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Asia Top News and Analysis Indonesia

  • SINGAPORE, Oct 26- Gold dropped more than half a percent in volatile trade on Friday, heading for its third week of decline after shares fell in Asia and the U.S. dollar firmed, while persistent fears about the health of the global economy also dragged. Gold hit a high for the day at $1,714.65 an ounce before slipping to $1,702.96 by 0618 GMT, down $8.23.

  • *Gold seen trading in $1,700- $1,740 range next week. SINGAPORE, Oct 26- Gold was a tad higher on Friday but heading for its third week of decline after shares inched lower in Asia, the U.S. dollar firmed, and fears about the health of the global economy lingered.

  • Oct 26- Japanese retailer Aeon Co is set to acquire France- based Carrefour SA's Malaysian business for slightly more than 20 billion yen as part of its push into Southeast Asia, the Nikkei said. Carrefour made the announcement two years after it unsuccessfully tried to sell its operations in Singapore and Malaysia.

  • LONDON, Oct 25- Copper steadied on Thursday as a commitment by the U.S. Federal reserve to stimulate growth, and encouraging data from the United States as well as from top metals consumer China were offset by a stronger dollar. Benchmark copper on the London Metal Exchange ended at $7,815 a tonne, from a close of $7,817 on Wednesday.

  • *$139 billion in dry powder in Asia, $130 bln new funds being raised-Preqin. Kravis, who co-founded KKR& Co LP in 1976 with his cousin George Roberts and colleague Jerry Kohlberg, was in Singapore to open the firm's new office there- its seventh in Asia since entering the region in 2005..

  • Gold had risen $8.27 to $1,710.20 an ounce by 0556 GMT. It fell to a 7- week low of around $1,698 on Wednesday soon after the Fed said it was sticking to its plan to keep stimulating growth until the job market improves. ``I think $1,700 is still quite a key support level.

  • *$139 billion in dry powder in Asia, $130 bln new funds being raised-Preqin. HONG KONG, Oct 25- The public appearance of Henry Kravis at KKR's new Singapore office underscores the private equity industry's growing interest in Southeast Asia, at a time when regional funds are growing and deal volumes are falling.

  • *$139 billion in dry powder in Asia, $130 bln new funds being raised-Preqin. HONG KONG, Oct 25- The public appearance of Henry Kravis at KKR's new Singapore office underscores the private equity industry's growing interest in Southeast Asia, at a time when regional funds are growing and deal volumes are falling.

  • *China, Taiwan, Australian companies see dismal earnings. That compares to dreary corporate profits in China and others in the Asia-Pacific region, like Australia, that depended heavily on the now weakened buying power of major economies such as China.

  • GENEVA, Oct 24- Global trade in commercial services such as tourism and air travel showed zero growth in the second quarter of 2012 as the Europe Union's appetite shrank 7 percent, preliminary trade figures showed on Wednesday. The Europe- led slowdown follows a Europe- led boom a year ago.

  • *Group beer volumes fall in western Europe, rise elsewhere. *Shares down 2.6 pct, among weakest in Europe. BRUSSELS, Oct 24- Heineken NV, the world's third-largest brewer, reported stronger than expected third-quarter group revenue on Wednesday, boosted by U.S. and emerging market strength and price hikes, but investors focused on weakness in Europe.

  • SEATTLE-- About a thousand more international students are enrolled at the University of Washington's Seattle campus this fall, but school officials say that doesn't mean they have cut back on the number of in-state students at the state's most selective public university.

  • *STR20 transacted at $2.93- $3.04, RSS at $3.15- $3.20/ kg. SINGAPORE, Oct 24- Tyre grades changed hands in a series of overnight deals but many buyers from top consumer China stayed away, waiting for prices to fall further on lingering worries about the health of the global economy, dealers said on Wednesday.

  • SINGAPORE, Oct 24- Gold trimmed gains Wednesday after early bargain hunting tapered off and worries about the global economy resurfaced, but festive demand from top consumer India could help shore up prices.

  • Investors Flocking to Frontier Markets: Expert

    Sarah Alexander, CEO of Emerging Markets Private Equity Association, tells CNBC investors now have the confidence to look into new, 'frontier' private equity markets such as Latin America, Turkey, and Indonesia.

  • Microsoft also disappointed with its latest update, contributing to a broad retreat in technology stocks, as did McDonald's and General Electric. By the time markets closed in Europe, Germany's DAX was down 0.8 percent at 7,380 while the CAC-40 in France fell 0.9 percent to 3,504. The FTSE 100 index of leading British shares was 0.3 percent lower at 5,896..

  • Britain's FTSE 100 lost 0.1 percent to 5,910.04 in early trading. Microsoft said net income fell a worse-than-expected 22 percent to $4.47 billion in the fiscal first quarter, which ended Sept. 30. BB&T bank, Philip Morris International and Boston Scientific also reported results that fell short of forecasts.

  • Markets in mainland China, Singapore, Thailand, Indonesia and India were down. Microsoft said net income fell a worse-than-expected 22 percent to $4.47 billion in the fiscal first quarter, which ended Sept. 30. Microsoft shares fell in after-hours trading.

  • BANGKOK-- Stock markets rose Thursday after an unexpectedly strong U.S. housing report renewed confidence in the world's biggest economy and the latest data from China suggested the worst of its slump is over.

  • Jakarta

    From weddings to funerals and iPhones to cars, emerging middle-class consumers in Makassar and Indonesia’s other booming second-tier cities are increasing their spending, and investors are stepping up their efforts to exploit these fast-growing and relatively untapped markets. The FT reports.