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.
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.
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.
BANGKOK-- Asian 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.
Vera Eve Lim, CFO-Director, Bank Danamon Indonesia expects Indonesia's banking industry to continue its strong growth. She explains why.
First Solar Inc. and PT. First Solar said that Indonesia has an increasingly urgent need for reliable, cost-effective energy resources and the company believes the market has great potential to make solar power part of that mix. Shares of First Solar jumped $1.84, or more than 8 percent, to close at $24.09.
Ismael Pili, Head of Financials Research, Asia, Macquarie Securities said Asian banks are growing their market share even as their Western counterparts continue to deleverage.
BANGKOK-- European stocks rose and some Asian markets staged a comeback Monday as investors looked ahead to the release of U.S. earnings reports and Softbank's $20 billion deal for Sprint showed optimism amid economic turbulence.
KUALA LUMPUR, Malaysia-- Southeast Asia's top budget carrier AirAsia said Monday it has aborted an $80 million deal to buy Indonesia's Batavia Air because it will be too risky for shareholders. Our aggressive focus in Indonesia remains and we will push our Indonesian IPO plans while still maintaining close co-operation with Batavia Air. "
GENEVA, Oct 12- West African crude oil differentials were assessed slightly lower on Friday as traders reported slow sales for the remaining November cargoes due partly to Chinese refinery outages.
LONDON, Oct 12- Asian spot prices of liquefied natural gas steadied this week amid early signs that potential supply disruption from Nigeria and Indonesia may offset weak Japanese demand.
BANGKOK, Oct 12- Most Southeast Asian stocks posted small gains on Friday as large caps and stocks such as Wilmar International. The index was down 2.13 percent on the week, its worst weekly loss since May and Southeast Asia's worst performing market. Among weak spots, Malaysia eased 0.13 percent on Friday, down 0.4 percent on the week.
BALI, Indonesia-- A decade after bombs ripped through two Bali nightclubs, Friday was filled with reminders of what was lost in this tropical paradise, and what was not.
JAKARTA, Oct 12- Indonesia's Tangguh oil and gas project, operated by British energy giant BP, faces production delays that could hamper its capacity to deliver cargoes of liquefied natural gas, the state oil and gas regulator said.
JAKARTA, Oct 12- Inflation in Indonesia, Southeast Asia's biggest economy, will be lower than 4.6 percent this year, Central Bank Director Perry Warjiyo said on Friday.
Coal miner PT Berau Coal soared as much as 20 percent to 240 rupiah, following Bakrie Group's proposal to buy back its shares from London- listed parent company, Bumi Plc. Miner PT Bayan Resources Tbk jumped 9.1 percent to 12,000 rupiah and shares of Asia's biggest thermal coal exporter, Bumi Resources jumped as much as 5.55 percent to 760 rupiah.