Indonesia penalizes JPMorgan for negative report in latest emerging markets skirmish

JAKARTA/NEW YORK (Reuters) - Indonesia has cut some ties with JPMorgan Chase & Co 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 Re