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Jakarta Post
Markets

Bank rescues ease crisis fears but investors worry it's not enough

A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled US lender's shares showed investors were still worried about cracks in the sector.

2 years ago
Markets

Asian markets take breather from banking turmoil, capping tumultuous week

Asian markets extended a risk rally on Wall Street on Friday to end a tumultuous week that saw a brewing banking crisis send bond yields plunging while market participants sharply lowered expectations of future interest rate hikes in Western economies. ...

2 years ago
Markets

Credit Suisse secures $54b lifeline as authorities rush to avert global bank crisis

Credit Suisse on Thursday said it would borrow up to US$54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global banking crisis. ...

2 years ago

The Latest

Markets premium

S&P warns of risks in SOEs after Waskita’s deferred debt payment

S&P Global Ratings says last week’s deferred debt repayment by state-owned construction company PT. Waskita Karya “could test investor appetite for corporate bonds” from Indonesia.

2 years ago
Markets premium

RI smartphone market tightens as Samsung pushes foldable devices

A February market update from Canalys suggests that Korea's Samsung might be leading the year's market trend with high-end foldable devices.

2 years ago
Markets

Dollar jumps to six-week high on higher rate expectations

The dollar surged on Friday to hit a six-week high against a basket of currencies as a bout of resilient economic data out of the United States raised market expectations that more interest rate hikes were in the offing.

2 years ago
Markets

Stocks shrug off rates risk as US consumers spend

Asia's stocks rose on Thursday, with investors choosing to cheer strong US retail sales data as good news for earnings rather than worry about it being likely to support interest rate rises.

2 years ago
Markets

Dollar finds friends after sticky US inflation readout

The dollar found support in Asia on Wednesday after stubbornly high US inflation suggested interest rates are going to remain high for longer than investors had expected.

2 years ago
Markets

Global shares edge higher ahead of US inflation data, yen firms

Global shares edged higher on Tuesday, tracking a rebound on Wall Street ahead of a key US inflation report and speeches by Federal Reserve members, while the yen recouped losses after Japan nominated a new central bank governor.

2 years ago
Markets

Dollar slips as inflation in focus, Ueda nominated as BOJ governor

Markets are looking to the US consumer price index (CPI) data for further clues on Federal Reserve's policy outlook, with the headline number expected to rise 0.5 percent in January, according to a Reuters poll, after falling 0.1 percent in December.

2 years ago
Markets premium

Analyst sees minimal impact on CPO price after Indonesia tightens exports

A recent government decision to tighten palm oil shipments by suspending some export permits will have a negligible impact on global prices, according to an analyst.   

2 years ago
Markets

Asian markets take fresh hit on rate hike worries

Asian equities fell again Monday on growing expectations that US interest rates will go much higher and for longer than previously thought.

2 years ago
Markets

Adani faces fresh risk as MSCI examines free float of its stocks

Billionaire Gautam Adani has seen some US$110 billion wiped off the value of seven firms in the group he founded after US short seller Hindenburg Research accused it of improper use of offshore tax havens and stock manipulation.

2 years ago
Markets

US demands Mexico explain science behind GMO corn ban

The new US agriculture trade chief on Thursday told Reuters that he has given Mexico until Feb. 14 to respond to a US request to explain the science behind Mexico's planned bans on genetically modified corn and glyphosate herbicide.

2 years ago
Markets premium

Despite lithium, nickel still crucial for EV batteries: Industry players

Industry players in the world's largest nickel producer are adamant about the future of the mineral in electric vehicles despite a resurgence in demand for lithium iron phosphate batteries.

2 years ago
Markets

First Australian coal shipment in over two years bound for China

The first Australian coal shipment to China in over two years neared delivery on Thursday, according to shipping data and media reports, as tensions between the two Pacific powers show signs of easing.

2 years ago
Markets

Asian markets mostly up but rate worries keep optimism in check

Most Asian markets rose Wednesday but traders remained on edge after Federal Reserve boss Jerome Powell reiterated that inflation was coming down but interest rates might need to go higher than expected to get it under control.

