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  • JAKARTA, Sept 2- Indonesia will pledge to increase its commitments on cutting greenhouse gas emissions growth by 29 percent by 2030, the environment and forestry minister said on Wednesday, but giving few details on how this would be done. Indonesia, ranked third in the amount of land covered by tropical forests and the world's top palm oil producer, is likely to...

  • *Indonesia is' racing against time'- president. JAKARTA, Sept 2- Indonesia's president on Wednesday promised quick and "massive deregulation" to attract much needed investment in Southeast Asia's largest economy. This is the latest move by President Joko Widodo to try to improve investor sentiment about Indonesia, which has soured recently due to slowing...

  • JAKARTA, Sept 2- Indonesia's president promised quick "massive deregulation" on Wednesday to improve investor sentiment in Southeast Asia's largest economy. "We need to carry out massive deregulation and introduce new regulations that will really create a good climate for the economy as soon as possible. We are racing against time, "President Joko Widodo said...

  • JAKARTA, Sept 2- Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next, the managing director of the International Monetary Fund said in Jakarta on Wednesday. "What has been demonstrated in the last few weeks is how much Asia is at the core of the global economy, and how much disruption in one market in Asia...

  • JAKARTA, Sept 2- Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next, the managing director of the International Monetary Fund said in Jakarta on Wednesday. "What has been demonstrated in the last few weeks is how much Asia is at the core of the global economy, and how much disruption in one market in Asia...

  • STOCKHOLM- Swedish Central Bank holds monetary policy meeting. Speakers:- International Monetary Fund Managing Director Christine Lagarde, Reserve Bank of India Deputy Governor Urjit Patel, Bank of Japan Deputy Governor Hiroshi Nakaso, Indonesia Finance Minister Bambang Brodjonegoro and IMF Monetary and Capital Markets Department Division Chief Ulric...

  • Speaking in a lecture at the University of Indonesia, Lagarde said the global economic situation will have a significant impact on developing countries, including Indonesia. She said Indonesia, like many emerging market economies, is being buffeted by another bout of global financial turbulence. The rupiah, Indonesia's currency, has fallen beyond 14,000 per...

  • BEIJING, Sept 1- China's gyrating stock market is likely to affect businesses, but the impact should be contained as the economy is still a developing one, an official at the country's top economic planner said on Tuesday. Remarking on a near 40 percent plunge in Chinese shares from a peak in mid-June, Ning Jizhe, vice chairman of the National Development and Reform...

  • US stocks open modestly lower, led by energy sector Monday, 31 Aug 2015 | 1:12 AM ET

    BEIJING— Global stocks mostly fell on Monday after a U.S. KEEPING SCORE: In Europe, France's CAC-40 fell 0.6 percent to 4,647.27 and Germany's DAX lost 0.5 percent to 10,245.92. The U.K. was closed for a holiday.

  • In private and in public at last week's global central banking conference in Jackson Hole, the message from visiting policymakers was that the Fed has telegraphed an initial monetary tightening and, following a year-long rise in the dollar, financial markets globally are as ready as they can be. But for Agustin Carstens, the top central banker in Mexico, a rate...

  • DIARY- Top Economic Events to Sept 12 Friday, 28 Aug 2015 | 8:01 PM ET

    ZURICH- Swiss National Bank head Thomas Jordan addresses a business gathering- 1600 GMT. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New York- 1710 GMT. TOKYO- Japan Economics Minister Akira Amari speaks at a seminar at...

  • DIARY- Top Economic Events to Sept 10 Thursday, 27 Aug 2015 | 8:01 PM ET

    EDINBURGH, Scotland- Bank of England's Executive Director of Prudential Policy David Rule at the Credit Scoring and Credit Control XIV Conference, University of Edinburgh. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New...

  • JAKARTA, Aug 27- Indonesia will soon unveil a policy package aimed at propping up the fragile rupiah and helping an economy growing at its slowest pace in six years, senior government officials said on Thursday. Governments and central banks across emerging markets are being forced into action to stem falls in their currencies, especially after China allowed...

  • US stocks open higher after Chinese market surges Thursday, 27 Aug 2015 | 3:29 AM ET

    BEIJING— China's main stock index surged 5.3 percent Thursday, its biggest gain in eight weeks, as markets across Asia advanced in the wake of Wall Street's rebound, giving investors some relief after gut-wrenching global losses. Elsewhere in Asia, Hong Kong's Hang Seng rose 2.9 percent to 21,697.31 and Tokyo's Nikkei 225 added 1.1 percent to 18,574.44.

  • JAKARTA, Aug 27- Indonesia on Thursday will unveil a policy package intended to prop up the rupiah, which hit another fresh 17- year low, and boost investment at a time Southeast Asia's largest economy faces its weakest growth in six years. Darmin Nasution, the coordinating minister for economics, announced the package was coming after he met President Joko...

  • DIARY- Top Economic Events to Sept 9 Wednesday, 26 Aug 2015 | 8:00 PM ET

    German Chancellor Angela Merkel, EU foreign policy chief Federica Mogherini, European Commission Vice President Maros Sefcovic, European Bank for Reconstruction and Development President Sir Suma Chakrabarti and prime ministers of Italy, Serbia, Slovenia, Croatia and Albania to attend. PARIS- European Central Bank board member Benoit Coeure speaks at the...

  • JAKARTA, Aug 26- East Timor will tap into its $16.6 billion oil fund to build the necessary infrastructure to attract non-energy investment, the prime minister said on Wednesday, as disputes over undeveloped gas fields look to remain unresolved for years. Even if an agreement can be reached with Woodside, the project could still be held up by a decades-long...

  • Aug 21- Steiner Leisure Ltd, an operator of spas on cruise ships and in hotels, will be taken private by private equity firm Catterton Partners for about $843 million. Catterton has investments in consumer companies including high-end home furnishings chain Restoration Hardware Holdings, restaurant operator Noodles& Co and toymaker Build-A-Bear Workshop.

  • ADDIS ABABA, Aug 20- Ethiopian Airlines is powering ahead with a plan to expand its fleet and route network after exceeding its profit target for the 2014/ 15 year, its chief executive said in an interview. Ethiopian Airlines flew six million passengers in the prior year, up from 5.22 million in 2012/ 13.. Ethiopian Airlines plans to increase revenue to $10 billion by...

  • SUKABUMI, Indonesia, Aug 20- Poor infrastructure makes stable pricing difficult at the best of times in Indonesia, but the rural poor are increasingly pinning the blame for wild fluctuations in the price of staples on the policies and unmet promises of President Joko Widodo. With Southeast Asia's biggest economy growing at its slowest pace in six years, and half...