Indonesia Financial News

trading at their 52-week lows. Investing in a falling stock is akin to catching a falling knife that has burned many, with investment values plummeting further. Therefore, buying the dip demands careful consideration.

Burger King's India operator incurred higher raw material expenses while also spending heavily on more stores. The restaurant chain's consolidated net loss widened to 504.8 million rupees ($6.1 million) for the quarter ended June 30, from 475 million rupees a year ago, according to an exchange filing.

Incitec Pivot might be edging closer to selling off its Australian fertilisers business – with Indonesia’s Pupuk Kaltimunderstood to be the preferred bidder – but Morgan Stanley isn’t so sure it’s going to sail through.

Investors in emerging markets are shifting to stocks from bonds as they prepare for the world after monetary tightening. There are early signs of a rotation under way, with equity benchmarks beating local-currency bonds since the beginning of July. And traders are already starting to chase the rally, with Bank of America Corp.

debt markets, bigger gains will come from stocks. The macro backdrop is also tilting in favor of developing nations. Emerging economies are expected to expand almost three percentage points quicker than advanced nations over the next three years, led by China, albeit at a slower pace, and India.

BRICS Summit, the Ministry of External Affairs (MEA) said. "President Ramaphosa invited the prime minister for the BRICS summit being hosted by South Africa on August 22-24, and briefed him on the preparations for the same," the Ministry of External Affairs (MEA) said atfter PM Modi's talks with Ramaphosa. "The prime minister accepted the invitation and conveyed that he looked forward to his visit to Johannesburg to participate in the summit," the MEA said.

Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa

BRICS summit in Johannesburg set to discuss admitting new members, India on Thursday dismissed as «baseless» reports that it is opposed to the expansion of the grouping. It is learnt that New Delhi is yet to take a final decision on Prime Minister Narendra Modi's in-person attendance in the summit of the five-nation grouping from August 22 to 24. The summit is set to extensively deliberate on expansion of BRICS (Brazil, Russia, India, China and South Africa).

New Delhi: Stainless steel consumption in India grew by nearly 10% during the past fiscal year, reaching 4 million tonne, as per data unveiled by the Indian Stainless Steel Development Association (ISSDA). Data released by the industry body indicates that India's per capita stainless steel consumption advanced from 2.5 kg to 2.8 kg, driven by heightened demand for the eco-friendly metal in sectors such as Railways, process industries, and ABC (architecture, building and construction).

music festival starting in northern Germany on Wednesday was forced to cap attendance after heavy rains turned its outdoor venue into a muddy quagmire. Organisers of the annual Wacken Open Air (W:O:A) bash, featuring 150 bands on eight stages over four days, said the event would go forward as planned but with only around 60 percent of the 85,000 ticket-holders after imposing an entry freeze. In messages to «dear metalheads» on social media, the promoters said they regretted having to cap the total audience at the around 50,000 fans who were already present, calling the situation «very sad». «We tried everything but unfortunately we are unable to allow anyone else onto the Holy Ground,» they said, referring to the sprawling rural venue. «There is no other way,» they added, calling it the «first time we've taken this decision in the history of the W:O:A.»

The Indonesian government bought 12 drones worth $300 million from Turkish Aerospace as part of efforts to strengthen archipelagic country's defense system

Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa

India's edible oil imports in July rose to a record 1.76 million metric tonnes as refiners built up stocks for upcoming festivals given uncertainty over supplies from the Black Sea, five dealers told Reuters. Higher purchases by the world's biggest importer of vegetable oils could help to lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. They would also strengthen soyoil futures and could reduce inventories in sunflower oil-producing Black Sea countries.

Incitec Pivot has tapped Indonesia’s Pupuk Kaltim as the preferred buyer of its big Australian fertilisers business, fuelling expectations of a deal worth about $1.5 billion and a potential showdown with politicians and farmers.

DGCA has approved IndiGo's plans to start flight services to Almaty in Kazakhstan. The country's largest airline by domestic market share has embarked on an ambitious international expansion.

America and Indonesia, but ranks tenth in terms of geothermal power generation. For a country heavily dependent on imported energy and struggling to honour its commitment to decarbonise its economy by 2050, this represents a huge missed opportunity. Japan’s sprawling onsen (hot spring) industry is the main obstacle to geothermal development.

India is expected to send a senior diplomat to represent the country at a peace summit seeking to find a way to end the conflict between Russia and Ukraine organised by Saudi Arabia in Jeddah in early August, ET has learnt. India, Brazil and South Africa have been invited to attend the meet of 30 nations as part of Saudi efforts to initiate deal between Ukraine and Russia.

Russia-Ukraine war: Saudi Arabia is set to host Ukrainian-organized peace summit on 5 and 6 August, according to several reports. Saudi Arabia has invited several major countries including India, Britain, United States among others. A report by Wall Street Journal, confirms that Saudi Arabia is set to host talks in August about Ukraine.

The Fed and ECB both lifted borrowing costs by a quarter of a percentage point while keeping options open for their next meetings in September. In Japan, the central bank made a surprise decision to loosen its yield curve control policy — a pillar of its effort to suppress interest rates and stimulate the economy. That stoked speculation of more drastic changes to the country’s ultra-low borrowing costs.

Australia on Saturday agreed to further cooperate with India, Japan, Indonesia, the Philippines and Korea to ensure the security and stability of the Indo-Pacific at the 33rd Australia-US Ministerial Consultations (AUSMIN). Officials from the two countries on Saturday met in Brisbane.

covid virus with 113 unique mutations and leveled it as the «most mutated version». Earlier, the Omicron virus with 50 mutations was said to be the most mutated coronavirus, according to reports.