3:54 pm July 31, 2015 | No Comment
London. Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply.
3:46 pm July 31, 2015 | No Comment
Uber Technologies will invest $1 billion in India in the next nine months, as the online taxi-hailing company looks to expand its services in its biggest market outside the United States.
2:52 pm July 31, 2015 | No Comment
Listed local oil and gas company Elnusa posted a 25.6 percent decline in profit in the first half of this year on the back of flagging prospects of the petroleum industry following the decline of global oil prices, the company said in a statement on Friday.
2:45 pm July 31, 2015 | No Comment
Indonesia's main stock index climbed more than 1 percent in the morning trading session on Friday, seemingly unmoved by the plethora of disappointing first-half earnings results as investors picked up cheap stocks in anticipation of recovering economy in the second half.
2:10 pm July 31, 2015 | No Comment
Pacific Rim trade ministers neared the final spurt of negotiations on an ambitious free trade pact on Thursday, but differences over farm exports and monopoly periods for next-generation drugs kept them short of an elusive final deal.
11:29 am July 31, 2015 | No Comment
China's securities regulator on Friday said it is investigating the impact of automated trading on the market, as Beijing intensifies pressure on its financial industry in the wake of a share-price plunge.
10:13 am July 31, 2015 | No Comment
Profits at Bank Rakyat Indonesia and its subsidiaries inched up less than 2 percent in the first half this year, as rising overhead and interest costs took their toll amid slowing loan growth.
10:06 am July 31, 2015 | No Comment
Tokyo. Japan's household spending unexpectedly fell and inflation stalled in June, heightening the chance the economy may have contracted in April-June and casting doubt on the central bank's view growth will rebound solidly in the current quarter.
9:28 am July 31, 2015 | No Comment
Bangkok. Thai property developers are raising record funds in the domestic bond market to finance high-end residential projects in a stumbling economy that appears to have hurt all but the affluent.
9:26 pm July 30, 2015 | No Comment
Amid the economic slowdown, two major lenders in Indonesia, Bank Mandiri and Bank Internasional Indonesia, managed to maintain sound profitability in the first half of 2015, with the first reporting a modest net income growth and the latter enjoying strong earning growth.
9:18 pm July 30, 2015 | 1 Comment
The Trade Ministry issued on Thursday a regulation requiring all importers who bring in batik-patterned fabrics to register with the ministry and secure a special permit to import the textile.
8:30 pm July 30, 2015 | No Comment
Astra International, a diversified conglomerate in Indonesia, posted an 18 percent decline in profit in the first half of this year, following weaker earnings from its automotive and commodity-related business, the company said in a statement on Thursday.
7:28 pm July 30, 2015 | No Comment
Protecting the ringgit from political fallout out may end up costing Malaysia more than any bailout for the debt-ridden 1MDB state fund, given the rate at which the central bank has been using its reserves in recent weeks.
7:22 pm July 30, 2015 | No Comment
Asian airlines are preparing to hedge more jet fuel in a bid to lock in profits, betting that a recent slide in crude prices to five-month lows will taper off near $50 a barrel.
7:12 pm July 30, 2015 | No Comment
Indonesia’s biggest cement maker, Semen Indonesia, posted a sharp drop in net profit for the first half of 2015, its corporate secretary told Reuters ahead of its earnings announcement.
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