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Business

  • Chinese investors invited to do business in Sumbawa

    A group of Chinese businessmen are visiting Sumbawa regency, East Nusa Tenggara, to explore the possibility of investing on the island.

     

  • Applications for US unemployment aid jump

    The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter.

  • Spanish economic growth seen fastest since 2008

    Spain's economy expanded by 0.4 percent in the first quarter, the Bank of Spain estimated Thursday, the fastest growth in six years and further evidence the recovery is gathering steam.

  • Markets muted despite Apple, Facebook

    Solid earnings from Apple helped shore up global markets on Thursday despite other disappointing earnings and an earlier hefty retreat in Tokyo.

  • Rupiah strengthens to 11,597 in afternoon trade

    Rupiah traded at interbanks in Jakarta on Thursday afternoon strengthened 30 points to 11,597 per US dollar, up from the previous 11,627.

     

  • JCI weakens 0.04% in final trade

    The Jakarta Composite Index (JCI) decreased by 0.04 percent to 4,891.08 in Thursday's final trading.

  • OJK closely monitoring BCA

    The Financial Services Authority (OJK) says that it will continue monitoring the development of the tax crime case surrounding the nation's biggest privately held bank, Bank Central Asia (BCA), and the outgoing Supreme Audit Agency (BPK) chairman Hadi Poernomo, who served as Finance Ministry director general of taxation from 2002 to 2004.

  • Unilever first quarter sales hit by strong euro

    Unilever PLC, the maker of consumer products such as Dove soaps and Ben & Jerry's ice cream, said Thursday that the stronger euro dented its revenues in the first quarter of the year.

  • New drug sales help boost Novartis Q1 profit

    Strong new drug sales helped Swiss pharmaceutical firm Novartis AG report a 24 percent rise in first-quarter profit.

  • Oil prices recoup earlier losses on Ukraine woes

    The price of oil rebounded Thursday on worries about tensions in Ukraine.