The eagle statue sits on the Marriner S. Eccles building of the Federal Reserve Board on Aug. 6, 2025 in Washington, DC.

Trump moves to fire a Fed governor over mortgage fraud claims

US President Donald Trump moved to fire Federal Reserve Governor Lisa Cook "effective immediately" on Monday, citing allegations of false statements on her mortgage agreements -- as he expanded pressure on the independent central bank.

1 day ago

Markets premium

Govt eases coal and mineral pricing rules after market backlash

However, royalties and taxes will still be calculated using the government’s coal benchmark price (HPB) and mineral benchmark price (HPM). ...

2 days ago

Markets

Asian shares choppy, dollar steady as traders await Powell speech

Stocks in Asia edged higher in a shaky start on Friday as anxious traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium. ...

5 days ago

The Latest

Signs of recovery: An employee walks in front of the Jakarta Composite Index (JCI) screen displayed in the Indonesia Stock Exchange (IDX) building in Jakarta on Jan. 4. Early in the New Year, the JCI strengthened by 18.76 points, 0.31 percent, to 5,997.83.

Markets

Asian stocks dip as Omicron spreads, Fed decision looms

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.46 percent.

3 years ago

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021.

Markets

Asia stocks rise, markets ready for central bank parade

The Fed is widely expected to signal a faster tapering of asset buying this week, and thus an earlier start to rate hikes

3 years ago

Chinese 100 yuan notes and 1 US dollar notes, photographed in Beijing on Jan. 6, 2017.

Markets

Dollar firms ahead of US inflation data; PBOC clips yuan's wings

The dollar was firm on Friday ahead of US inflation figures, which could settle the course of interest rates, while the Chinese yuan was nursing its sharpest drop in months after a nudge lower from authorities triggered a slide.

3 years ago

People walk past stalls on a street in Tokyo on Oct. 5, 2021.

Markets

Asia markets up as Omicron fears ease

Asian stocks opened higher on Tuesday as investors took heart from strong rebounds on Wall Street on hopes that the newest coronavirus variant will prove less dangerous than previously feared.

3 years ago

Bountiful harvest: This undated photo shows an aerial view of an oil palm plantation in Bulutumbang, Belitung.

Markets premium

Indonesia's CPO prices expected to adjust after stellar 2021

While analysts warn of lower crude palm oil (CPO) prices next year, producers remain hopeful at least for the first half of 2022.

3 years ago

Pedestrians cross a street in Hong Kong, China, on Oct. 31, 2021.

Markets

Asia markets down on Omicron, US jobs data worries

Asian markets broadly fell in morning trading Monday, tracking uncertainty over the Omicron variant of COVID-19 as well as disappointing US jobs data and the future of Chinese tech firms on Wall Street.

3 years ago

President Joko “Jokowi” Widodo (center), Defense Minister Prabowo Subianto (right) and Public Works and Housing Minister Basuki Hadimuljono inspect the government's plan to build a road to connect the Balikpapan-Samarinda toll road with the site of the new capital city, which is to occupy a 256,000-hectare area in East Kalimantan's regencies of North Penajam Paser and Kutai Kartanegara.

Markets premium

Securing key plots crucial for new capital projects: Experts

Preventing speculation and excessive increases in property and land prices is crucial for development of the new capital city, experts say.

3 years ago

Digital signs display stock market information in the Central district of Hong Kong, China, on Nov. 5, 2021.

Markets

Global stocks wobble as Didi delisting revives US-China worries

Stocks fell on Friday after Chinese ride-hailing giant Didi said it would delist in New York, renewing concern about US-China tensions and tech regulation, while oil headed for a sixth consecutive weekly drop on Omicron and rate hike worries.

3 years ago

Vehicles travel down Jl. Pak Kasih at the Pelindo II-operated Dwikora river port on the Kapuas River in Pontianak, West Kalimantan, on Friday. The port, located 17 miles from high seas, has a limited capacity, hampering exports of commodities such as crude palm oil.

Markets premium

Shipping indicators signal improvement in supply chains

The Baltic Dry Index has fallen to a level last seen in early June, reflecting improvements in global supply chains.

3 years ago

A PLN technician tests a prepayment meter in Jakarta, in this undated photograph.

Markets premium

Electricity use at 5-year high as manufacturing resumes

Demand for electricity has started to rebound as COVID-19 infections continue to decline, restrictions are eased and manufacturing activities resume.

3 years ago

Bank Indonesia (BI) Governor Perry Warjiyo talks during a livestreamed press briefing after monthly Board of Governors meeting on June 18, 2020.

Markets premium

Digital transactions forecast to grow 31% next year: Bank Indonesia

Bank Indonesia (BI) estimates e-commerce transactions to grow 31.4 percent annually to Rp 530 trillion (US$37 billion) next year.

3 years ago

Workers repair signage on the Indonesia Stock Exchange (IDX) building in Jakarta on Feb. 12, 2020.

Markets premium

IDX remains calm amid Omicron threat

The main Indonesian stock index clawed back some of Friday’s losses on Monday, defying the downward trend seen in other stock indices.

3 years ago

A money changer counts US dollar banknotes at a currency exchange office in Ankara, Turkey, on Sept. 27, 2021.

