OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday, despite falling prices and expectations of weaker demand.
11 hours agoAsian stock markets and US futures rose on Friday as signs of possible trade talks between the US and China lifted risk sentiment after lacklustre earnings from tech bellwethers Apple and Amazon fueled worries about the impact of tariffs. ...
1 day agoWhile the transport minister has urged local airliners to look at buying rejected Boeing jets as an opportunity for fleet expansion, industry association INACA has called for a collected, practical stance in view of regulatory, certification and other established processes. ...
1 week agoAlmost half of investors in the Indonesia Stock Exchange (IDX) were foreigners as of September, at 48.5 percent of the total number.
7 months agoWorld News Day, taking place on Saturday with the support of hundreds of organizations including AFP, aims to raise awareness about the challenges endangering the hard-pressed industry.
7 months agoChinese stocks are headed for the best week since 2008 as Beijing rolled out a huge stimulus package to revive the economy, lifting Asian shares to 2-1/2-year highs, while a sharp fall in oil prices bodes well for disinflation globally.
7 months agoThe dollar held firm on Thursday following its sharpest rally since early June as traders looked ahead to speeches from key Federal Reserve policymakers later in the day for clues on the pace of interest rate cuts.
7 months agoAsian stocks bucked the global trend to extend a rally on Thursday, fueled by persistent optimism over China's aggressive stimulus package, although there were signs some of that enthusiasm was starting to ebb.
7 months agoWhile the stimulus measures have raised expectations that Beijing will follow soon with a fiscal package to complement the monetary and financial moves, analysts have raised doubts about their efficacy given weak consumer demand.
7 months agoFor Sanchez, it would be the second big supply chain setback after a bridge collapse cut off most access to the Baltimore port from late March through mid-June.
7 months agoWorld stocks hit a record high on Tuesday after China unveiled stimulus measures to support its economy and stock markets, sending Asian and European shares higher and triggering a bounce in commodity prices.
7 months agoShipments of rubber already declined 15 percent yoy as of this July.
7 months agoBitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the Federal Reserve's super-sized rate cut last week, while the yen extended its decline in markets thinned by a Japanese holiday.
7 months agoAsian stocks firmed on Monday ahead of central bank meetings that are widely expected to deliver two more rate cuts and key US inflation figures that should flash a green light for more easing there.
7 months agoIndonesia rolled out a new rule on Thursday that imposes a 7.5 percent levy on CPO exports to increase the commodity's global competitiveness amid declining demand relative to other vegetable oils.
7 months agoThe government has signed a new deal with the UK to facilitate the transfer of technology and skills in the critical minerals sector that also seeks to address related environmental and social risks.
7 months agoTokyo's Nikkei led Asian markets higher Thursday as the yen hit a two-week high after the Federal Reserve announced a bumper interest rate cut and pledged a series of further reductions that boosted sentiment.
7 months agoAsian markets swung between gains and losses Wednesday as traders tried to ascertain how big an expected Federal Reserve interest rate cut would be later in the day, while the dollar held gains against the yen after forecast-beating US data.
7 months agoThe research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them.
7 months agoMost Asian markets rose Tuesday but Tokyo sank more than one percent as exporters were hit by a stronger yen with traders gearing up for a bumper US interest rate cut and a key Japanese central bank meeting.
7 months agoAsian stocks made a cautious start on Monday in a week that is almost certain to see the start of an easing cycle in the United States with the only question mark being the size of the cut, with markets split on the chance of an outsized move.
7 months agoThe dollar on Friday slumped against the yen while gold hit an all-time peak as investors ratcheted up bets for a super-sized Federal Reserve interest rate cut next week after media reports suggested the decision was a tough one for officials.
7 months agoThe European Central Bank cut interest rates again on Thursday as inflation slows and economic growth falters, but provided almost no clues to its next step, even as investors bet on steady policy easing in the months ahead.
7 months agoA surge in tech firms Thursday helped Asian markets track a Wall Street rally after data showed US inflation at a more than three-year low, reinforcing expectations the Federal Reserve will cut interest rates next week.
7 months agoThe increasing domestic use of wood pellets and wood chips and skyrocketing exports to Japan and other markets present a business opportunity but also raise environmental concerns.
7 months agoAsian markets wobbled and US stock futures slipped on Wednesday after Democratic Vice President Kamala Harris and Republican Donald Trump clashed in a keenly-awaited US presidential debate.
7 months agoThe plastic and petrochemical sectors are bracing for potential mass layoffs as industry groups sound the alarm, citing surging imports, weak demand and a lack of global competitiveness.
7 months agoChina stocks fell to a seven-month low on Monday, as August inflation data deepened economic worries, while Hong Kong shares declined as much as 2 percent amid weak regional sentiment.
7 months agoThe local bourse has seen a general lifting in projections among global investment banks on the back of a stronger rupiah and expectations for a Fed rate cut before the year-end as well as fiscal discipline under the incoming Prabowo administration.
7 months agoThe Singapore government has conditionally approved importing another 1.4 GW of solar power from Indonesia atop a previous deal with five separate local firms to export a combined 3.4 GW of solar power to the island-state by 2027.
7 months agoThe dollar slid to a one-month trough versus the yen and a one-week low on the euro on Friday as a mixed bag of US job market indicators stirred caution ahead of a crucial monthly payrolls report later in the day.
7 months agoKayan hydropower project is located in North Kalimantan and Mamberamo hydropower project is located in Papua.
7 months agoTech firms led a plunge across Asian markets Wednesday after a rout on Wall Street fueled by a collapse in chip titan Nvidia and disappointing data on US factory activity that revived recession fears.
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