9:43 am September 16, 2014 | No Comment
The Australian dollar’s 3.6 percent drop this month is emboldening traders betting that the Reserve Bank’s next move will be to raise interest rates.
8:33 am September 16, 2014 | No Comment
Chinese investors, left out of Alibaba Group Holding’s US initial public offering, are piling into the next-best thing. The seven mainland-traded companies that either sold stakes to Alibaba or have partnerships with the e-commerce business have rallied 15 percent on average over the past month, beating the Shanghai Composite Index by 10 percentage points, data compiled by Bloomberg and GF Securities show.
8:20 am September 16, 2014 | No Comment
Palm oil stockpiles in Indonesia, the world’s largest supplier, probably surged to the highest level in 15 months in August because of increased production and reduced demand from importers.
8:10 am September 16, 2014 | No Comment
China will ban the import and local sale of coal with high ash and sulfur content starting from 2015 in a bid to tackle air pollution, with tough requirements in major coastal cities set to hit Australian miners the hardest.
7:50 am September 16, 2014 | No Comment
President Susilo Bambang Yudhoyono encouraged the private sector to take part in infrastructure development in the country as Indonesia needs a total of Rp 4,7 trillion ($393 million) by 2025 to build much-needed infrastructure, which will spur economic growth in the regions.
9:33 pm September 15, 2014 | No Comment
J Trust, a Japanese finance company, must conclude its stake acquisition of Bank Mutiara before its Nov. 21 deadline, a spokesman at the Indonesian Deposit Insurance Corporation, or LPS, said on Monday.
9:05 pm September 15, 2014 | No Comment
The government and the House of Representatives on Monday reached an agreement to not increase the quota for subsidized fuel in 2015, which will likely mean the next government will need to raise prices to curb consumption.