Bank Indonesia is preparing monetary measures to restore stability to the nation’s currency and bond market hit by a selloff, signaling for the second time in less than two weeks that the central bank may hike rates.
“Bank Indonesia is in the middle of preparing firm monetary policy measures, including through the adjustment of 7-day reverse repo rate, prioritizing stabilization,....More>>>
Nektar Therapeutics (NASDAQ:NKTR) is an intriguing commercial-stage biotech company that’s just reported positive late-stage trial results for its pain-busting drug NKTR-181. However, shares have jumped on the news, and the company’s market cap has swollen to more than $3 billion. Is there more running room left for its investors?
What it’s doing already
A sub-committee of the Public Accounts Committee (PAC) has asked the CBI to dig deeper into the timeline of decisions taken by former finance Minister P Chidambaram on the ban on gold imports and the 80:20 scheme, according to a report by The Economic Times.
In June 2013, Chidambaram had voted in favour of amendment ofForeign Trade Policy to prohibit organisations from importing gold....More>>>