guarantee program that could test the country’s pandemic-era mechanism.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
New Delhi: Insurance shares fell sharply on Thursday after the Insurance Regulatory and Development Authority of India (IRDAI) proposed commission caps for life insurance policies. Insurance and related stocks declined between 10% and 20%, according to IANS.
European Central Bank (ECB) Governing Council member Martin Kocher said on Thursday that the central bank must prevent too high inflation from becoming entrenched.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $91.40 during the early Asian trading hours on Thursday.
The debut performance contrasts with that of other large Indian listings, including Hyundai Motor India, LIC, Paytm, Tata Capital and Coal India
Shares were trading mixed early on Thursday morning, as investors tried to digest the recent swings in oil prices and the US bond market.
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