8:23 pm October 20, 2014 | No Comment
Switzerland-based bank Credit Suisse has appointed Indonesian Helman Sitohang as its new Asia Pacific chief executive to replace Eric Varvel, who will now assume his new position as the bank’s chairman for Asia Pacific and Middle East Region.
7:32 pm October 17, 2014 | No Comment
German Chancellor Angela Merkel and European Central Bank President Mario Draghi aren’t blinking yet. The longest losing streak in European stocks in 11 years and the weakest inflation since 2009 has intensified pressure on the managers of the euro area’s already ailing economy to deliver fresh stimulus programs.
12:43 pm October 16, 2014 | No Comment
Most Indonesian workers underestimate their spending during retirement, posing a huge risk for the country's welfare over the next few decades, according to a study from Manulife Asset Management.
1:22 pm October 15, 2014 | No Comment
Citigroup said it was pulling out of consumer banking in 11 markets, including Japan and Egypt, as the US bank with the biggest international business looks to cut persistently high costs.
7:49 pm October 14, 2014 | No Comment
Deep in the European Central Bank’s Frankfurt headquarters, there’s a room sealed off from the world.
5:01 pm October 14, 2014 | No Comment
Indonesia sold Rp 12 trillion ($983 million) of conventional bonds at an auction on Tuesday, above an indicative target of Rp 8 trillion, an official from the finance ministry’s debt office said.
12:29 pm October 14, 2014 | No Comment
Bank Tabungan Negara says it is confident that it can keep its non-performing loan ratio at below 4 percent by the end of the year, and it has set up two units — consumer collection and remedial division, or CCRD, and asset management division, or AMD — to achieve the target.
9:55 pm October 13, 2014 | No Comment
Chinese developer Agile Property, battling an industry slowdown and media speculation about ties to China’s former security chief, says it is in talks with banks about extending what remains of a $475 million loan due in December.