Category Archives: World Economy

Central bank reserves policy pushes rouble into line with exporters’ forecasts

Cars are parked outside the headquarters of the Bank of Russia in Moscow April 30, 2015. REUTERS/Sergei Karpukhin

Bank of Russia in Moscow April 30, 2015

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.

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Indonesia’s $326b Retail Market Still Has Strong Appeal, Index Shows


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.

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GE wins deal worth up to $2 billion for engines for Taiwan, others

The logo of U.S. conglomerate General Electric is pictured at the company's site in Belfort, April 27, 2014. REUTERS/Vincent Kessler

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.

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US Companies Eying More Than $1b Investment in Indonesia


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.

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IMF predicts India will hit 7.5 % growth, overtake China

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.

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Indonesia Trade Surplus Rises to $1.13 Billion in March –

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.

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Pratt & Whitney Increases Capacity by Signing $16 Billion in Supplier Long-term Agreements

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.

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