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.
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.
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.
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.