Section: The Jakarta Post (Indonesia)
Survey shows more pessimism about German economy
Germany’s ZEW survey of investment analysts fell for the tenth consecutive month in October, adding to a string of downbeat economic data about Europe’s largest economy and the eurozone as a whole.The index fell to minus 3.6 points from 6.9 points in September. That was worse than the zero expected by market analysts.The ZEW reading...
Top finance officials hope to boost growth
Finance officials from the world’s largest economies are being urged to prevent the global economy from falling into a “new mediocre” in which growth remains stuck at subpar levels for years to come, trapping millions of people on unemployment rolls.Finance ministers and central bank presidents of the Group of 20 nations, which...
Finance officials face global economy under threat
Though braced by a resurgent United States, the global economy is under threat from other regions — from Europe and Latin America to China and Japan — where growth is stalling and prospects remain dim.That’s the bleak picture facing global finance officials who are meeting this week in Washington to consider policies to address the...
Yudhoyono hails neutrality of Indonesian armed forces in election
President Susilo Bambang Yudhoyono on Tuesday hailed the neutrality of the Indonesian Armed Forces (TNI) in the country’s fiercely contested presidential elections this year as proof of its successful reform, even as he urged them to step up their skills, professionalism and preparedness.”TNI, working with the [olice, have secured a...
Eye on would-be militants in Malaysia
Police are keeping track of Malaysians being recruited by Islamic State militants and monitoring their movements.Inspector-general of Police Khalid Abu Bakar said those looking to join the terrorist group in its fight in the Middle East have been identified.“We know who they are.“We also know that they plan to enter Syria and Iraq by travelling...
IMF trims forecast for global economic growth
The International Monetary Fund slightly lowered its outlook for global economic growth this year and next, mostly because of weaker expansions in Japan, Latin America and Europe.The IMF said Tuesday the global economy will grow 3.3 percent this year, one-tenth of a point below what it forecast in July. World growth should then pick up to 3.8...
Latvians hold election in shadow of Ukraine crisis
Latvians are choosing a new Parliament in an election overshadowed by the Ukraine crisis and worries over how to deal with resurgent neighbor Russia. The center-right coalition government, which welcomed the buildup of NATO forces in the region as protection against Russia, is pitted against the opposition Harmony party, a left-leaning group —...
JPMorgan says data breach affected 76M households
A huge cyberattack against JPMorgan Chase & Co. this summer has compromised customer information for about 76 million households and 7 million small businesses, the bank said Thursday.The New York-based bank said that names, addresses, phone numbers and email addresses of customers were stolen from the company’s servers but only Chase...
Asian stocks down on recovery, Ebola worries
Asian stocks fell Thursday amid worries about the strength of U.S. and European recoveries and the first American case of Ebola.KEEPING SCORE: Japan’s Nikkei 225 index lost 1.7 percent to 15,815.45 points and South Korea’s Kospi fell 0.9 percent to 1,973.31. Australia’s S&P/ASX 200 declined 0.7 percent to 5,295.7. Stocks in...
US stocks drop sharply; Airlines sink
It was a rough start to October for financial markets Wednesday, with the Dow Jones industrial average dropping more than 200 points as investors reacted to a round of negative economic news in the U.S. and abroad.At first stocks were driven lower by word that German manufacturing had slowed last month. The selling accelerated after a separate...
