A sample of xenotime, a main ore mineral containing rare earth elements, is displayed at the Natural History Museum in London on June 6, 2025.

Trump says China's Xi agreed to let rare earth minerals flow to US

US President Donald Trump said on Friday that Chinese President Xi Jinping agreed to let rare earth minerals and magnets flow to the United States, a move that could lower tensions between the world's biggest economies.

20 hours ago

Markets

Trump-Musk feud shakes markets pre-payrolls

The bromance-turned-to-brawl between US President Donald Trump and billionaire Elon Musk sparked a 14 percent drop in Tesla shares overnight, wiping out US$150 billion in market value. ...

1 day ago

Markets

Most Asian markets rise as US data feeds rate-cut hopes

Jakarta edged higher as the government began rolling out a $1.5 billion stimulus package after Southeast Asia's biggest economy saw its slowest growth in more than three years in the first quarter. ...

3 days ago

The Latest

Markets

Asian stocks rise, dollar eases as markets weigh US rate outlook

Asian stocks rose on Thursday, with the Nikkei breaching a new 34-year peak, while the dollar took a breather near a three-month high as markets assess when the Federal Reserve is likely to start its easing cycle after a run of strong economic data.

1 year ago

People walk outside the Bank of England in the City of London financial district of London on May 11, 2023.

Markets

Stocks extend slide; dollar rides Treasury yields higher

Asian shares extended a global sell-off on Wednesday, while the dollar and Treasury yields jumped as traders pared back expectations for the pace and scale of rate cuts by the Federal Reserve this year.

1 year ago

A delivery worker pulls pallets up a street in the rain in Hong Kong on Oct. 18, 2023.

Markets

Asia tracks Wall St retreat as US inflation dents rate cut hopes

Asian equities sank Wednesday, tracking a sell-off on Wall Street, as a forecast-topping US inflation report dealt a hefty blow to hopes for an early interest rate cut.

1 year ago

People look at a screen displaying stock prices during a ceremony to open the trading day on the Indonesia Stock Exchange (IDX) in Jakarta on Jan. 2, 2024.

Markets

IDX Composite drops 1.20% on Tuesday

The IDX Composite closed 1.20 percent lower on Tuesday, ahead of the 2024 general election and amid United States inflation data.

1 year ago

Motorists fill up on Pertamax-branded fuel at a gas station in Jakarta on Nov. 21, 2017.

Markets premium

Fuel oil price on upward trajectory in 2024, govt says

The Energy and Mineral Resources Ministry expects prices of nonsubsidized fuel oil to rise throughout the year as geopolitical risks linger.

1 year ago

Representations of virtual currency Bitcoin are seen in this illustration picture taken on March 13, 2020.

Markets

Bitcoin breaks $50,000 for first time since 2021

Bitcoin spiked above $50,000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will ramp up demand.

1 year ago

Several pieces of heavy equipment owned by PT Berau Coal conduct coal mining activities on March 4, 2022, at the Binungan mine in East Kalimantan.

Markets premium

Heavy equipment sales take a dive as commodity prices plunge

Diversifying sales to the construction sector may help heavy equipment firms stay afloat.

1 year ago

A customer checks the quality of rice at Cipinang Market in East Jakarta in October 2022.

Markets premium

Rice vanishes from shelves amid delayed harvest

The National Food Agency (Bapanas) has pledged to accelerate rice distribution in response to President Joko “Jokowi” Widodo’s order to “flood the market”.

1 year ago

Attendees look at a display of stock prices at a ceremony to open the trading day at the Indonesia Stock Exchange (IDX) in Jakarta on Jan. 2, 2024.

Markets

IDX Composite rises 0.86% on Monday ahead of election

The IDX Composite closed 0.86 percent higher on Monday, as the market was in “wait-and-see” mode ahead of the general election on Wednesday.

1 year ago

Electrifying: The Esemka Bima electric vehicle produced by domestic carmaker Esemka is displayed at the Indonesia International Motor Show in Jakarta on Feb. 16, 2023.

Markets premium

Car sales plummet 26 percent year-on-year in January

The Indonesian Automotive Manufacturers Association (Gaikindo) has attributed the decline to weakening economic sentiment.

