Section: The Jakarta Post (Indonesia)
US indexes move higher; Amazon gains, Macy’s drops
A modest gain for the stock market on Wednesday tugged the Dow Jones industrial average back into the black for the year as investors set aside concerns about Ukraine, Iraq and earnings, at least for a day.Amazon led the gains in light trading, despite a mixed batch of economic and corporate news. The gains were broad but thin. Three companies...
Rupiah falls to 11,690 per dollar in Wednesday afternoon
The rupiah traded among banks in Jakarta on Wednesday afternoon depreciated by seven basis points to Rp 11,690 per US dollar, down from the previous Rp 11,683 per dollar.Bank Himpunan Saudara finance market analyst Rully Nova said that the weakening of rupiah was triggered by market players who were waiting for Bank Indonesia’s latest...
Asia stocks drift as Iraq, Ukraine tensions simmer
Asian stocks drifted on Wednesday as investors remained cautious amid uncertainty over potential conflict in Ukraine and Iraq plus new numbers showing a slowdown in Japan’s economy.KEEPING SCORE: Japan’s Nikkei 225 was up 0.2 percent to 15,186.10. Hong Kong’s Hang Seng shed 0.1 percent to 24,662.88. China’s Shanghai...
Rupiah strengthens to 11,678 per dollar on Wednesday morning
The rupiah traded among banks in Jakarta on Wednesday morning appreciated by five basis points to Rp 11,678 per US dollar, from the previous Rp 11,683 per dollar. PT Platon Niaga Berjangka finance market analyst Lukman Leong said that the strengthening of the domestic currency was driven by the ease of geopolitical tensions in Ukraine. “The...
US stocks fall as geopolitical risks remain
The stock market pulled back slightly Tuesday, following two days of gains, as investors focused on the damage that ongoing geopolitical tensions were causing the global economy.Energy stocks were among the biggest decliners, dragged down by lower oil prices.U.S. stock indexes opened modestly higher but turned lower at mid-morning and stayed...
Rupiah weakens slightly to 11,682 per dollar in the afternoon
The rupiah traded among banks in Jakarta on Tuesday afternoon weakened by seven basis points to Rp 11,682 per US dollar, compared to the previous Rp 11,675 per dollar.”Even though the rupiah depreciated slightly, it remains relatively stable,” PT Platon Niaga Berjangka financial market analyst Lukman Leong said in Jakarta on Tuesday,...
Ukraine says will deny access to Russian aid
A convoy of 280 Russian trucks reportedly packed with aid headed for eastern Ukraine on Tuesday, but Ukraine said it would deny the mission entry because it has not been certified by the Red Cross and could be a covert military operation.The International Committee of the Red Cross said it had no information on what the trucks were carrying or...
RI commits to strengthening bilateral relations with US
On Tuesday, President Susilo Bambang Yudhoyono welcomed senior US senator from Arizona John McCain to the Presidential Palace in Jakarta, announcing that the two nations would strive to strengthen bilateral relations in various fields in the future.Yudhoyono had previously met Senator McCain during a Shangri-La Dialogue event held several years...
Rupiah strengthens to 11,671 per dollar on Tuesday morning
Rupiah traded among banks on Tuesday morning in Jakarta strengthened slightly by four basis points to Rp 11,671 per US dollar from the previous Rp 11,675 per dollar. Monex Investindo Futures research head Ariston Tjendra said the domestic currency appreciated following market optimism that Russia-Ukraine tensions would ease. The condition has...
Asian shares gain as geopolitical tensions subside
Asian shares were mostly higher Tuesday, tracking rallies on Wall Street and in Europe as easing geopolitical tensions lifted investor confidence.Tokyo stocks gained 0.32 percent, extending their rally in the previous session after US airstrikes on Iraq — aimed at beating back rampaging Islamic State extremists — prompted sharp falls...
