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Japan eases policy to shore up weak economy
Japan’s central bank further eased monetary policy Monday in response to a strong yen and growing political pressure to revive a faltering economy.The move comes as Prime Minister Naoto Kan prepares a new set of economic stimulus measures, expected …
Merpati airline to buy 15 planes from China
State-Owned Enterprises Minister Mustafa Abubakar has said he expects the purchase of 15 new aircraft from China for state-run Merpati Nusantara airline is to be settled by end of the year.“Hopefully, we can bring in all of the planes by end of th…
Airlines back in profit in second quarter
The International Air Transport Association says 47 major carriers it monitors to assess the industry’s financial health reported a net profit of $3.9 billion in the second quarter.The results contrast with the $881 million net loss posted by carrier…
World stocks up after Bank of Japan eases policy
Japanese stocks led the way in world markets Monday after the country’s central bank eased monetary policy again in its latest attempt to shore up the economy.Last Friday’s hint from the Federal Reserve chief that the U.S. central bank was ready to …
Eurozone economic sentiment up again in August
Economic confidence in the 16 countries that use the euro rose to its highest level in nearly two-and-a-half years during August, the European Commission said Monday. The Commission said its main economic sentiment indicator rose to 101.8 in August …
Bank Mandiri provides Rp 14.5t cash for holiday season
State-run Bank Mandiri has prepared Rp 14.5 trillion (US$1.6 billion) in cash for its automatic teller machines (ATMs), offices and branches nationwide to fulfill public transaction needs during the Idul Fitri holiday, which will be celebrated on Se…
Japan industrial output rises 0.3 percent in July
Japan’s industrial production in July unexpectedly rose for the first time in two months, as companies bolstered output despite signs of a slowing global economy.Factory production climbed 0.3 percent from June, according to the Ministry of Economy,…
Asian stocks retreat as Nikkei slides 2.6 percent financial services
Asian markets lost ground Tuesday as a strong yen pummeled Japanese shares and after Wall Street fell amid pessimism about the U.S. economy.Japan’s Nikkei 225 stock average led regional delines, down 236.93 points, or 2.6 percent to 8,912.33. Draggi…
Consumption of subsidized fuel to jump by 10 percent
The government forecasts consumption of subsidized fuels will surge by 10 percent from 38.6 million kiloliters this year to 42.55 million kiloliters in 2011.Energy Minister Darwin Saleh told a hearing with the House of Representatives’ Commission …
Out of service?
Out of service? In this photo taken on Friday Aug. 27, 2010, a man chats on his mobile as he walks past the hoarding of BlackBerry mobile in Ahmadabad, India. Indian authorities are scheduled to meet Monday evening, Aug. 30, to decide whethe…
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