1 year ago

Workers complete the production of knitwear at the Rajong Binong Jati Center, Bandung, West Java, on June 6, 2020.

Markets premium

Textile industry warns of production halt following import restrictions

Countries supplying Indonesia with mono-ethylene glycol (MEG), a material to produce polyester, have halted their shipments until they receive clarity regarding permits from the government.

1 year ago

Attendees look at stock trading movements during the trade opening ceremony at the Indonesi Stock Exchange (IDX) in Jakarta on Jan. 2, 2024. The IDX Composite fell by 0.17 percent on Feb. 7, 2024, as the market assessed Indonesia’s foreign exchange reserves data and China’s economic policy trends.

Markets

IDX Composite concludes short trading week down 0.17%

IDX Composite fell by 0.17 percent on Wednesday as the market assessed Indonesia’s forex reserves data and China’s economic policy trends.

1 year ago

Attendees look at stock trading movements during the trade opening ceremony at the Indonesia Stock Exchange (IDX) in Jakarta on Tuesday, Jan. 2, 2024.

Election Updates

No trading on Indonesia Stock Exchange on election day

Trading optimism has plunged this month as the market anticipates the Feb. 14 general election, the volatile rupiah and US monetary policy uncertainties.

1 year ago

Pedestrians walk past an electronic sign showing the closing numbers on the Tokyo Stock Exchange, along a street in downtown Tokyo on January 18, 2023.

Markets

Asian markets track Wall St higher as Hong Kong extends rally

There were also gains Wednesday in Sydney, Seoul, Singapore, Wellington, Manila and Jakarta, though Tokyo edged down.

1 year ago

Attendees look at stock trading movements on Jan. 2, 2024, during the opening ceremony at the Indonesia Stock Exchange (IDX) in Jakarta. The IDX Composite (IHSG) closed at 7,247.41 on Feb. 6, 2024, gaining 48.79 points, or 0.68 percent, amid mixed index performances in the broader Asian market.

Markets

IDX Composite gains 0.68% amid mixed trends in broader Asian market

The IDX Composite (IHSG) closed at 7,247.41 on Tuesday, gaining 48.79 points, or 0.68 percent, amid mixed index performances in the broader Asian market.

1 year ago

Markets

IDX Composite begins new week with 0.55% decline

The IDX Composite (IHSG) fell by 0.55 percent to 7,198.61 on Monday as the market digests new economic data published by Statistics Indonesia (BPS).

1 year ago

Attendees look at stock movements on Jan. 2 during the opening ceremony of the Indonesia Stock Exchange (IDX) for 2024 at the bourse in Jakarta. The IDX Composite closed slightly lower at 7,201.7 on Feb. 1, 2024, following data that showed inflation had slowed in January.

Markets

IDX Composite dips 0.09% after new inflation report

The IDX Composite closed on Thursday slightly lower at 7,201.7 after new BPS data showed that inflation had slowed in January.

1 year ago

Attendees look at stock trading movements during the trade opening ceremony at the Indonesia Stock Exchange (IDX) in Jakarta on Jan. 2, 2024. The IDX Composite index strengthened on the last trading day of January, closing 0.22 percent higher at 7.207,94, on Jan. 31, 2024.

Markets

IDX Composite concludes January with 0.22% gain

The IDX Composite index strengthened on the last trading day of January, closing 0.22 percent higher at 7.207,94.

1 year ago

Made in Indonesia: Cars bound for export sit parked on Dec. 15, 2023, at a facility belonging to PT Indonesia Kendaraan Terminal in Tanjung Priok, Jakarta.

Markets premium

Used cars, two-wheelers buoy automotive market

Analysts project new car sales to bounce back this year, along with the rise of electric vehicles, which continue to gain popularity in the country.

1 year ago

Attendees look at stock trading movements on Jan. 2, 2024, during the opening ceremony for trading at the Indonesia Stock Exchange (IDX) in Jakarta. The IDX Composite (IHSG) climbed by 0.49 percent to 7,192.22 on Jan, 30, 2024, ahead of the United States Federal Reserve’s interest rate decision.

Markets

IDX Composite gains for second straight day, up by 0.49%

The IDX Composite climbed by 0.49 percent to 7,192.22 on Tuesday ahead of the US Federal Reserve’s interest rate decision.

