Japan’s government said Bitcoin isn’t a currency amid calls for its regulation a week after the bankruptcy of Mt. Gox, the Tokyo-based exchange that was once the world’s biggest.
Asian markets rose on Friday and the dollar held on to its New York gains after better-than-expected jobs data raised hopes for a strong payrolls report later in the day.
Indonesian investors are confident about investing in the country’s equity market, buoyed by high returns on the local stock exchange since the start of the year, according to a survey by global fund management firm Schroders.
UBS Securities Indonesia, the local outfit of Zurich-based investment bank UBS, says the bumper year the industry enjoyed in 2013 is unlikely to be repeated this year as the US Federal Reserve finally begins tapering its bond-buying program.
Indonesia’s benchmark stock measure rose on Thursday to its highest level in seven months following positive earnings results from the country’s listed lenders.
Stock market index provider FTSE Group has raised the shares of Indonesia’s Indofood CBP Sukses Makmur as large caps in its Asia Pacific ex-Japan index after its semi-annual review of indices.
Indonesia’s record sale of sukuk to individuals has reduced supply pressure and cut borrowing costs as the government targets unprecedented issuance this year.
Indonesian stocks rose for the second day on Wednesday, tracking gains across the Asian region as a Russian standoff in Ukraine was avoided.
Japan will this week set out rules on how to handle bitcoins, the first sign that the government is taking action on regulating the virtual currency after the collapse last week of Tokyo-based Mt. Gox, once the world’s dominant bitcoin exchange.