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Business

  • Oil price gain tempered by China growth slowdown

    The price of oil rose Wednesday as Ukraine took action against pro-Russian separatists in its east but slower Chinese growth tempered gains.

     

  • Asia shares rise, shrug off slower China growth

    Shares rose Wednesday in Asia as positive sentiment from strong corporate earnings outweighed Ukraine's crisis and slower economic growth in China.

  • US stock markets rebounds after choppy day

    A stock market swoon turned into a comeback Tuesday.

     

  • Oil falls ahead of Ukraine meeting, US supply data

    The price of oil fell Tuesday ahead of talks aimed at defusing tensions over Ukraine and the latest report on U.S. oil supplies.

     

  • Astra Otoparts searching for joint ventures partners

    Publicly listed automotive-parts manufacturer PT Astra Otoparts (AUTO), a subsidiary of the Astra Group conglomerate, is looking to establish three joint ventures this year in an attempt to grab new businesses, the company’s executives said.

  • Antam speeds up Halmahera smelter project to this year

    State-owned mining firm PT Aneka Tambang (ANTM) may kick off construction of a ferronickel smelter later this year in East Halmahera, North Maluku, as the commodity’s global prices are improving.

  • Lorena makes unimpressive trade debut

    Bus operator PT Eka Sari Lorena Transport saw a lackluster response to its initial public offering (IPO) on Tuesday as its shares opened relatively flat before closing 13 percent below its IPO price.

  • Ashmore teams up with Permata Bank

    London-based investment manager PT Ashmore Asset Management Indonesia will team up with publicly listed lender PermataBank to sell the company’s mutual fund products to the bank’s customers.

  • Peak hour flight tariff not on horizon, for now: Airnav

    The idea to impose higher navigation fees for planes flying during peak hours will not be implemented anytime soon as air transportation stakeholders are yet to agree on the sensitive issue.

  • Group opposes resumption of log exports

    A group of wood-based producers has strongly opposed the government’s plan to resume log exports, fearing the move will cause a shortage of domestic supply.