1 year ago

Workers push damaged solar panels into a machine to be recycled at the We Recycle Solar plant in Yuma, Arizona, US, on Dec. 6, 2023.

Markets

Stock pickers power up battered renewables as rates fall

Clean energy stocks might be in for a much-needed recharge this year as bets on interest rate cuts brighten their outlook following record outflows from this former ESG hot spot.

1 year ago

A person sits in front of residential buildings developed by China Evergrande Group, after a court ordered the liquidation of the property developer, in Beijing, Jan. 29, 2024.

Markets

Stocks in Asia slip as China property sector worries weigh

Asian shares fell on Tuesday, hurt by the court-ordered liquidation of property giant China Evergrande while rising geopolitical tensions propped up oil prices and kept a lid on risk appetite ahead of the Federal Reserve's meeting.

1 year ago

A man pedals a bike past a housing complex built by Chinese property developer Evergrande in Beijing on October 25, 2021.

Markets

Hong Kong court orders liquidation of China's Evergrande

Once China's biggest real estate firm, its astronomical debt of more than $300 billion had become emblematic of a years-long crisis in the country's property market that had reverberated throughout the world's second-largest economy.

1 year ago

The German-flagged tanker Seacod berths at the Tranmere Oil Terminal on the River Mersey near Liverpool, Britain, on March 5, 2022.

Markets

Oil rises on fresh Middle East fears after attack on US base

Oil rose Monday on fresh Middle East fears as Joe Biden pledged to retaliate after blaming Iran-backed rebels for the killing of three US service members in a drone attack on a base in Jordan.

1 year ago

Critical commodity: A nickel smelter in Morosi, Southeast Sulawesi, operated by Virtue Dragon Nickel Industry (VDNI) is seen from above on Feb. 10, 2023. Indonesia is the world's largest producer of nickel, a critical component of electric vehicle batteries.

Markets

New Caledonia's Prony Resources faces cash crunch on nickel slump

After years of losses, France is trying to work out an agreement by the end of the month to bolster the producers through investments to help reduce costs.

1 year ago

Markets

IDX Composite extends loss to close Friday 0.57% down

The IDX Composite declined 0.57 percent to close Friday's trading at 7,137.

1 year ago

A worker checks on Oct. 18, 2019 nickel pig iron (NPI) that was produced in the Morowali industrial park in Bahodopi district, Morowali regency, Central Sulawesi.

Markets premium

Indonesian miners brace for prolonged low nickel prices

Indonesia’s nickel miners are bracing for a price slump in 2024, as the global glut is expected to continue growing while demand growth has declined.

1 year ago

Bull statues are placed in font of screens showing the Hang Seng stock index and stock prices outside Exchange Square in Hong Kong, China, on Aug. 18, 2023.

Markets

Asia stocks on track for weekly gain; eyes on US inflation test

Asian shares were set on Friday to snap a three-week losing streak, while investors awaited a key reading on US inflation later in the day to gauge the outlook for US rates.

1 year ago

Attendees look at stock trading movements on Jan. 2, 2024, during the trade opening ceremony at the Indonesia Stock Exchange (IDX) in Jakarta . The IDX Composite (IHSG) declined by 0.69 percent, or 49.78 points, and closed at 7,178.04 on Jan. 25, 2024, as investors await United States economic data.

Markets

IDX Composite plunges by 0.69% ahead of key US economic data

The IDX Composite (IHSG) declined by 0.69 percent, or 49.78 points, and closed at 7,178.04 on Thursday as investors await United States economic data.

1 year ago

Workers carry sugarcane during a harvest day at Kewadungan Village in Kediri, East Java, on June 21, 2022. Five sugar factories, Tjoekir Jombang, Lestari Nganjuk, Meritjan Kediri, Modjopanggoong Tulungagung and Djombang Baru Jombang that are under state-owned plantation PT Perkebunan Nusantara (PTPN) X, have started their planting season with a target of grinding 111,000 tonnes of the crop.

Markets premium

Indonesia needs to quadruple sugar output by 2030 for self-sufficiency, ethanol

Indonesia's sugar production must reach 9.7 million tonnes by 2030 to be self-sufficient, where currently the country only produces around 2.5 million tonnes.

1 year ago

Page: 20