By Nell Mackenzie (Reuters) -World stocks inched higher, European bond yields dropped and the dollar held firm in light trading on Monday following warnings from the International Monetary Fund’s managing director that a third of the world will fall into recession in 2023. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.04%, just short …
By Dhara Ranasinghe LONDON (Reuters) -The dollar edged up on Monday, pulling away from recent six-month lows against a basket of major currencies. The U.S. currency has weakened as markets bet a Federal Reserve tightening cycle may be nearing an end. Sentiment remained fragile and the first trading day of the year was subdued, with …
JAKARTA (Reuters) – Indonesia has approved the first plan of development for the Tuna offshore gas field with total estimated investment of $3.07 billion up to the start of production, upstream oil and gas regulator SKK Migas said on Monday. The Tuna field, located in the South China Sea between Indonesia and Vietnam, is expected …
Indonesia approves $3 billion development plan for South China Sea gas block Read More »
JAKARTA (Reuters) – Indonesia is targeting 170 trillion rupiah ($10.92 billion) in capital market fundraising for this year, including from initial public offerings and debt instruments, its financial regulator said on Monday, well below the amount raised in 2022. About 260 trillion rupiah was raised through the capital market last year, including the IPO of …
Indonesia eyes $11 billion in capital market fundraising this year Read More »
ISLAMABAD (Reuters) – Pakistan’s consumer price index rose 24.5% in December, year-on-year, the statistics bureau said on Monday. Prices were up 0.5% in December from the previous month, the bureau said in a press release. In November, the CPI rise was 23.8%, year-on-year. (Reporting by Charlotte Greenfield and Shivam Patel; Editing by Andrew Heavens)
(Adds full name of acting minister in paragraph 2) By Mohammad Yunus Yawar KABUL (Reuters) – The Taliban administration will encourage self-sufficiency and wants international trade and investment, the acting commerce minister said, as Afghanistan faces isolation and suspension of some humanitarian operations over restrictions on women. “We will start a national self-sufficiency programme, we …
Taliban seeks economic self-sufficiency and foreign investment for Afghanistan -minister Read More »
JAKARTA (Reuters) – Indonesia’s inflation rose slightly in December and remained above the central bank’s target range for the seventh straight month, official data showed on Monday. The headline annual inflation rate picked up to 5.51% in December, compared with 5.42% in November and 5.39% expected by analysts polled by Reuters. Bank Indonesia’s inflation target …
Indonesia’s Dec inflation inches up to 5.51% y/y Read More »
BEIJING (Reuters) – China Energy Investment Corporation said on Monday China’s National Development and Reform Commission in Qinghai province has approved a hydro power plant worth 17 billion yuan ($2.46 billion) on Dec. 30 in the province. The plant is a so-called pumped storage hydropower facility that is used to pump water from a lower …
China approves 17 billion yuan hydro power plant in Qinghai province Read More »
SEOUL (Reuters) – South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers’ strike led to the worst slump in demand in 2-1/2 years. The S&P Global purchasing managers’ index (PMI) for South Korea manufacturers fell to a …
South Korea Dec factory activity weakens on demand slump, trucker strike – PMI Read More »
SEOUL (Reuters) – South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers’ strike led to the worst slump in demand in 2-1/2 years. The S&P Global purchasing managers’ index (PMI) for South Korea manufacturers fell to a …
South Korea December factory activity weakens on demand slump, trucker strike Read More »
