Section: Indonesia
Export target still ‘achievable’ despite global slowdown
The government remains optimistic that it will achieve its export target of US$190 billion this year despite lower than projected growth in global trade.Deputy Trade Minister Bayu Krisnamurthi said in Jakarta on Friday that the export target remained achievable although the World Trade Organization (WTO) had lowered its projected global trade...
Rupiah slips to 12,008 at Friday’s close
The rupiah interbank trade rate weakened by 55 basis points during the final session on Friday to Rp 12,008 per US dollar.”External factors such as the planned US Federal Reserve rate hike and rising tensions between Russia and Ukraine put pressure on the domestic currency during the closing session,” Bank Himpunan Saudara analyst...
US stocks advance after 3 days of declines
U.S. stocks recovered Wednesday, advancing solidly after three days of losses. Makers of consumer staples and health-care companies were among the biggest advancers.Investors continue to focus on Europe’s economic malaise and tensions in the Middle East after the U.S. and Arab nations attacked the Islamic State group’s headquarters in...
Obama Forges Anti-ISIL Coalition, But Will it Hang Together?
Washington. The Arabs are in. Turkey is on the fence. Britain, still smarting from an earlier Iraq war, is cautiously edging toward expanded action. Even Greece wants to help—if someone would tell it how. Two weeks after he announced plans to form a “broad coalition” to fight the militant group Islamic State, President Barack Obama’s hopes...
Europe, Syria drag on global stock markets
Grim economic news from Europe and airstrikes in Syria rattled global stocks Tuesday.Most of the damage was felt in European markets, which fell sharply after a closely watched gauge of business activity for the region fell to a nine-month low.The disappointing news about Europe’s economy also weighed down Wall Street. The Dow Jones...
Abe Drops Plan for Putin Visit to Japan This Year: Media
Tokyo. Prime Minister Shinzo Abe has dropped plans to host Russian President Vladimir Putin in Japan this year due to friction after Tokyo imposed sanctions on Moscow over the Ukraine crisis, reports said Tuesday. The two countries had agreed on the Russian leader’s visit “this autumn” but Washington had asked Tokyo to postpone it, Kyodo...
RI shares post best weekly gains in more than two months
Indonesian shares hovered near a two-week high on Friday, posting the best weekly gain in more than two months, amid expectations of a cut in fuel subsidy, Reuters reported. Most other share markets in Southeast Asia also edged higher in line with the rest of Asia. Jakarta’s composite index (JCI) which tracks 30 large-cap stocks, was up 0.7...
Rupiah falls to 11,997 per dollar Friday morning
The rupiah interbank trade rate depreciated on Friday morning by 15 basis points, falling to 11,997 per US dollar. “The rupiah has continued to depreciate due to negative sentiment in the global market. Most of the currencies across Asia also weakened in the morning,” Bank Himpunan Saudara analyst Rully Nova said Friday as quoted by...
Ukraine-Russia conflict drives up steel price
The conflict between Ukraine and Russia, the world’s two largest iron slab makers, has affected the global supply of iron slab resulting in rising prices that will eventually lift the price of hot rolled coil. Steel maker PT Krakatau Steel announced the price of iron slab had increased to between US$25 and $35. Ukraine and Russia’s...
Russia to deploy reinforcements to Crimea area: Minister
Russias defence minister called on Tuesday for the deployment of reinforcements to Crimea and southern Russia, citing the worsening crisis in Ukraine and the buildup of foreign forces nearby. Sergei Shoigu told a meeting … …read more Source: ANTARA...
