×

Asia Top News and Analysis Indonesia

  • Nov 1- Newmont Mining Corp, the world's second-largest gold producer, reported a lower-than-expected quarterly profit after a steep fall in production and a sharp rise in costs at its big Batu Hijau copper and gold mine in Indonesia.

  • Nov 1- Newmont Mining Corp, the world's second-largest gold producer, reported a lower-than-expected quarterly profit after a steep fall in production and a sharp rise in costs at its big Batu Hijau copper and gold mine in Indonesia.

  • Oct. 2- Danish shipping group Torm A/S is forced to reach a restructuring agreement with its banks over its $1.8 billion bank debt. Aug. 9- Britain's oldest shipping firm, Stephenson Clarke Shipping Ltd, goes into liquidation after nearly 300 years of trading.

  • LONDON, Nov 1- European shares rose on Thursday, bolstered by relatively robust earnings reports despite economic weakness, while the euro was flat as uncertainty over how the euro zone will handle crises in Spain and Greece dragged on.

  • *PMIs from India, Indonesia, Taiwan improve. TOKYO, Nov 1- Asian shares fell on Thursday but losses were curbed as the region's factory activity surveys mostly improved, with China's official and private sector manufacturing PMIs confirming a recovery in the growth trend even if it lacked punch.

  • Asia's

    Robert Prior-Wandesforde, Director, Asia Economics, Credit Suisse says that there could sill be value in countries like the Philippines Indonesia, Thailand and Malaysia as they are decoupled from weak exports.

  • Oct 31- Canadian miner Sherritt International Corp posted a third-quarter loss on Wednesday as lower nickel prices and sales volumes, and lower exports of thermal coal weighed on revenue.

  • Key currencies stayed in recent ranges on Wednesday, waiting for developments in Europe on efforts to solve the debt crisis and for the U.S. monthly jobs report on Friday as well as China's official manufacturing PMI on Thursday. Financial spreadbetters expect London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open as much as 0.2 percent lower.

  • *MSCI Asia ex- Japan up 0.3 pct, Nikkei gains 1.4 pct. The MSCI index of Asia-Pacific shares outside Japan rose 0.3 percent, off a two-week low hit on Tuesday. ``The U.S. has been closed two nights but Europe's been okay so there are no real negatives at this stage,'' said Winston Sammut, investment director at Maxim Asset Management in Sydney.

  • *Camden International says its 9 cocoa warehouses not damaged by storm. NEW YORK/ LONDON, Oct 30- Arabica coffee futures turned lower on Tuesday, giving back the previous session's gains, as many traders believed exchange stocks in U.S. East Coast warehouses were unscathed by Hurricane Sandy, one of the biggest storms ever to hit the region.

  • LONDON, Oct 30- Arabica coffee futures turned lower on Tuesday as early reports suggested that exchange stocks in warehouses on the United States' East Coast were left unscathed by Sandy, one of the biggest storms ever to hit the region.

  • TOKYO/ BEIJING, Oct 30- Heavy equipment makers are pinning their hopes on a stimulus fuelled rebound in China in 2013, after suffering another bruising quarter as the global economy slowed faster than expected with little respite seen before the end of the year.

  • *StanChart shares down 0.6 pct in London. HONG KONG/ LONDON, Oct 30- Standard Chartered said it was aiming for a wider year-end settlement with U.S. authorities investigating its Iran- linked transactions.

  • *StanChart shares up a touch in weak Hong Kong. HONG KONG, Oct 30- Asia- focused bank Standard Chartered Plc said its operating profit grew by a mid-single digit rate in the first nine months of the year, keeping it on track for a 10th straight year of record earnings.

  • *StanChart shares down 1.1 pct in Hong Kong. HONG KONG, Oct 30- Asia- focused bank Standard Chartered said its operating profit grew by a mid-single digit rate in the first nine months of the year, putting it on track for a 10th straight year of record earnings.

  • *DOJ, SEC convinced enforcement changing corporate culture. At least eight of the world's top 10 drugmakers, including Bristol-Myers Squibb Co, Pfizer Inc and Johnson&, have disclosed U.S. probes under the 1977 Foreign Corrupt Practices Act.

  • LONDON, Oct 29- Global consumer confidence edged higher in the third quarter, underpinned by an improvement in the United States, although uncertainty about the economy continued to cap spending, a survey showed. Sixty two percent of global consumers said they believed their national economies were in recession, up from 57 percent in the previous quarter, according to the survey by global information company Nielsen, released on Monday.

  • Move offers rare chance for miners who may not have considered Japan. TOKYO, Oct 29- Japan's biggest utility, Tokyo Electric Power Co, plans to buy coal from a wider group of suppliers in a drive to cut costs as it starts operations of new coal-fired power stations, a company official said.

  • Indonesia Aims to Increase Oil Production to 1 mn b/d

    Kris Wiluan, Chairman and CEO, KS Energy says Indonesia will aggressively increase oil production to 1 million barrels per day, which will benefit employment and triple demand for oil rigs.

  • LONDON, Oct 28- A global race for grain trading power is putting more of the world's vital cereals in the hands of fewer companies, with a string of recent acquisitions raising fears that consumers will pay even more for their food, while farmers are squeezed.