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China’s big banks eye profit relief but face new pressures from war, policy

Finance Deposit repricing, abating rate pressure buoy outlook; fee rules, Iran turmoil sow doubts China’s big state-owned banks expect good news ahead for their long-wallowing net interest margins — a key measure of bank profitability calculated as the difference between interest income and expenses.  (Source photos by Reuters and Getty Images) LORRETTA CHEN and WATARU […]

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Indonesia’s Prabowo vows quicker energy transition amid global oil crisis

Energy Expansion of solar, geothermal and biodiesel among government’s priorities Indonesian President Prabowo Subianto is welcomed by Japanese Emperor Naruhito on his arrival for an audience at the Imperial Palace in Tokyo on Monday. © Reuters TOKYO — President Prabowo Subianto has vowed to accelerate Indonesia’s energy transition to protect the country against the global oil […]