Euro set for weekly drop, yen eyes biggest gain since early September - Reuters

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• France is flashing euro crisis signals. This time, the fault lines are different

  France is flashing euro crisis signals, with its economic and political woes raising concerns about potential contagion. The euro has fallen nearly 5% against the dollar since the start of the year, and France's benchmark borrowing cost, the yield on its 10-year bond, rose above 5% for the first time since 2002 this week before moving sharply higher. The spread between French and German 10-year bond yields, a closely watched metric of distress, reached more than 170 basis points on Thursday for the first time sinc…

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• Will EPF wage ceiling hike go in vain for your EPS?

  The central government has decided to continue contributing to the Employees’ Pension Scheme (EPS) at the earlier wage ceiling of Rs 15,000, despite the new ceiling of Rs 25,000 coming into effect from September 17, 2025. The contribution rate remains 1.16% of the basic wage, and the government’s monthly contribution to EPS accounts will rise from Rs 174 to Rs 290, a 66.66% increase, when the wage ceiling is raised to Rs 25,000. The EPS is a defined benefit scheme, and the government’s contribution at a Rs 15,000…

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• Why is Indonesia facing a rare MSCI downgrade and what's at stake?

  Indonesia is facing a rare MSCI downgrade, marking the third time a market has been downgraded from emerging to standalone status since 1997. The Jakarta Composite fell 11.6% on October 16, wiping off $65 billion from its value, making it the largest one-day fall since the 1998 Asian financial crisis. This downgrade could trigger billions of dollars in foreign outflows, even as Indonesia pursues reforms aimed at improving market transparency and trading practices. The proposal, going further than MSCI's initial wa…

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