Vera Eve Lim, CFO at Bank Danamon Indonesia, explains why the lender saw a 13 percent drop in first-quarter earnings.» Read More
LONDON, April 3- Global private equity firm KKR has bought $150 million worth of shipping loans from two European banks amid a surge of interest in the industry as world trade in goods picks up along with the global economy.
NEW YORK/ LONDON/ BEIJING, April 1- Manufacturing in Asia and Europe finished the first quarter on a weaker note but activity in the United States remained relatively steady, suggesting severe winter weather in North America had only a modest effect on U.S. factories.
LONDON/ BEIJING, April 1- Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may be forced to act in coming months to prop up faltering growth.
*China, Indonesia manufacturing PMIs hit multi-month lows. *Japan business outlook weaker as sales tax rises. BEIJING/ TOKYO, April 1- Asia's major economies finished the first quarter on a weak note with manufacturing surveys in China and Japan fuelling expectations that policymakers will be forced to act in coming months to prop up faltering growth.
Lito Camacho, Vice Chairman, Asia Pacific at Credit Suisse, says there is a high likelihood that candidate Joko Widodo will win, which will lift market confidence and potentially lead to an upgrade.
JAKARTA, March 31- Dressed in the style of Indonesia's first leader, even using replica 1950 s microphones, presidential hopeful Prabowo Subianto roared to thousands of supporters at a recent rally in the capital: " Indonesia cannot be bought".
Stocks could climb 10 to 15 percent this year, Pimco's deputy CIO and global head of equities says.
CNBC's Asia Squawk Box team and Tony Nash, Vice President of IHS, discuss the performances of Asia's major equity markets so far in 2014.
*U.S. govt suspects bribery in China, India- filings. PARIS/ WASHINGTON, March 27- Alstom shares fell sharply on investors' fears that the French engineering firm could face a heavy fine from the U.S. Justice Department as a result of a bribery investigation that has spread across Asia.
JAKARTA, March 27- Indonesia has reached a deal over export taxes with U.S. mining company Freeport-McMoRan Copper& Gold Inc, allowing nearly $4 billion worth of annual copper shipments to resume as early as next month.
*Alstom posts steepest loss on CAC 40. PARIS, March 27- Shares in Alstom fell on Thursday on the prospect that the French engineering firm could face hefty penalties from the U.S. Justice Department in a bribery probe focused on Asia.
Prakriti Sofat, Regional Economist at Barclays, discusses Jakarta Governor Joko Widodo's announcement that he is keen to contest in the upcoming presidential elections.
*Newmont says still shipping to Indonesia's Gresik copper smelter. JAKARTA, March 26- Newmont Mining Corp has not cut output at its Indonesian copper and gold mine, a spokesman at the Denver- based company said on Wednesday, denying government claims earlier in the day that its production had been slashed.
*Factory output in China fells to eight month low in March. *Premiums for China bonded copper stocks drop $5 to $95/ 115- Shmet. LONDON, March 24- Copper steadied on Monday as investors saw last week's fall to 3-1/ 2 year lows as overdone, and as the latest batch of weak data from China spurred hopes that authorities would introduce measures to support the economy.
*Factory output in China fells to eight month low in March. *Premiums for China bonded copper stocks drop $5 to $95/ 115- Shmet.
*Premiums for China bonded copper stocks drop $5 to $95/ 115- Shmet. SYDNEY, March 24- London copper recouped early losses on Monday as hopes grew that China would step in to support its economy after a private survey showed expansion in factories slowed for a fifth month in March.
SYDNEY, March 24- London copper slipped on Monday after growth in China's factories slowed for a fifth month, while worries about the health of its credit markets also clouded the demand outlook. *The most-traded June copper contract on the Shanghai Futures Exchange slipped by 0.4 percent at 44,960 yuan a tonne.
Iwan Aziz, Head of Office of Regional Economic Integration at Asian Development Bank, says Indonesia is vulnerable to the Fed's rate hikes, due to a high foreign ownership of its sovereign bonds.
Lewis Kaufman of Thornburg Investment Management gives his top picks for emerging markets with the greatest potential.
JAKARTA, March 19- Rusdi Kirana, chief executive of Indonesia's largest privately run airline Lion Air, is about to embark on a political career with the unlikeliest of partners, but that won't deter him from growing his business at one of the world's most ambitious paces.