Section: Indonesia
Fed rate wording boosts Asian stock markets
Asian stock markets powered higher Thursday, sweeping aside worries about a flagging global economy after the U.S. Federal Reserve said it would to remain “patient” in its approach to raising interest rates.KEEPING SCORE: Japan’s Nikkei 225 surged 2.5 percent to 17,242.33 and Hong Kong’s Hang Seng added 1.1 percent to...
Stocks gain most in more than a year on Fed, oil
A pledge from the Federal Reserve to remain “patient” when deciding when to lift interest rates gave the stock market its biggest gain in more than a year.Stocks rose from the open on Wednesday, led by gains for the energy sector, as oil prices showed signs of stabilizing after their big slump in recent months. The market’s...
The World Hot Spots You’ve Never Heard of That Could Ruin 2015
The Spratlys. Narva. Fezzan. These places risk becoming household names in 2015. Can’t locate them on a map? Well, a lot of people couldn’t have found Donetsk in Ukraine or Raqqa in Syria as 2014 got under way. As experts debate potential nasty surprises in 2015, certain scenarios keep coming up: a naval incident between China and one...
Russian ruble is mixed after Tuesday’s collapse
Russia’s embattled ruble extended a week of catastrophic losses by dropping 4 percent at the opening of trading in Moscow.The world’s worst-performing currency along with the Ukrainian hryvnia, the ruble has lost more than 50 percent of its value this year. It traded at 70.7 per dollar Wednesday morning, or 4 percent lower than at the...
Asian stocks mixed after Wall Street slide
Asian stocks were mixed Wednesday after Wall Street slid and oil prices tumbled while investors waited for a U.S. Federal Reserve statement on monetary policy.KEEPING SCORE: China’s Shanghai Composite Index gained 0.6 percent to 3,040.88 and Tokyo’s Nikkei 225 added 0.4 percent to 16,825.21. Hong Kong’s Hang Seng was off 0.6...
Obama backs bill imposing new sanctions on Russia
President Barack Obama will sign legislation imposing new economic sanctions on Russia, the White House said Tuesday, as the U.S. claimed some credit for sparking Moscow’s roiling currency crisis and moved to deepen the pain.Still, White House officials acknowledged there were no guarantees Russia’s economic woes and another round of...
Russia’s sinking economy becoming a global threat
Russia’s suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy.With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia’s shriveled currency, its move to dramatically boost interest rates, the damage from plummeting oil...
Ruble collapse shakes Russian economy, consumers
Russian President Vladimir Putin faces a major new challenge after a catastrophic fall in the value of the ruble, which hit a new low Tuesday despite the Central Bank’s desperate efforts to halt the selling.On the streets of Moscow, panicky consumers rushed out to buy home appliances before they became even more expensive.Putin’s...
In Past Year, 66 Journalists Killed as Attacks Grow More Barbaric
Paris. Attacks on journalists have grown more barbaric and kidnappings have soared, Reporters Without Borders said on Tuesday, after a year when violence against the media took center stage and 66 reporters were killed. Among those murdered this year was AFP journalist Sardar Ahmad, 40, who was shot dead in March when Taliban militants stormed a...
World stocks slip, China surges on stimulus hopes
Asian and European stocks slid Tuesday as further weakness in oil prices and the slumping Russian ruble helped extend the global market rout. Disappointing Chinese factory data added to the selling pressure although it also fueled hopes of more stimulus that lifted China’s stock benchmark.KEEPING SCORE: European stocks edged lower in early...
