Bob Turner, Turner Investment Partners, explains why he is bullish on Turkey, Indonesia, Mexico and the Philippines.» Read More
JAKARTA, May 18- Freeport McMoRan Copper& Gold Inc said on Saturday that rockfalls were hampering rescue efforts after a tunnel collapse four days ago at its giant Indonesian copper mine, with hopes fading of finding alive any of the 23 still missing.
Bob Turner, Turner Investment Partners, explains why he is bullish on Turkey, Indonesia, Mexico and the Philippines.
Maritime pirates are honing their tactics and beefing up their weaponry. Here are the world’s most pirate-infested waters, and learn about individual attacks from each place.
*Tension between union, Freeport could spook investors. JAKARTA, May 17- Freeport McMoRan Copper& Gold Inc's Indonesian copper mine should remain closed for an investigation into a tunnel collapse that has left five dead and 23 missing, a trade union leader said on Friday.
*Industry cuts will help lift price above $2,000/ tonne. *China market in balance, little likelihood of exports soon. RUSAL estimates a fifth of global production outside China is loss-making, even with demand expected to grow 6 to 7 percent in 2013..
GENEVA, May 15- Argentina has launched a dispute against the European Union at the World Trade Organization, challenging rules for importing and marketing biodiesel applied by Spain, Belgium, France, Italy and Poland, the WTO said on Wednesday.
*Lion Air boss dismayed by recommendations. May 15- Investigators have raised questions over training and cockpit procedures at Indonesian budget carrier Lion Air after a preliminary report into a crash last month off Bali found the captain was not at the controls at a "critical time".
May 15- Indonesia's largest low-cost carrier Lion Air has been criticised after a preliminary investigation into last month's Boeing 737 crash off Bali found a young, second-in-command pilot was at the controls at a "critical time".
May 15- Indonesia's transport safety authority recommended that Lion Air address safety issues in pilot training in a preliminary report into last month's crash of a new Boeing 737-800 into the sea off Bali, without identifying an exact cause.
SINGAPORE, May 14- Investors are becoming increasingly picky about which bonds and stocks they buy in Southeast Asia's fast-growing economies as the risk of policy bungling makes them more discerning.
NEW DELHI, May 13- India's Goa state expects court approval to resume by year-end the production and export of iron ore from mines with a capacity of about 40 million tonnes as it has taken steps to rectify problems that led to a mining ban eight months ago, a state bureaucrat said.
JAKARTA, May 13- Indonesia's president plans this week to name a new finance minister to oversee Southeast Asia's largest economy, acting finance minister Hatta Rajasa said on Monday, with Investment Chief Chatib Basri seen as the leading contender.
JAKARTA, May 13- Indonesia's president plans this week to announce a new finance minister to oversee Southeast Asia's largest economy, acting finance minister Hatta Rajasa said on Monday. Investment chief Chatib Basri is the leading contender to replace Rajasa, who took over as acting finance minister last month.
LAUNCESTON, Australia, May 13- India's record coal imports in the past fiscal year, and the virtual certainty they will rise again this year, look bullish for coal markets, but the likelihood is only a select few producers will benefit.
SINGAPORE, May 13- Following is a table of planned Asian naphtha crackers and European/U. Table 1: New naphtha/gas crackers in Asia. Table 2: Upcoming expansions in Asia.
*Copper has recovered some 9 pct from April lows. LONDON, May 10- Copper gained ground on Friday, recording its third successive weekly gain as global inventories kept falling and further improvements emerged in economic data, though gains were limited by a firmer dollar.
*Shanghai copper stocks fall 8.8 pct in past week. *Copper has recovered 8 pct from April lows. LONDON, May 10- Copper dipped on Friday as the dollar index rose, but was still headed for its third successive weekly gain as global inventories kept falling and further improvements emerged in economic data.
JAKARTA, May 10- The president of Indonesia, home to the world's third-largest tropical forests and a powerful palm oil industry, has agreed to extend a ban on forest clearing, a government official said on Friday.
JAKARTA, May 10- China National Offshore Company, China's largest offshore oil and gas producer, will increase the price it pays for gas from BP's Tannguh project in Indonesia, the head of Indonesia's energy regulator said on Friday.
*Australia, Korea cut rates, NZ intervenes. Fears that a global currency war is brewing were fuelled when the Reserve Bank of Australia and Bank of Korea both cut interest rates this week, citing the strength of their currencies as one of the reasons to act.