Indonesia News
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Updated 51 minutes ago
Farmers in Vietnam, the world’s largest robusta coffee producer, have sold 50 percent to 55 percent of the 2011-12 crop, according to Volcafe, the coffee unit of commodities trader ED&F Man Holdings Ltd.
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Emerging-market stocks rose, with the benchmark index set for a third weekly gain, after U.S. jobless claims fell and amid speculation China may introduce policies to support growth at a national congress next week.
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PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 3,000 metric tons of 5,250 tons that it offered at an auction in Jakarta.
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Indonesia’s rupiah dropped for a second day and bonds fell on concern the government’s plan to reduce fuel subsidies will re-ignite inflation in Southeast Asia’s biggest economy.
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Asia’s job markets are holding up even as the European crisis hurts exports, auguring stability in domestic demand that reduces the case for the region’s central banks to add monetary stimulus.
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Emerging-market stocks rose, with the benchmark index set for a third weekly gain, after U.S. jobless claims fell and amid speculation China may introduce policies to support growth at a national congress next week.
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Asian currencies advanced for a third week after reports signaled a pickup in U.S. economic growth, spurring inflows into emerging-market assets.
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CIMB Group Holdings Bhd., Malaysia’s second-biggest lender, plans to keep the majority of the 150 Australia-based staff currently employed in the divisions of Royal Bank of Scotland Group Plc that it seeks to acquire.
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Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the previous close.
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Commodities, led by oil, beat stocks, bonds and the dollar for the first time since July as the European Union prepared to embargo Iranian crude, the U.S. economy improved and China took steps to shore up growth.
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