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The currency briefly breached the psychological threshold of Rp 17,000 per US dollar on Monday morning, flirting with the historic low of Rp 17,300 registered during the Asian financial crisis of 1997 and 1998.
3 hours agoThe sell-off in Jakarta mirrors a broader slide across Asian markets, where economies heavily reliant on Gulf oil shipments remain particularly sensitive to surging energy prices.
7 hours agoDespite being framed as a corporate contribution to support public housing, analysts pointed out that transfers of strategic urban land to the state are rarely neutral in economic terms.
8 hours agoThe dollar was up 0.9 percent at $1.1518 on the euro, its highest since November.
8 hours agoPLN's reassurances stand in stark contrast to warnings from independent power producers, whose stockpiles have fallen to an average of 10 operating days, well below the 25-day benchmark considered ideal.
9 hours agoSpeaking at an emergency meeting on the impact of the Middle East crisis, Lee said the government would "swiftly introduce and boldly implement" a maximum price system on petroleum products "that have recently seen excessive price increases".
10 hours agoThe ministry of finance said Sunday it had drafted a decree that would slash import tax rates to zero on some petroleum products to "help stabilize the domestic market and ensure national energy security".
12 hours agoThe dollar surged on Monday as soaring oil prices sent investors scrambling for cash on worries that a protracted Middle East war could severely disrupt energy supplies and hurt global growth.
12 hours agoTrump had ordered the government to stop using Anthropic, calling it a threat to national security after it refused to agree to unconditional military use of its Claude models.
1 week agoNew data centers -- warehouse-like facilities that store online files and power AI tools from chatbots to image generators -- are mushrooming worldwide, and the sector is growing particularly fast in Asia.
1 week agoTech CEOs are locked in an artificial intelligence "arms race" that risks wiping out humanity, top computer science researcher Stuart Russell told AFP on Tuesday, calling for governments to pull the brakes.
2 weeks agoAs artificial intelligence evolves at a blistering pace, world leaders and thousands of other delegates will discuss how to handle the technology at the AI Impact Summit, which opens Monday in New Delhi.
2 weeks agoChina's ByteDance has rolled out its Doubao 2.0 model, an upgrade of the country's most widely used artificial-intelligence app, the company said on Saturday.
3 weeks agoThe dollar was up 0.9 percent at $1.1518 on the euro, its highest since November.
8 hours agoSpeaking at an emergency meeting on the impact of the Middle East crisis, Lee said the government would "swiftly introduce and boldly implement" a maximum price system on petroleum products "that have recently seen excessive price increases".
10 hours agoThe ministry of finance said Sunday it had drafted a decree that would slash import tax rates to zero on some petroleum products to "help stabilize the domestic market and ensure national energy security".
12 hours agoIndia is the fastest-growing major economy, but not everyone has been able to enjoy the boom times as opportunities remain uneven.
1 day agoPT Daya Intiguna Yasa (MR.D.I.Y. Indonesia), Indonesia's largest home goods retailer, has officially opened its second flagship store at Summarecon Mall Bekasi 2 in Bekasi, West Java.
6 days agoThe dollar surged on Monday as soaring oil prices sent investors scrambling for cash on worries that a protracted Middle East war could severely disrupt energy supplies and hurt global growth.
12 hours agoShare markets slid in Asia on Monday as the inflationary pulse from surging oil prices threatened to raise living costs, and perhaps interest rates, across the globe, while an investor hunger for liquidity kept the US dollar in demand.
15 hours agoThe US Treasury Department is expected to announce measures aimed at combating rising energy prices in the wake of the Iran conflict, including potential action involving the oil futures market, a senior White House official said.
3 days agoAsia stocks fell on Friday and were headed for their sharpest weekly drop in six years while oil prices were poised for their biggest jump in four years in a turbulent week for global markets as the conflict in the Middle East showed few signs of easing.
3 days agoAsian equities jumped Thursday after a three-day rout sparked by the Middle East war, but concerns about an extended conflict helped oil extend gains, while analysts warned of more volatility ahead.
4 days agoAsian stocks tanked on Wednesday, with a record-breaking market crash in Seoul, as investors dumped crowded bets on chipmakers on worries a widening Middle East war will drive an oil shock that raises inflation and delays interest rate cuts.
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