The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
While the UAW has rejected the offer and sent roughly 48,000 of its workers out on strike, the EV truck is widely expected to remain part of an eventual settlement.Autosread more
While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
The new chief of the Federal Aviation Administration says he plans to test out Boeing's software changes to the 737 Max in a simulator.Airlinesread more
SINGAPORE & LONDON, 11 January 2016 - CNBC, First in Business Worldwide, and PT Trans Media Corpora are pleased to announce a strategic partnership that will see the creation of CNBC Indonesia, a dedicated business and financial TV and digital news service. The service, in Bahasa Indonesia, will bring CNBC's unrivalled content to the growing business community in South East Asia's largest economy and the world's fourth most populous country.
The partnership was signed in Jakarta by Mark Hoffman, Chairman of CNBC and Chairul Tanjung, Founder & Chairman of PT Trans Media Corpora's parent company, CT Corp.
"This collaboration with Trans Media is a strong addition to the suite of strategic partnerships underpinning CNBC's emerging markets strategy. We are pleased to bring CNBC's unique and robust content proposition to millions of Indonesians in their local language, further opening the world of international business and finance to a growing economic powerhouse," said Hoffman.
"The primary objectives of the CNBC Indonesia venture are to facilitate global business conversations in Bahasa Indonesia, to educate our growing middle class, and to facilitate better information flow for decision making. This will help realize the full potential of the capital markets and businesses, accelerating the economic development of Indonesia," added Tanjung.
Specific launch dates for the digital and TV services are expected to be announced later this year.
Communications Manager, CNBC Asia Pacific
D: +65 6326 1123
M:+65 9852 8630
A Hadiansyah Lubis
Vice President Marketing Public Relations, PT Trans Media Corpora
D:+62 21 7917 7000
M:+62 823 0823 9021
CNBC is the leading global broadcaster of live business and financial news and information, reporting directly from the major financial markets around the globe with three regional networks including CNBC in Asia, CNBC in EMEA and CNBC in the US. CNBC.com is the preeminent financial news source on the web, featuring an unprecedented amount of video, real-time market analysis, web-exclusive live video and analytical financial tools. CNBC is dedicated to CEOs, senior corporate executives; the financial services industry and private investors. The channel is available in 386 million homes worldwide. CNBC is a division of NBCUniversal.
For more information on CNBC, please visit www.cnbc.com
About Trans Media Corpora
PT Trans Media Corpora (Trans Media) is Indonesia's leading integrated media group. It consists of Trans TV and Trans 7, leading free-to-air television stations; TransVision, the second largest pay TV operator in terms of number of subscribers; Detik, the #1 online news portal; and CNN Indonesia.