MSCI's Shock Downgrade Threat Triggers Indonesia's Worst Stock Rout Since 1998
A proposal from index provider MSCI to strip Indonesia of its emerging-market status, and drop it straight to standalone status, sent the Jakarta Composite Index into its steepest one-day fall in nearly three decades, with billions more in foreign money now at risk.
Muhammad Fadli/Bloomberg
Indonesia's Danantara Pledges $5 Billion for Local Stocks as MSCI Downgrade Talk Rattles Jakarta
Tim ·
Business
An Early Anthropic Investor Sees a Potential IPO Pricing Well North of $1.8 Trillion
As Anthropic moves toward filing for a public listing, an early investor tells Fortune the AI company could price its IPO near $1.8 trillion and trade up from there, pointing to Claude's enterprise traction as evidence it has outgrown its startup roots.
Finn Gomez—Getty Images
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Singapore's Economy Grows 5.4% in the Third Quarter as AI Demand Keeps Factories and Exports Humming
Singapore's advance estimate for third-quarter GDP shows 5.4% year-on-year growth, with manufacturing and exports lifted by sustained AI-related demand, as the central bank holds its policy stance steady and looks for inflation to ease only from the middle of 2027.
Tim
Indonesia Wants Every Adult to Have a Bank Account, but Its Own Ministers Cannot Agree How
Indonesia is pushing a plan to give every citizen 17 and older a bank account, a sweeping financial inclusion push. But a public disagreement between Coordinating Minister for Economic Affairs Airlangga Hartarto and Finance Minister Purbaya Yudhi Sadewa over the scale of the rollout is already testing how coordinated the policy really is.
Tim