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Business

  • Ukraine, Moscow clinch deal on Russian gas supply

    Moscow and Kiev on Thursday clinched a deal that will guarantee that Russian gas exports flow into Ukraine and beyond to the European Union throughout the winter despite their intense rivalry over the fighting in eastern Ukraine.

  • How the Dow Jones average fared Thursday

    U.S. stock indexes closed higher Thursday as big companies turned in encouraging quarterly results. The Dow Jones industrial average rose more than 200 points thanks in large part to a big gain in Visa, the Dow's highest-priced stock.

  • US stocks rise in afternoon trading; Visa soars

    U.S. stocks turned higher Thursday as MasterCard and other big companies turned in stronger quarterly results. The Dow Jones industrial average climbed nearly 200 points, thanks largely to Visa, the Dow's highest-priced stock.

  • Rupiah weakens to 12,134 per dollar

    The rupiah exchange rate traded among banks in Jakarta on Thursday afternoon weakened by 52 points to Rp 12,134 per US dollar from Rp 12,082.

     

  • JCI weakens by 0.30%

    The Jakarta Composite Index (JCI) weakened by 15.30 points or 0.30 percent to 5,058.84 during Thursday’s final trading session.

  • Shell: oil drop yet to have full impact on profits

    Shell, Europe's largest oil producer, reported a dip in third quarter profit on Thursday, but said it has yet to feel the full impact of the recent slide in oil prices.

  • Stocks mixed after Fed ends stimulus

    Stock markets mostly rose in Asia but fell in Europe on Thursday after the Federal Reserve said it will end a stimulus program that was as massive as it was controversial. The dollar strengthened after the U.S. central bank hinted at an eventual interest rate hike.

  • Solid third-quarter US economic growth is expected

    It's taken years, but the U.S. economy may finally be reaching a sustainable cruising speed.

  • Samsung vows changes after mobile profit plunges

    Samsung Electronics Co. admitted erring in its smartphone strategy and vowed Thursday to overhaul its handset lineup after profit from those devices tumbled last quarter to the lowest in more than three years.

  • Survey shows strong support for nuclear energy

    The National Nuclear Energy Agency (BATAN) says most Indonesians agree with developing nuclear energy for peaceful purposes.

  • Asia stocks meander after Fed ends stimulus

    Asian stock markets meandered Thursday while the dollar strengthened against other currencies after the Federal Reserve said it will end its stimulus program, as many had expected.

  • JCI weakens by 1.15 points to 5,072 at opening

    The Jakarta Composite Index (JCI) weakened by 1.15 points to 5,072 in the opening session on Thursday morning, while the index of the most liquid LQ45 stocks fell by 0.28 points to 863.18.

  • Foreign Ministry forum to focus on blue economy diplomacy

    The Foreign Ministry will organize a Foreign Relation Policy Study Forum (FKKLN) titled "Blue Economy Diplomacy and Maritime Development: Developing Indonesia to Become a Maritime Axis", in Surabaya, East Java, on Nov. 4.

  • Rupiah weakens slightly to Rp 12,130 at morning session

    The rupiah interbank trade rate weakened to Rp 12,130 against the US dollar from Rp 12,085 in its earlier position, in Jakarta on Thursday morning.

  • Worst is over for crude palm oil

    The worst is over for crude palm oil (CPO), as its price had recovered from a five year-low in September.

  • Marine industry should be more profitable: New minister

    Indonesia’s maritime and fisheries industry will be given a new twist, as the government aims to focus on helping the industry become more business-oriented, the new maritime affairs minister has said.

  • Energy ministry plans internal overhaul

    Energy and Mineral Resources Minister Sudirman Said promised on Wednesday to streamline bureaucracy within his ministry so that problems that often hamper decision making could be eliminated.

  • Reducing logistical costs a priority: Transport minister

    Newly appointed Transportation Minister Ignasius Jonan has pledged to reduce the country’s high logistics costs that have hurt the competitiveness of local products both in the domestic and international markets.

  • New minister aims to give RI tourism marketing touch

    Newly appointed Tourism Minister Arief Yahya, who has a professional background, says the ministry will initially focus on developing information and communication technology (ICT) infrastructure to enhance the ministry’s marketing tools to aim for higher growth in foreign arrivals.

  • Sept auto sales lower than expected

    Based on sales figures released by the Association of Indonesian Automotive Manufacturers (Gaikindo) and the Indonesian Motorcycle Industry Association (AISI), sales of four-wheel (4W) vehicles fell to 103,000, down 11 percent year-on-year (y-o-y) but up 6 percent month-on-month (m-o-m), while sales of two-wheel (2W) vehicles reached 707,000, up 5 percent y-o-y and 6 percent m-o-m (tables 1 and 2).

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