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Indonesia

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  • 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.

  • Asia shares rise as Ukraine plane tensions ease Monday, 21 Jul 2014 | 12:04 AM ET

    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.

  • Distraught Dutch mother: 'Send my children home' Sunday, 20 Jul 2014 | 5:33 AM ET

    THE HAGUE, Netherlands— A distraught, grieving mother summed up a swelling mood of despair and anguish in the Netherlands on Sunday at faltering efforts to repatriate the bodies of loved ones killed in the downing of Malaysia Airlines Flight 17, appealing directly to Russian President Vladimir Putin to return the bodies of her son and his girlfriend.

  • Concerns mount over India's stance on global trade pact Saturday, 19 Jul 2014 | 7:57 AM ET

    India is the most prevalent among a group of developing nations angry at rich countries for failing to address their concerns about a deal on trade facilitation- struck by WTO member states in Bali last year- that must be detailed by a July 31 deadline.

  • JAKARTA, July 18- Indonesia has resumed some exports of metal ore concentrates after two firms gained permits to ship iron ore, zinc and lead, a mining ministry official said, the first shipments of their kind since the country changed its export rules in January.

  • WASHINGTON, July 17- A former vice president of Alstom SA's U.S. unit pleaded guilty on Thursday over his role in a scheme to bribe Indonesian government officials to win a $118 million power project there, the U.S. Department of Justice said.

  • JAKARTA, July 17- Newmont Mining risks its Indonesian mining licence being taken over by a state-owned firm if the U.S. miner does not resume copper production, the Southeast Asian nation warned, escalating a six-month dispute over export rules.

  • Chemical fumes sicken 139 people near Thai seaport Thursday, 17 Jul 2014 | 6:25 AM ET

    BANGKOK— Fumes from a chemical leak on a ship at a Thai seaport spread inland on Thursday, sickening 139 people, including schoolchildren, authorities said.

  • WASHINGTON, July 16- The United States will insist that India and other World Trade Organization members stick to promises around a global deal to lower trade barriers and speed up the passage of goods through customs, a top trade official said on Wednesday.

  • WASHINGTON, July 16- The United States will insist that fellow World Trade Organization members stick to promises around a global deal to lower trade barriers and speed up the passage of goods through customs, a top trade official said on Wednesday.

  • U.S. to press for Bali trade deal to proceed as promised Wednesday, 16 Jul 2014 | 10:00 AM ET

    WASHINGTON, July 16- The United States will insist that fellow World Trade Organization members stick to promises around a global deal to lower trade barriers and speed up the passage of goods through customs, a top trade official said on Wednesday.

  • JAKARTA, July 16- Indonesia's likely next president signaled a conciliatory approach to the country's contract dispute with Newmont Mining Corp a day after the outgoing government threatened to end the U.S. miner's contract over a legal challenge.

  • 'Lot of value' in Indonesian bonds: Pro     Wednesday, 16 Jul 2014 | 2:15 AM ET

    Rajeev De Mello, head of Asian fixed income at Schroders, says there is a lot of value to be found Indonesian government bonds, and advises taking a medium-term view to deal with volatility.

  • JAKARTA, July 15- Indonesia could terminate Newmont Mining Corp's copper mine contract if the U.S.-based firm does not withdraw a legal challenge to the country's export taxes, a government official said on Tuesday. The firm, along with U.S. miner Freeport-McMoRan Copper& Gold, has halted copper exports for the last six months.

  • Leaders of the BRICS group- Brazil, Russia, India, China and South Africa- are meeting in Brazil this week to launch a development bank and emergency reserves fund that would loosen the stranglehold that Western-run multilaterals have had over global finances since the end of World War Two. >China pushes for developing world rights at BRICS summit.

  • The deal struck in December in Bali to lower trade barriers was the World Trade Organization's first global agreement since it was created in 1995 and revived global talks after the failure of the Doha round.

  • John Caparusso, MD & Head of Banks Research at Standard Chartered Bank, says the country's new banking bill is "a normal part of risk management."

  • FORTALEZA, Brazil, July 14- The BRICS group of emerging market nations is confident a global trade reform pact will be implemented despite concerns by India over its food security, Brazil's trade minister said on Monday.

  • Why Indonesia needs to cut fuel subsidies     Monday, 14 Jul 2014 | 8:47 PM ET

    Vera Eve Lim, CFO of Bank Danamon, says a cut in the government's fuel subsidy program needs to be done even if it means short-term pain.