American finance company, index provider, NYC-based
Indonesia’s economy has come under pressure from a global energy shock and policy shifts. The rupiah has weakened to a record low near 18,000 per dollar, fueling concerns about growth, investor confidence and currency stability as central bank actions lag the energy-driven outflows.
Defendants from Indonesia’s military intelligence unit have been convicted over the March attack on Andrie Yunus, a KontraS rights advocate. Sentences range from 1.5 to three years. Rights groups call the verdict a shallow justice, urging civilian courts to probe higher-level actions.
A panel of judges has found Nadiem Anwar Makarim guilty of abuse of authority in relation to the 2020 procurement of Google Chromebooks for Indonesian schools. He has been sentenced to 10 years in prison, with a fine and restitution totaling over 800 billion rupiah. Prosecution says state losses reached about 125 million, while Google’s investment in Gojek is central to the case. The verdicts from multiple outlets converge, with the defense planning appeals.
SK Hynix has raised $26.5bn by selling 177.9m American depositary receipts at $149 each, in the largest-ever US share sale by a foreign company. Its ADRs have begun trading on Nasdaq under temporary ticker SKHYV and will convert to SKHY; the company is using proceeds to expand fabs, packaging and EUV capacity as AI-driven memory demand surges.
Airbnb has purchased its first Manhattan office, a six‑story 42,500‑sq‑ft Beaux‑Arts building at 281 Park Avenue South for $81.5 million. The move accompanies a long-running clash with New York City over Local Law 18 restrictions on short-term rentals and signals a deeper commitment to the city with an employee hub for 600+ staff in the region.