10:45 pm December 19, 2014 | No Comment
The intervention to reverse a slide in rupiah bonds is buying the market time as President Joko Widodo’s clean-up of the energy industry wins investor plaudits.
10:38 pm December 19, 2014 | No Comment
Friday’s verdict, which saw 63-year-old Thomas Kwok found guilty of corruption but Raymond, 61, cleared of all charges, has left questions over the next step for the family empire. The marathon trial centered around claims the brothers had bribed former chief secretary Rafael Hui to be their “eyes and ears” in the government.
9:00 pm December 19, 2014 | No Comment
Nigeria's central bank on Friday announced new measures to curb currency speculation as part of an effort to defend the naira which has been hit hard by the collapse in global oil prices.
8:26 pm December 19, 2014 | No Comment
The Indonesian government plans to impose an "adjustment tariff" for electricity in January next year, in an effort to eliminate the subsidy for middle to upper-income classes and medium to large-scale businesses, a top official at the Energy and Mineral Resources Ministry said on Friday.
5:10 pm December 19, 2014 | No Comment
Japan’s Nissan Motor and French partner Renault have stopped taking orders for some cars in Russia and could raise prices on others if the ruble’s plunge continues, alliance Chief Executive said on Friday.
2:29 pm December 19, 2014 | No Comment
China revised up the size of its economy in 2013 but sees that having little effect on economic growth this year, amid expectations that Beijing may roll out more stimulus to support the slowing economy.
1:37 pm December 19, 2014 | No Comment
Bangladesh's rapid development on the doorstep of the ecologically fragile Sundarbans means "environmental disasters" like this month's oil spill in the massive delta are increasingly likely, experts warn.
12:02 pm December 19, 2014 | No Comment
Lower oil prices could boost demand in Asia in 2015, with spot interest for diesel, Asia's most widely used fuel, picking up in countries like Vietnam, Philippines and Indonesia, traders and analysts said.
11:25 am December 19, 2014 | No Comment
There is vast scope for corruption inside the China National Petroleum Corporation empire, which includes its huge listed subsidiary PetroChina Company and hundreds of other units, say company officials familiar with the investigation. The group is one of the world's biggest corporations, last year reporting revenues of $432 billion. Current and former senior company officials say it is difficult to keep track of all the businesses and deals underway.
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