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Indonesia

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  • Why Indonesia needs slower growth     Monday, 4 Aug 2014 | 11:10 PM ET

    Taimur Baig, Chief Economist for Asia at Deutsche Bank, says slower growth will help Indonesia's current account deficit.

  • *India blocked WTO treaty on simplifying global customs rules. *India is largely excluded from a rush to negotiate in smaller groups. GENEVA, Aug 4- India has dealt a potentially fatal blow to the World Trade Organization's hopes of modernising the rules of global commerce and remaining the central forum for multilateral trade deals.

  • *Comment comes after India derails global trade talks over food security objections. NEW DELHI/ GENEVA, Aug 1- India is willing to sign a global trade deal, which it has torpedoed, if other World Trade Organization members can agree to its parallel demand for concessions on stockpiling food, senior officials in New Delhi said on Friday.

  • *India derails global trade talks over food security objections. Secretary of State John Kerry told Prime Minister Narendra Modi on Friday that India's refusal to sign a global trade deal sent the wrong signal, and he urged New Delhi to work to resolve the row as soon as possible.

  • *India derails global trade talks over food security objections. *Bloc of member states could exclude India and forge ahead.

  • SYDNEY/ GENEVA Aug 1- Several member states of the World Trade Organization voiced frustration after India's demands for concessions on agricultural stockpiling led to the collapse of the first major global trade reform pact in two decades.

  • *India digs in heels on agriculture stockpiling demands. NEW DELHI/ GENEVA, July 31- The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling.

  • *India digs in heels on agriculture stockpiling demands. NEW DELHI/ GENEVA, July 31- The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling.

  • PARIS, July 31- U.S. private equity firm Catterton Partners has acquired Bali- inspired jeweller John Hardy for an undisclosed sum, closing a transaction that took months to negotiate.

  • *India digs in heels as WTO trade deal deadline looms. NEW DELHI/ SYDNEY, July 31- The United States said on Thursday it was hopeful that differences between India and much of the rest of the world over a major trade agreement could be resolved in time, with only hours remaining before the deal has to be signed.

  • Secretary of State John Kerry, who arrived in India on Wednesday for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance economic liberalisation.

  • NEW DELHI, July 29- With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling. Party officials are confident New Delhi's tough line at World Trade Organization talks in Geneva will accomplish that.

  • FACTBOX-India's food stockpiling and WTO stand-off Tuesday, 29 Jul 2014 | 8:44 AM ET

    July 29- India threatened to block a worldwide reform of custom rules last week, saying it wants an agreement on food subsidies and stockholding to run parallel to the trade facilitation pact.

  • NEW DELHI, July 29- With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling. Party officials are confident New Delhi's tough line at World Trade Organization talks in Geneva will accomplish that.

  • JAKARTA, July 25- Freeport-McMoRan Inc clinched a deal with the Indonesian government on Friday allowing the miner to resume copper concentrate exports from the country, effectively ending a six-month tax dispute and paving the way for more miners to follow suit.

  • Trade Representative Michael Froman said on Friday backsliding on a World Trade Organization deal struck in Bali last December threatened a serious blow to the credibility of the global trading system.

  • JAKARTA, July 25- Indonesia's outgoing president is in talks with his successor to increase heavily subsidised fuel prices before the new leader takes power, two sources close to the matter told Reuters. Subsidies are seen by many as the most urgent issue facing Southeast Asia's biggest economy.

  • GENEVA, July 24- India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically.

  • *Indonesia to revise rules on mineral export taxes next month. LONDON, July 24- Copper climbed to its highest level in 10 days and zinc hit a near three-year peak after better-than-expected Chinese factory data calmed fears about economic growth in the world's biggest metals consumer.

  • JAKARTA, July 24- Indonesia will revise its rules on mineral export taxes next month, paving the way for the country's multi-billion dollar mining industry to resume full production after months of layoffs and stalled output, a senior official said on Thursday.