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Indonesia

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  • LONDON, Nov 19- The rouble inched lower on Wednesday and Russian bond yields touched new five-year highs as Moscow prepared for its first debt auction since October, while a firmer dollar also took a toll on most other emerging currencies. Russian 10- year yields were around 10.4 percent, the highest since December 2009 ahead of an auction of 5 billion roubles'...

  • JAKARTA, Nov 18- Indonesia's central bank, moving quickly to contain inflation after the government raised fuel prices more than 30 percent, hiked its benchmark interest rate by 25 basis points to 7.75 percent on Tuesday. In his first major economic policy decision, President Joko Widodo on Monday night raised subsidised gasoline and diesel prices by more than...

  • Nearly 18 months after the low-cost carrier, backed by Australia's Qantas Airways and Shanghai- based China Eastern Airlines, lodged an application for a licence, Hong Kong authorities are still weighing its approval. Budget airlines account for just 8 percent of the capacity out of Hong Kong, compared with 30 percent in Singapore and 50 percent in Kuala Lumpur...

  • Indonesian government sharply raises fuel prices Monday, 17 Nov 2014 | 10:27 AM ET

    JAKARTA, Indonesia— Indonesia's president announced a sharp increase in fuel prices on Monday, saying costly government subsidies would be better spent on infrastructure and development. The price of gasoline will be raised from about 53 cents to 70 cents per liter, and diesel fuel from 45 cents to 61 cents, beginning Tuesday. Police were deployed to guard some...

  • Malaysian air bag victim was in final week of pregnancy Saturday, 15 Nov 2014 | 8:29 AM ET

    SIBU, Malaysia, Nov 15- The death of a heavily pregnant Malaysian woman in a car crash on Borneo island in July opens a new front in a widening U.S. investigation into defective air bags that has triggered one of the biggest safety recalls in automotive history. Law Suk Leh, 43, was driving her 11- year-old Honda City car in twilight on Sunday, July 27 when it collided...

  • UPDATE 1-WTO sees global trade pact within two weeks Friday, 14 Nov 2014 | 4:29 AM ET

    BRISBANE, Australia, Nov 14- The World Trade Organization said on Friday there was a "high probability" that a major deal on streamlining global customs rules will be implemented within two weeks after India and the United States overcame a key impasse. India and the United States settled a dispute on Thursday that had paralysed the WTO and risked derailing the...

  • WTO sees global trade pact within two weeks Friday, 14 Nov 2014 | 3:59 AM ET

    BRISBANE, Australia, Nov 14- The World Trade Organization said on Friday there was a "high probability" that a major deal on streamlining global customs rules will be implemented within two weeks after an agreement was reached between India and the United States to overcome a key impasse. "I would say that we have a high probability that the Bali package will be...

  • NEW DELHI/ WASHINGTON/ GENEVA, Nov 13- India and the United States settled a dispute on Thursday that had paralysed the World Trade Organization and risked derailing a $1 trillion package of reforms of global customs procedures. That put the WTO's future in doubt just months after it appeared to have overcome decades of stalemate on the issue at a meeting in Bali...

  • PARIS, Nov 13- Indonesia's Lion Group is pushing forward with revived plans for a 2016 initial public offering now designed to fund an airport vital to securing its growth, chief executive Rusdi Kirana said. The 51- year-old former travel agent captured international attention when he announced record purchases of jets from Boeing and Airbus to serve...

  • GENEVA, Nov 13- A breakthrough in trade talks between India and the United States is a significant step in efforts to get the world trading system "back on track", World Trade Organization Director General Roberto Azevedo said on Thursday.

  • NEW DELHI/ WASHINGTON, Nov 13- India won U.S. support for a massive domestic food stockpiling scheme on Thursday, rescuing the biggest global trade deal in two decades and giving new Prime Minister Narendra Modi a victory without major concessions. Under the pact with Washington, India will lift a veto on a global agreement on streamlining customs rules that is...

  • USTR SAYS AGREED BALI DEAL SHOULD BE IMPLEMENTED WITHOUT CONDITIONS, WTO MEMBERS WILL NOT CHALLENGE FOOD SECURITY PROGRAMS UNDER WTO DISPUTE SETTLEMENT PROCEDURES UNTIL PERMANENT SOLUTION FOUND.

  • TRADE REPRESENTATIVE SAYS AGREEMENT WITH INDIA TO MOVE FORWARD WITH FULL IMPLEMENTATION OF BALI AGREEMENT SHOULD GIVE NEW MOMENTUM TO MULTILATERAL EFFORTS AT THE WTO.

  • UPDATE 1-India to announce WTO breakthrough - sources Wednesday, 12 Nov 2014 | 11:31 PM ET

    NEW DELHI, Nov 13- A breakthrough is expected in talks between India and the World Trade Organization to end a deadlock on implementing a deal struck last year to facilitate global trade, two sources close to the talks said on Thursday. India's trade minister Nirmala Sitharaman was due to give a statement shortly, a government official in New Delhi said.

  • JAKARTA, Nov 12- Indonesia's new government is launching a bid to convince sceptical foreign investors to pour billions of dollars into improving the country's dilapidated infrastructure, promising to reduce corruption and bureaucracy. Widodo, who started a five-year term on Oct. 20, used his first foreign trip to try to repair Indonesia's poor reputation,...

  • BUSINESS-NEWS-SCHEDULE AT 2130 GMT / 4:30 PM ET Sunday, 9 Nov 2014 | 4:51 PM ET

    BEIJING- The risks faced by China's economy are not that scary and the government is confident it can head off the dangers, President Xi Jinping tells global business leaders in an effort to dispel worries about the world's second-largest economy. As Obama visits Asia, old alliances face new strains in face of China's influence. WASHINGTON/ JAKARTA- As President...

  • US alliances in Asia strained amid China's influence Saturday, 8 Nov 2014 | 9:57 PM ET
    President Barack Obama speaking at the White House, November 5, 2014.

    As Washington seeks to expand American interests in Asia, some U.S. partners have shown less willingness to challenge Beijing.

  • It includes deployment of American Marines in Darwin, Australia, stepped up U.S. naval visits to the Philippines and many more joint drills with that nation's armed forces, as well as the lifting of a ban on lethal weapons sales to Vietnam. But just as Washington seeks to expand American interests in Asia as a counterpoint to China's growing influence, some U.S....

  • OSAKA, Nov 7- For the first time in its 92- year history, Japanese snacks maker Ezaki Glico is getting serious about growing overseas, aiming to fatten its Pocky biscuit into a $1 billion brand to rival global giants such as Hershey's and Oreo. "The hurdles are high, but if they succeed it would mean a huge boost to profits," said Tomonobu Tsunoyama, senior analyst at...

  • Indonesian Fin Min: We can achieve 7% growth     Wednesday, 5 Nov 2014 | 8:05 PM ET

    Bambang Brodjonegoro, Minister of Finance of Indonesia, is confident that Indonesia can see 7 percent as early as 2015, despite GDP data hitting a five-year low in the third quarter.