2 years ago
Markets

Asia stocks steady, dollar strong as markets reassess rates outlook

Asian share markets stabilized somewhat on Tuesday after steep losses in the past 24 hours, while the US dollar remained elevated as investors considered the prospects interest rates would remain higher for longer in many developed economies.

2 years ago
Markets

Most Asian markets drop as US jobs fan rate worries

Asian markets mostly fell Monday and the dollar extended gains after a forecast-busting US jobs report fanned expectations of more Federal Reserve interest rate hikes.

2 years ago
Markets premium

Energy transition, sustainability to boost Pertamina geothermal arm IPO: Analysts

An initial public offering (IPO) by Pertamina Geothermal Energy (PGE), the geothermal arm of state-owned oil and gas giant Pertamina, is expected to receive a positive response from the market with its business being in line with the world’s shift toward renewables and sustainable investments.

2 years ago
Markets

Asian markets drift as weak tech earnings dent recovery optimism

Asian equities were mixed Friday as the optimism over a possible pause in Federal Reserve interest rate hikes again gave way to worries about the global economy as more than a year of monetary tightening kicks in.

2 years ago
Markets

Dollar tumbles as Fed says disinflation in play

The dollar slid on Thursday after the US Federal Reserve said it had turned a corner in the fight against inflation, giving markets a boost in confidence that the end of the central bank's rate-hike campaign was near.

2 years ago
Markets

Asian markets rally with Wall St on softer Fed tone

Most Asian markets rose Thursday and the dollar weakened further on hopes the Federal Reserve's campaign of interest rate hikes could be close to an end after it acknowledged progress in its long-running battle against inflation.

2 years ago
Markets

Asia shares turn cagey as rate hikes, earnings loom

Asian shares turned cagey on Monday ahead of a week that is certain to see interest rates rise in Europe and the United States, along with US jobs and wage data that may influence how much further they still have to go.

2 years ago
Markets premium

CPO exports to drop further as more palm oil goes to biodiesel: GAPKI

The Indonesian Palm Oil Association (GAPKI) expects Indonesian crude palm oil (CPO) exports to decline further in 2023 due to the 35-percent biodiesel blending mandate.

2 years ago
Markets

Cooling US inflation lifts hope for smaller Fed rate hike

Slowing inflation and a cooling property sector are fueling expectations that the US central bank can adopt a smaller interest rate hike this week, as policymakers assess current efforts to rein in prices.

2 years ago
Markets

Asian markets build on rally on hopes US will avoid recession

Asian markets rose again Friday as fears about a possible recession in the US economy were soothed by data showing it grew more than expected in 2022, adding to the broadly upbeat tone across trading floors this year.

2 years ago
Markets

Philippines economy grows 7.6 percent despite inflation threat

The Philippines’ economic growth beat expectations last year, fueled by strong consumer spending despite rising consumer prices, officials said Thursday.

2 years ago
Markets

Asian markets swing as traders weigh growth outlook

Asian markets fluctuated Wednesday as traders in several countries returned from the Lunar New Year break to a soft lead out of Wall Street with recession fears still causing concern.

2 years ago
Markets

Most Asian markets track Wall St rally

Tokyo led gains across most Asian markets again Tuesday, in another day thinned by the Lunar New Year break, with sentiment boosted once more by a surge on Wall Street.

2 years ago
Markets

Dollar in doldrums as euro near 9-month peak, yen bounces

The dollar was on the back foot on Tuesday, hovering near a nine-month low to the euro and giving back recent gains against the yen, as traders continued to gauge the risks of a US recession and the path for Federal Reserve policy.

2 years ago
Markets

Asian markets mixed in holiday-hit trade

Asian markets were mixed in holiday-thinned trade Monday, while the dollar dropped as investors lowered their expectations for US interest rate hikes.

2 years ago
Markets

Euro nears nine-month peak as ECB hawks let fly

The dollar was staring at a fourth straight session of losses against the euro on Monday as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal Reserve.

2 years ago

Today's ePost

Thu, July 13, 2023

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