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Indonesia

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  • BEIJING— Chinese stocks fell Tuesday despite government intervention and other global markets were mixed as Greece's spiraling crisis kept investors on edge. Britain's FTSE 100 shed 0.2 percent to 6.521. 87. On Monday, the DAX lost 1.5 percent, the CAC-40 declined 2 percent and Britain's FTSE 100 was off 0.8 percent.

  • REUTERS BUSINESS NEW SCHEDULE AT 1500 GMT/11 AM ET Monday, 6 Jul 2015 | 11:06 AM ET

    NEW YORK- Aetna Inc Chief Executive Officer Mark Bertolini says he is confident that an antitrust review of its proposed purchase of Humana Inc will allow the deal to close in the second half of 2016, seeking to allay investor concerns of significant regulatory hurdles. ATHENS/ FRANKFURT- Greece's outspoken finance minister resigns, removing a major obstacle...

  • JAKARTA, July 3- Indonesia's communications ministry has appealed to the country's Supreme Court against PT Bakrie Telecom Tbk's debt restructuring, a minister told Reuters on Friday. Bakrie Telecom, part of the heavily indebted Bakrie Group, held a creditors' vote last year on its restructuring proposal, which was then validated by a Jakarta court.

  • What's next for China's 'World Bank'? Tuesday, 30 Jun 2015 | 10:00 AM ET
    Jin Liqun, left, current secretary general of the Multilateral Interim Secretariat of Asian Infrastructure Investment Bank, shakes hands with China's Finance Minister Lou Jiwei ahead of a signing ceremony of articles of agreement of the AIIB, at the Great Hall of the People in Beijing, June 29, 2015.

    How China's new Asian Infrastructure Investment Bank can rival the West's World Bank, says Curtis Chin.

  • JAKARTA, Indonesia— An Indonesian air force Hercules C-130 plane with 12 crew aboard has crashed into a residential neighborhood in the country's third-largest city Medan. Adam Malik hospital spokeswoman Sairi M. Saragih said Tuesday the hospital had received five bodies so far. An Indonesian air force Hercules C-130 plane with 12 crew aboard crashed...

  • China to have largest share in AIIB, followed by India. SHANGHAI/ BEIJING, June 28- One of China's biggest ever foreign policy successes will take concrete shape on Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank in Beijing. The multilateral institution, seen as a rival to the Western-dominated World Bank...

  • GMT: AirAsia needs to raise $1.9B Tuesday, 23 Jun 2015 | 11:59 PM ET

    The negative analyst report that decked AirAsia shares finally went into wide release, accusing the airline of being a "new dog playing old tricks."

  • JAKARTA, June 23- Nationalistic policies imposed by Indonesia's previous administration- including a ban on unprocessed mineral exports- threw the resources sector into turmoil last year. Indonesia's resources sector contributed about 12 percent of GDP last year, or about $101 billion, but investment slipped and the ban on exporting minerals cost $6...

  • *Indonesian group to launch nationalist economic movement. *Muhammadiyah is country's second-largest Islamic group. PALEMBANG, Indonesia, June 23- Fed up with capitalists plundering Indonesia's riches, members of the country's second-largest Islamic group have drawn up plans to launch a "people's power" movement.

  • Jobless in Jakarta: the big challenge facing Jokowi Sunday, 21 Jun 2015 | 9:01 PM ET

    Indonesian companies are shedding jobs as they grapple with the weakest economic growth in six years, adding to the troubles facing President Joko Widodo.

  • JAKARTA, June 21- Indonesian companies are shedding jobs as they grapple with the weakest economic growth in six years, adding to the troubles facing President Joko Widodo, who was elected last year on pledges to dig the country out of a rut. Young people are being hit hardest; the International Labor Organization estimated the youth jobless rate was more than 20...

  • The most prudent course of action for BI is... Thursday, 18 Jun 2015 | 12:05 AM ET
    The most prudent course of action for BI is...

    Wellian Wiranto, economist at OCBC, says Bank Indonesia (BI) should stand pat on monetary policy due to issues surrounding inflation and the country's current account deficit.

  • JAKARTA, June 17- Singapore- listed palm giant Golden Agri-Resources has renewed its commitment to sustainability to address customer concerns after an international body accused one of its Indonesian subsidiaries of breaching land acquisition rules. Last month, a Golden Agri subsidiary was ordered by the Roundtable on Sustainable Palm Oil to halt buying...

  • *Number of ship attacks in Asia is rising- ReCAAP. KUALA LUMPUR/ SINGAPORE, June 15- A small oil tanker was hijacked off the southeast coast of Malaysia over the weekend in the second such incident in the same area this month, raising further concerns over piracy in Southeast Asia, maritime officials said on Monday. The Malaysian Maritime Enforcement Agency said the...

  • JAKARTA, June 15- Indonesia data contained the good news that the country's wide current account most likely is narrowing, but Monday also produced evidence that consumer demand is much weaker than expected ahead of the biggest shopping season. May produced a large trade surplus of $950 million, instead of $410 million seen in a Reuters poll, and that should help...

  • Indonesia to remove luxury goods tax: Minister Thursday, 11 Jun 2015 | 10:08 PM ET

    Indonesia is exempting most goods from a luxury tax to boost household consumption and revive faltering economic growth, the finance minister said.

  • NUSA DUA, Indonesia, June 10- The coal industry always seems to be looking for a white knight to rescue it from some crisis, and it is perhaps ironic that Indonesia, the world's largest exporter, is the next great hope that is to save global miners from the current supply glut. The theory is that as Indonesia ramps up domestic coal-fired power generation, it will rotate...

  • Are Asia’s markets facing a 'hike hissy'? Tuesday, 9 Jun 2015 | 7:26 PM ET

    Markets across Asia have dropped precipitously, but it's more of a hike hissy than a replay of the taper tantrum rout two years ago, analysts said.

  • Falling yen raises specter of "currency war" in Asia Tuesday, 9 Jun 2015 | 5:00 PM ET

    SINGAPORE, June 10- From South Korea to Indonesia and India, monetary authorities are preparing to let their currencies weaken as a falling Japanese yen makes their economies uncompetitive, and drags them into what some policymakers are calling a "currency war." An adviser to India's finance minister said the country's export growth was flailing not just...

  • How Bali inspired this Singaporean architect Monday, 8 Jun 2015 | 5:50 AM ET
    How Bali inspired this Singaporean architect

    This episode of "First Class" features Singapore-based architect Soo K. Chan who drew inspiration from Bali to create his luxury resort, Alila Villas Soori.