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Asia Top News and Analysis Indonesia

  • JAKARTA/ TORONTO, Sept 29- Freeport-McMoRan Inc, the world's second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, the company said in a Sept. 28 letter to the state. Freeport, which agreed in late August to divest a 51- percent stake in its Indonesian operations to the government under a...

  • SINGAPORE, Sept 29- Southeast Asia is on the verge of a logistics "boom" thanks to e-commerce, but will require huge investment in cities and last-mile networks to cope, says Pierre Poignant, the man behind the systems that keep Alibaba-owned Lazada moving. Poignant, chief operating officer, said the Singapore- based marketplace, for its part, would continue to bet on...

  • As the Fed reduces its balance sheet, one "bad story" from emerging markets could send exchange rates moving rapidly, says IMA Asia's Richard Martin.

  • NEW YORK, Sept 27- Brent prices fell on Wednesday while U.S. crude rallied, after oil stockpiles in the world's top consumer unexpectedly drew down with refiners coming back online following Hurricane Harvey last month. Brent slipped from 26- month highs to settle down 54 cents, or nearly 1 percent, at $57.90 a barrel, while U.S. "The crude number was definitely...

  • NEW YORK, Sept 27- Brent prices fell on Wednesday while U.S. crude rallied, after crude stockpiles in the world's top oil consumer unexpectedly drew down with refiners coming back online following Hurricane Harvey last month. Brent slipped from 26- month highs to settle down 54 cents, or nearly 1 percent, at $57.90 a barrel, while U.S. "Gains in WTI oil prices will be...

  • NEW YORK, Sept 27- Global oil prices fell on Wednesday while U.S. crude rallied, after crude stockpiles unexpectedly drew with refiners coming back online following Hurricane Harvey last month. Both benchmarks remained on track for monthly gains on stronger demand as refiners along the U.S. Gulf Coast ramped up production after Harvey crippled capacity.

  • Brent November crude futures were down 13 cents at $58.31 a barrel by 1347 GMT, while U.S. Turkey's repeated threat to cut oil exports from the Kurdistan region in northern Iraq pushed the price close to $60 a barrel on Monday for the first time since June 2015. "With a high of $59.49, Brent has failed a first attempt at $60 and we will see if there is enough in the weekly...

  • Brent November crude futures were down 31 cents at $58.13 a barrel by 1055 GMT, while U.S. crude for November delivery was unchanged on the day at $51.88. Turkey's repeated threat to cut oil exports from the Kurdistan region in northern Iraq pushed the price close to $60 a barrel on Monday for the first time since June 2015. "With a high of $59.49, Brent has failed a...

  • Turkey's repeated threat to cut oil exports from the Kurdistan region in northern Iraq pushed the price close to $60 a barrel on Monday for the first time since June 2015. Brent November crude futures were down 14 cents at $58.30 a barrel at 0832 GMT, while U.S. crude for November delivery edged up 11 cents to $51.99. The Organization of the Petroleum Exporting...

  • *Weak euro boosts Europe shares after Asian bourses gain. *Copper gains before quarter-end and China holiday. LONDON, Sept 27- Rising expectations the U.S.

  • MELBOURNE, Sept 27- London copper hovered near its lowest since mid-August on Thursday, subdued by a stronger dollar and ongoing concerns over flagging economic growth in China. *London Metal Exchange copper edged up 0.2 percent to $6,424.50 a tonne by 0110 GMT, following a 0.6 percent loss in the previous session. *Shanghai Futures Exchange copper slipped by 0.6...

  • Emerging market currencies face 'big risk,' analyst says

    Monetary policy moves in developed markets present a 'big risk' to emerging market currencies, says Craig Chan of Nomura.

  • *Freeport agreed to give up majority ownership of mine. *Seen as victory for Indonesia in test of mining law. The framework agreement with Freeport on Aug 29 was seen as a victory for Indonesia and a political win for President Joko Widodo as the U.S.-based company agreed, among other measures, to cut its mine ownership from more than 90 percent to below 50 percent in...

  • Toto Nugroho of Pertamina talks about his expectations for oil prices and how developments in West Africa are of concern as they could result in supply risks.

  • It's not just security lapses that need patching in the U.S. credit reporting system, experts told CNBC.

  • *Review focuses on Indonesia, Malaysia, India, China, South Korea- Bloomberg. *Uber employee made improper payments to Jakarta police- Bloomberg. Bloomberg first reported Uber's review of its Asia operations.

  • It's not the Vision Fund, but SoftBank Ventures Korea is another unit of the Japanese conglomerate looking to invest in start-ups.

  • Facebook founder and chief Mark Zuckerberg (C) speaks to German Chief of Staff Peter Altmaier (R) at the so-called 'Facebook Innovation Hub' in Berlin on February 25, 2016.

    Some of the biggest companies in the world are finding they need to play by an entirely new set of rules on the once-anarchic internet.

  • A Go-Jek rider transports a passenger in Jakarta on February 2, 2017.

    Go-Jek's president said the start-up is planning to aggressively expand its payments service.

  • Andre Soelistyo, president, Go-Jek, says consumer finance in Indonesia is ripe for a payment solution like Alipay in China.