Indonesia News
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Updated 35 minutes ago
Rubber headed for the first weekly advance in five as the yen near a four-year low against the dollar boosted investor interest in the yen-denominated futures and after Thailand took measures to bolster prices.
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Over the last decade London became a second home for billionaire resources oligarchs attracted by its stability and flexible tax laws.
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Geothermal energy capacity will more than double by 2030 as developing economies including Indonesia, Chile and Kenya take advantage of natural resources, according to Bloomberg New Energy Finance.
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Updated 24 minutes ago
Lebanon plans to sell overseas dollar bonds for the first time in 2013 during the busiest week for emerging-market issuers this year.
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Nissan Motor Co. plans to start making low-cost Datsun models in Russia next year using a chassis by OAO AvtoVAZ, the second foreign auto maker to integrate a Russian base into an international brand after the Chevrolet Niva began production in 2000.
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Updated 15 minutes ago
Five years ago, property agent Daisul Akhyar took 20 minutes to drive to work in Pekanbaru, capital of Indonesia’s Riau province. Now, he can spend two hours in traffic after a surge in wealth transformed the city.
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Indonesia held its benchmark interest rate for a 14th consecutive meeting as plans to cut fuel subsidies boost inflation risks, reducing scope for monetary easing even as falling exports crimp economic growth.
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China’s largest oil company raised dollars at the lowest-ever cost for an issuer from the nation in a sign of investor confidence on the same day Fitch Ratings Ltd. cut the sovereign credit rating.
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Indonesia’s bonds advanced, pushing the two-year yield to the lowest level in almost a week, on speculation foreign inflows will recover. The rupiah touched the strongest level in almost six weeks.
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Rubber climbed to a two-week high as Japan’s currency neared 100 per dollar, a level unseen since April 2009, bolstering demand for the yen-based futures.
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