Section: The Jakarta Post (Indonesia)
Country Profile: Kazakhstan………Celebrating Independence Day
Following its independence over 23 years ago, the natural resource-rich Republic of Kazakhstan has turned into a politically stable and prosperous country, playing an active role in creating a peaceful world.The Republic of Kazakhstan celebrates Independence Day on December 16. The years following independence in 1991 have been marked by...
Western sanctions, ruble crash hit Russians hard
Oyster Bar built a thriving business serving mollusks to well-heeled Muscovites. Then came Western sanctions, and the restaurant was forced to rechristen itself this fall. Today, it serves up burgers and pizza under a new name: No Oyster Bar.Co-owner Ilya Sokhin said a Russian ban on European oyster imports hit hard, and the average check at his...
Global air freight grows 5.4% in October: IATA
The International Air Transport Association (IATA) released October data for the global air freight market showing that air cargo’s strong performance in recent months was continuing.Global air cargo demand, measured in freight tonne kilometers (FTK), rose by 5.4 percent in October this year compared to October 2013.Compared to the previous...
Russia warns of recession next year
The Russian government has for the first time acknowledged that the country will fall into recession next year, battered by the combination of Western sanctions and a plunge in the price of its oil exports.The economic development ministry on Tuesday revised its GDP forecast for 2015 from growth of 1.2 percent to a drop of 0.8 percent. Disposable...
Asia stocks drift as global economic outlook dims
Asian stock markets drifted Tuesday, taking a negative cue from Wall Street as the economic outlook for next year clouds.KEEPING SCORE: Japan’s Nikkei 225 stock average was up 0.2 percent at 17,629.55 and Hong Kong’s Hang Seng added 0.4 percent to 23,449.24. Seoul’s Kospi was down 0.2 percent at 1,962.11. Australia’s...
Putin says Russia will scrap South Stream pipeline
Amid spiraling tensions with the West, Russian President Vladimir Putin announced Monday that Moscow is spiking a multibillion dollar gas pipeline project for southern Europe and will focus instead on boosting its energy ties with Turkey.Moscow will increase gas supplies to Turkey across the existing pipeline and later could build a new link and...
Partial results: Moldova parties favoring EU ahead
Moldova’s pro-European parties began talks on forming a coalition Monday as near-complete results showed them in a strong position despite a drop in support.With 90.6 percent of the vote counted, the three pro-Europe parties were ahead with about 44.6 percent, with 39.3 percent for the two pro-Russia parties. The pro-Europe share was down...
World stocks, oil down on Chinese, US data
World stocks fell on Monday after a gauge of Chinese manufacturing declined and U.S. retail sales fell Thanksgiving weekend.Oil prices continued to fall, dragging Russia’s ruble to a record low, while Hong Kong shares dived following clashes between police and pro-democracy protesters.KEEPING SCORE: Germany’s DAX shed 0.1 percent to...
Moldovans vote, torn between pull of EU, Russia
Moldovans have begun voting in elections where they are choosing between parties that want to move closer to Europe and those that want to move back into Russia’s orbit.Sunday’s parliamentary election takes on wider significance with the unrest in neighboring Ukraine. Moldova, like Ukraine, has a pro-Russia separatist region in its...
Malaysia Airlines apologizes for tweet, posts loss
Malaysia Airlines on Friday said its loss widened last quarter and apologized for a promotional tweet slammed as insensitive after two deadly passenger jet disasters this year.In its last public financial result before a planned privatization and overhaul, the flag carrier said its net loss in the July-September quarter rose 53 percent from a...