Markets

Currencies recover from Omicron chaos but analysts warn more volatility ahead

The risk-sensitive Australian dollar rose 0.37 percent to US$0.7139, recovering after a 1 percent tumble on Friday that saw it dip to $0.71125 for the first time since Aug. 20.

3 years ago

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, on Aug. 9, 2021.

Markets

Asian markets extend losses but oil bounces after Omicron rout

Asian markets fell again Monday but oil rebounded strongly as investors try to assess the threat of the new Omicron Covid strain on the global economic recovery.

3 years ago

A boat makes its way toward the Hong Kong–Zhuhai–Macau bridge as an aircraft prepares to land at Hong Kong International Airport on Nov. 20, 2021.

Markets

Asian markets mixed as data points to faster Fed taper

Equity markets in Asia were mixed in edgy trade Thursday as a batch of strong economic data spurred expectations that the Federal Reserve will withdraw its vast financial support and lift interest rates earlier than thought.

3 years ago

A visitor wearing a face mask walks past in front of an electric screen displaying Nikkei share average outside a brokerage in Tokyo, Japan, on March 2 last year.

Markets

Asian shares inch lower as dollar marches on

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.18 percent to a six-week low.

3 years ago

The 5-megawatt Sambelia solar power plant is located on the island of Lombok, West Nusa Tenggara. Seven such plants on the island are expected to supply 8.5 percent of the island's daytime electricity needs, cutting residents' reliance on diesel-fired plants.

Markets premium

PLN to offer 1.2 GW worth of new and renewable energy projects

The state-owned electricity monopolist says investment opportunities in clean energy projects are wide open.

3 years ago

Markets

Asian markets fall again on inflation fear as oil prices extend gains

Asian markets fell Wednesday as investors extended a run of weakness, with inflation worries and expectations of tighter central bank monetary policy the center of attention.

3 years ago

Future currency?: A representation of virtual currency Bitcoin and US$1 banknotes are seen in front of a stock graph. Some central banks have warned about significant speculative elements of bitcoin and other crypto assets.

Markets premium

Singapore’s StraitsX launches rupiah-denominated stablecoin

The XIDR is to compete with the like of the Rupiah Token and Binance IDR to be the top rupiah-denominated stablecoin.

3 years ago

Markets

Oil and euro slip, markets on edge over COVID-19 curbs in Europe

Safe-haven assets such as bonds, gold and the yen have also benefited from the recent cautious tone in financial markets.

3 years ago

An employee presents gold bars of various sizes for investment at a gold outlet in Malang, East Java, in April 2017.

Markets premium

Gold can buttress your portfolio amid inflation, virus risk: Analysts

With the stock market at an all-time high and inflation rising fast, some analysts advise having gold in your portfolio to prepare for global economic uncertainty and the ongoing risk of COVID-19.

3 years ago

Markets premium

IDX Composite index closes above 6,700 for first time ever

Indonesian stocks have made strong gains lately, with Telkomsel’s much-anticipated IPO on Monday helping the index reach a new all-time high on Friday.

3 years ago

A worker secures palm fruit bunches to a truck bed on Aug. 16, 2019 at a plantation in Nagan Raya, Aceh.

Markets premium

CPO output decline to continue in 2022: Gapki

The decline in national palm oil production is expected to continue in 2022, primarily as a result of the global shortage in shipping containers and its impact on fertilizer distribution.

3 years ago

People shop at a wet market in Hong Kong, China, on Sept. 26, 2020.

Markets

Asian markets follow Wall St lower as inflation fears mount

Inflation data have ramped up pressure on policymakers to act soon, with some commentators warning of a possible recession if they did not.

3 years ago

Every watt counts: A worker at state-owned electricity company PLN tests a pre-paid kilowatt-hour meter in Jakarta in July 2020. Energy conservation already offers investment opportunities, but low energy prices and a lack of regulations hamper the business, experts say.

Markets premium

Greater energy efficiency ‘crucial’ for Indonesia’s energy transition

Energy conservation already offers investment opportunities, but low energy prices and a lack of regulations hamper the business, experts say.

3 years ago

Storm clouds hang above the US Capitol Building after a heavy thunderstorm blew through the area on Capitol Hill on July 26, 2021 in Washington, DC. Treasury Secretary Janet Yellen warned on Nov. 16 that the US government may run out of money by Dec. 15.

Markets

Yellen warns US could again hit debt limit on Dec. 15

The US government may run out of money by Dec. 15, Treasury Secretary Janet Yellen warned Tuesday in a letter encouraging lawmakers to raise the country's debt limit to avoid a default.

3 years ago

US President Joe Biden participates in a virtual meeting with Chinese President Xi Jinping at the Roosevelt Room of the White House on Nov. 15, 2021, in Washington, DC., which is Nov. 16 in Beijing.

Markets

Asian markets steady with focus on inflation, Biden-Xi summit

Asian investors trod a cautious path Tuesday, with surging inflation the key point of concern on trading floors, while eyes were also on a virtual summit between Joe Biden and Xi Jinping as they plot their way through a period of tension between the superpowers.

3 years ago