Harry Suhartono

3 days ago | bloomberg.com | Leen Al-Rashdan |Danny Lee |Harry Suhartono

The 76-year-old airline is a major employer and a key mode of transport for Indonesia. (Bloomberg) -- PT Garuda Indonesia is in talks with the country’s sovereign wealth fund Danantara about an injection of around $500 million, according to people familiar with the matter, as the struggling national carrier looks to turn its business around.

3 weeks ago | bloomberg.com | Harry Suhartono |Megawati Wijaya |Leen Al-Rashdan

A Garuda Indonesia aircraft. Photographer: Dimas Ardian/Bloomberg(Bloomberg) -- Garuda is in talks with Indonesia’s sovereign wealth fund Danantara about an injection of capital, people familiar with the matter said, as the nation’s flagship airline struggles to right its finances. The talks are preliminary and could change, and details regarding the size of the funds transfer are still being worked out, the people said, asking not to be identified because they’re not authorized to speak publicly.

3 weeks ago | bloomberg.com | Harry Suhartono

(Bloomberg) -- Goldman Sachs Group Inc. says Asian investment-grade credit spreads have limited room to tighten further after erasing the spike triggered by President Donald Trump’s early-April tariff announcement. Borrowing costs are unlikely to decline more without supportive macroeconomic conditions such as steady global growth, low recession risks and gradually falling inflation, according to Kenneth Ho and Sandra Yeung, credit strategists at the company.

4 weeks ago | bloomberg.com | Catherine Bosley |Harry Suhartono |Phil Serafino

The greenback is no longer the tool of choice in many hedging trades This article is for subscribers only. On the new episode of Trumponomics: Niall Ferguson and Fareed Zakaria join to place Donald Trump’s ambitious plans for the US economy in historical perspective. Listen on Apple, Spotify, or wherever you get your podcasts.

4 weeks ago | bloomberg.com | Catherine Bosley |Harry Suhartono |Tao Zhang

(Bloomberg) -- Banks and brokers are seeing rising demand for currency derivatives that bypass the dollar, as trade tensions add a sense of urgency to a years-long shift away from the greenback. Firms are receiving more requests for transactions including hedges that sidestep the dollar and involve currencies such as the yuan, the Hong Kong dollar, the Emirati dirham and the euro. There’s also demand for yuan-denominated loans, and a bank in Indonesia is setting up a desk for the Chinese currency.