Some of the world's most prominent banks have been around for centuries and have stood the test of time. However, many people are unaware that these banks play an important role in trade, both in good times and bad. Let's see how. 1.Finance Oversees Trade Large banks finance most of international trade, and the World Trade Organization (WTO) estimates that banks or other financial institutions finance 75 percent of global trade. Due to this support, many companies can sell their products abroad or buy raw materials or equipment abroad...

Indonesia posts smaller current account deficit in Q3 as export demand picks up JAKARTA, Nov 21 (Reuters) - Indonesia posted a third quarter current account deficit of $0.9 billion, equivalent to 0.2% of gross domestic product, the central bank said on Tuesday, much smaller than the previous three months owing to recovering demand in some export commodities. The reduced deficit came after Southeast Asia's largest economy reported $2.2 billion current account deficit in the second quarter, equivalent to 0.6% of GDP, which was the first quarterly deficit in two years, according to revised data from Bank Indonesia (BI)...