The Russian central bank’s plan to buy foreign currency to build up its reserves has moved the rouble back towards levels assumed by the country’s largest exporters after a spike in its value earlier this year.
Category Archives: World Economy
Jakarta. Indonesia achieved its highest-ever ranking in an index released by global management consultancy A.T. Kearney that measures retail investment worldwide, as retailers seek to expand in the country to tap the burgeoning middle-income population.
WASHINGTON General Electric Co has won a five-year contract valued at up to $2 billion to supply helicopter engines to the government of Taiwan and support a number of U.S. military services, the Defense Department said on Friday.
Jakarta. A delegation of top executives from 10 major US companies arrived in Jakarta on Monday, as they seek to forge stronger business relationships in Indonesia and are collectively considering more than $1 billion in new investment over the next three to five years.
US-Asean Business council, the organizer of the visit, said in a statement on Monday that the envoy is scheduled to meet government officials and business leaders in Indonesia — including President Joko Widodo; the Coordinating Minister for Economic Affairs Sofyan Djlail; and chairman of the Indonesian Investment Coordination Board (BKPM) Franky Sibarani.
The International Monetary Fund on Tuesday forecast India’s growth to strengthen from 7.2 per cent in 2014 to 7.5 per cent in both 2015 and 2016, overtaking China’s growth — for the first time since 1999 — that it projected will slow down to 6.8 per cent.
JAKARTA–Indonesia’s trade surplus increased to $1.13 billion in March from $738 million in February as exports rose faster than imports from a month earlier, the official statistics agency said Wednesday.
The median forecast of 10 economists polled by the Wall Street Journal was for a surplus of $582 million.
HARTFORD, Conn., Oct. 2, 2014 /PRNewswire/ — At its semi-annual Partner and Supplier Forum, Pratt & Whitney, a United Technologies Corp. company announced it has signed an additional $6 billion in long-term agreements since May. In total, Pratt & Whitney has signed more than 135 agreements with a projected spend of $16 billion to support the company’s expected production increase. The agreements, which are with key product suppliers from around the world, will help the company increase capacity as it prepares to more than double engine production over the next decade.
NEW DELHI: The present government’s effort to expedite major reforms and their successful implementation could push India’s gross domestic product (GDP) to over $ 4.5 trillion by FY20, a Dun & Bradstreet report said today.
According to the global business information, knowledge and insight provider, India is likely to achieve an average growth rate of around 7.5 per cent during FY15-FY20.
JOHANNESBURG, July 3 (Reuters) – South Africa’s main stock indices inched to record highs on Thursday, tracking an upbeat tone in major overseas markets, with mining shares adding the most points as metal prices advanced.
Bourse and mining heavyweight Anglo American gained 2.66 percent to 279.65 rand and rival BHP Billiton was up 1.54 percent at 367.21 rand.
Indonesia’s central bank meets on Thursday, its first since the start of the presidential election campaign.