Indonesian authorities

The Indonesian authorities try to calm the worries after the market loss of $80 billion

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The Indonesian authorities try to calm the worries after the market loss of billion

By Stefanno Sulaiman and Ankur Banerjee JAKARTA/SINGAPORE, Jan 29 (Reuters) – Indonesian authorities scrambled on Thursday to arrest an outflow of capital from the stock market, issuing measures to counter the risk of a downgrade to the status of the frontier market that led to a sell-off of more than 8% in just two days. … Read more

Indonesian rescuers find second body as search for Spanish soccer coach and 2 children widens

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Indonesian rescuers find second body as search for Spanish soccer coach and 2 children widens

JAKARTA, Indonesia (AP) — Indonesian rescuers recovered a second body Sunday in the ongoing search for a Spanish soccer coach and two of his sons who drowned after a tour boat capsized during their Christmas vacation. The rescue team recovered the body floating near Padar island, about 2 kilometers (1.2 miles) from the drowning site, … Read more