6:53 pm May 29, 2015 | No Comment
Thai billionaire Charoen Sirivadhanabhakdi is considering buying cognac maker Louis Royer, people familiar with the matter said, potentially locking horns with a Philippine tycoon for the French firm amid a forecast rebound in Asian demand for luxury spirits.
6:28 pm May 29, 2015 | No Comment
China’s central bank said on Friday it wants to see a “healthy” stock market, a day after surging Chinese shares slumped 6 percent in record trading volume as investors fled tighter borrowing rules.
5:55 pm May 29, 2015 | No Comment
Indonesia’s coffee output will fall short of a previous estimate by around 50,000 tons this year due to an El Nino weather pattern that is likely to cause dry spells across key growing areas, an industry group said on Friday.
4:54 pm May 29, 2015 | No Comment
Switzerland’s economy shrank in the first quarter, data showed, as exporters felt the impact of a strong Swiss franc, which surged after the central bank removed the currency’s cap against the euro in January.
3:58 pm May 29, 2015 | No Comment
Damned if you do, damned if you don’t. Some euro zone countries are accusing the European Commission of giving Greece false hope of new loans for less reform effort, but they still want Brussels to find a way to keep a defiant Athens in the euro.
3:22 pm May 29, 2015 | No Comment
Malaysia’s state fund 1Malaysia Development (1MDB) has signed a deal securing $1 billion in funding from Abu Dhabi’s International Petroleum Investment Company (IPIC) and its Aabar Investments unit ahead of a June 4 deadline to repay a loan to an international bank syndicate.
3:09 pm May 29, 2015 | 1 Comment
Government would soon exempt value tax and import tax for shipyards companies in a move to improve Indonesia’s shipbuilding industry competitiveness.
3:00 pm May 29, 2015 | No Comment
Japan’s financial regulator is urging banks to strengthen safeguards against potential market turbulence from a US interest rate hike expected later this year, according to a document seen by Reuters.
2:46 pm May 29, 2015 | No Comment
Suzuki Indomobil Motor, or SIM, a local unit of the Japanese auto manufacturer, inaugurated a $1 billion manufacturing plant in Deltamas, West Java on Friday, boosting the company's production capacity by a half as competition among manufacturers to capture a shrinking domestic market intensifies.
2:09 pm May 29, 2015 | No Comment
At least 800 British-born United Kingdom residents enjoy “non-domiciled” status, a tax break intended for temporary residents, according to data released in response to a Freedom of Information Act request by Reuters.
2:06 pm May 29, 2015 | 1 Comment
Life hasn’t been that easy for Vale Indonesia, the local unit of Brazilian giant miner Vale, despite it having signed an amendment to its contract of work in October 2014.
1:42 pm May 29, 2015 | No Comment
Shoemaker Sepatu Bata aims for Rp 1.1 trillion ($83 million) sales in 2015, growing by 10 percent from Rp 1 trillion last year as the company would begin to sell it foot-wears to middle an upper income consumers.