Given the gap in votes, Indonesia's Constitutional Court will likely reject Prabowo's challenge to the election results, says Andreas Harsono, Indonesia Researcher at Human Rights Watch.» Read More
JAKARTA, July 25- Indonesia's outgoing president is in talks with his successor to increase heavily subsidised fuel prices before the new leader takes power, two sources close to the matter told Reuters. Subsidies are seen by many as the most urgent issue facing Southeast Asia's biggest economy.
GENEVA, July 24- India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically.
*Indonesia to revise rules on mineral export taxes next month. LONDON, July 24- Copper climbed to its highest level in 10 days and zinc hit a near three-year peak after better-than-expected Chinese factory data calmed fears about economic growth in the world's biggest metals consumer.
JAKARTA, July 24- Indonesia will revise its rules on mineral export taxes next month, paving the way for the country's multi-billion dollar mining industry to resume full production after months of layoffs and stalled output, a senior official said on Thursday.
*To file criminal changes against Alstom imminently. David Green, who announced on Monday that the SFO would join U.S. prosecutors and regulators worldwide in investigating allegations of misconduct in the $5.3 trillion- per-day foreign exchange market, said he had "reasonable grounds" to suspect that an offence of serious or complex fraud was involved.
LONDON, July 23- Emerging equities hit new 17- month highs on Wednesday, buoyed by strong post-election gains in Indonesia and a rise in Russian stocks after a conciliatory tone from the Kremlin over the downed Malaysian Airlines jet.
Hong Kong's Hang Seng was up 0.8 percent to 23,962.98 and Australia's S&P/ASX 200 rose 0.6 percent to 5,575.10 helped by the brisk output report by mining giant BHP Billiton.
Sofjan Wanandi, Chairman of Indonesian Employers Association (APINDO), says Prabowo is talking about mounting a legal challenge because he knows he is losing the presidential elections.
Mark Matthews, Head of Research for Asia at Bank Julius Baer, says Jokowi's reform course may be challenged by a less than 20 percent representation in Indonesia's parliament.
Cameron Hume, Former U.S. Ambassador to Indonesia, explains why he's not expecting radical reform, but gradual change from the country's new leader.
JAKARTA, July 22- Indonesia's new president Joko "Jokowi" Widodo said he wants to sit down with mining companies and other parties in a bid to resolve a row over mining policies that has halted $500 million of metal exports a month in Southeast Asia's biggest economy.
At first glance, it may seem easy to dismiss Chinese smartphone maker Xiaomi as a viable competitor to Apple. But that won't be for long.
Mark Thompson, director for south east Asia research centre at City University of Hong Kong, discusses the Indonesian presidential race as Joko Widodo is expected to be announced as the winner.
Hartmut Issel, head of APAC equity, credit and macro CIO at UBS, discusses what the result of the Indonesia election could mean for investors.
With his coalition already falling apart, it is unlikely that Prabowo can reverse what seems to be an election defeat, says Tim Lindsey, Professor of Asia Law from University of Melbourne.
Wellian Wiranto, Economist at OCBC Bank, expects Joko Widodo to win the presidential elections by a 5 percentage point margin over rival Prabowo Subianto.
Richard Martin, Managing Director of IMA Asia, discusses the possibility of a credit rating downgrade for Indonesia ahead of the country's presidential election results.
SYDNEY/ NEW DELHI, July 21- India will firm up its position regarding a landmark global trade pact shortly before a Thursday deadline, a senior official said on Monday, setting up a nail-biting showdown over a deal it says should safeguard a $12 billion anti-poverty food program.
India is the most prominent of a group of developing nations angry with rich countries for failing to address their concerns about a deal on trade facilitation struck by WTO member states in Bali, Indonesia, last year. In Bali, WTO members agreed to give India a pass on its stockpiles until 2017, while negotiating a permanent solution.
BEIJING— World stock markets remained on the back foot Monday as tensions grew between Russia and the West over the downing of an airliner in eastern Ukraine.