Serious JarkataDK!!! JPMorgan guai guai upgrades Indonesia after 'disciplined'

[AsiaDK]

Indonesia has cut some ties with JPMorgan Chase & Co (JPM.N) after the bank's research analysts issued a negative report on the country, the latest in a series of skirmishes between Wall Street banks and governments in emerging markets.

Indonesia will no longer use JPMorgan as a primary bond dealer and has also revoked a special designation that allows it to perform certain banking services, Suahasil Nazara, head of the Ministry of Finance's fiscal policy office, told Reuters on Tuesday.

It is the second time recently that JPMorgan's research arm has drawn ire from the Indonesian government, and highlights the inevitable conflicts banks face when their analysts express a negative view on a country or company that their investment bankers are trying to court. http://www.reuters.com/article/us-indonesia-bonds-jpmorgan-idUSKBN14N0BS



now.....

JPMorgan reverses bearish call that angered Jakarta http://www.businesstimes.com.sg/banking-finance/jpmorgan-reverses-bearish-call-that-angered-jakarta

 

[AsiaDK]

JPMorgan upgrades Indonesian stocks to 'neutral' after row http://www.reuters.com/article/us-indonesia-stocks-jpmorgan-idUSKBN150154

JPMorgan Chase & Co upgraded its investment recommendation on Indonesian stocks to "neutral" from "underweight" on Monday, partially reversing a move it made in November that upset the government.

Indonesia cut its business ties with JPMorgan after the U.S. investment bank downgraded its recommendation on Indonesian stocks to "underweight" from "overweight" in a research report issued after the U.S. presidential election.