F.X. Ari Prasetio

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U.S. curbs China's ZTE exports over Iran business allegations

WASHINGTON (Reuters) - A new U.S. export restriction against China’s ZTE Corp (000063.SZ) for alleged Iran sanctions violations is likely to disrupt the telecom manufacturer’s sprawling global supply chain and could create substantial parts shortages, according to sanctions experts.<p>Under the …

U.S. Dept. of Commerce

Pre-Peeled Oranges: What Some Call 'Lazy' Others Call A 'Lifesaver'

Last week, the Twitterverse became enraged after advertising copywriter Nathalie Gordon posted a photo of pre-peeled, plastic-packaged oranges.<p>"If only nature would find a way to cover these oranges so we didn't need to waste so much plastic on them," tweeted Gordon in a post that soon went viral. …

Oil Rallies to Three-Month High

Oil prices surged Monday on hopes that major producers would agree to freeze supply and as positive U.S. economic data fueled optimism about robust demand.<p>The U.S. benchmark contract recently rose $1.67, or 4.7%, to $37.59 a barrel on the New York Mercantile Exchange, the highest intraday price …

Stocks Edge Higher After Recent Rally

Energy shares rise as oil prices climb<p>U.S. stocks tiptoed to their longest rally since October as a rise in oil prices lifted energy shares.<p>Investors said Monday’s small moves marked a pause after major indexes bounced back from February lows to near their highest levels this year on signs of …

Stock Markets

Qantas soars to record $921m half-year profit

<b>Lower oil prices have helped Qantas post a record underlying pre-tax profit of $921m Australian dollars ($665m; £470m) for the six months to December.</b><p>The result is the best first-half profit in the Australian airline's 95-year history.<p>It was $554m higher than the same period in 2014 - an increase …

Indonesian government says Bank Indonesia to review steps to lower policy rate to 4-5 percent

JAKARTA (Reuters) - Indonesia’s Chief Economic Minister Darmin Nasution said he has asked the central bank to review steps to lower the monetary policy rate to 4-5 percent as part of measures to drive down banks’ lending rates.<p>A worker cleans near the front entrance of the Bank Indonesia's …

Indonesia

Want to clean up India? Turn trash into free Wi-Fi

Trash belongs in the garbage bin.<p>It's a simple civic lesson that has frustrated two Mumbai entrepreneurs for years.<p>"India is a country where people love to break the rules," said Raj Desai, cofounder of startup ThinkScream.<p>"We see it on the roads where no one is driving in their lane. We see it in …

Music Festivals

Germany secures record budget surplus

Germany's public finances have stayed in the black for the second straight year. Europe's powerhouse booked a budget surplus in 2015 that was bigger …

Economics

Chinese stimulus could get radical

Slower economic growth, in part due to a government's resolve to accelerate the nation's economic transition towards growth powered by services and consumption, has seen the PBOC policy toolkit become more varied, and unconventional, in recent years.<p>Alongside the six rate cuts and multiple …

Housing Market

Buffett Sold These 3 Stocks. Should You?

Warren Buffett's legendary success as an investor and status as one of the globe's wealthiest people make him someone investors might want to imitate. Given that markets have gotten a bit hit-or-miss lately, following in his footsteps may not be a bad idea, even if it means selling some or all of …

SCORECARD: These are the hedge funds that are killing it this year

It's been a terrible start to the year for hedge funds, with stock, bond and commodities markets all getting beat up.<p>The average hedge fund is down 3.85%, according to Hedge Fund Research. Many are already suffering double-digit losses. It follows a terrible 2015 when the average fund fell …

Chinese stocks surge after the nation's top securities regulator got sacked

The benchmark Shanghai Composite index finished the session up 2.35% at 2,927.175 points, leaving it at the highest closing level seen since January 25.<p>All sectors finished in the black with the big boppers - materials, energy, financials and telecommunications - all gaining more than 2%.<p>The gains …

One of Deutsche Bank's big-name trading execs is in talks to leave the bank

Yoshida was hired to that role in May 2014 from Morgan Stanley, where he had been head of interest-rate distribution in Europe, the Middle East, and Africa.<p>Deutsche Bank declined to comment. Yoshida did not return calls seeking comment in time for publication.<p>The talks over a potential exit follow …

Could the British Pound Fall to $1.30?

The pound suffered its biggest drop in more than six years Monday on mounting fears the U.K. will exit the European Union.

Dow Jones

Oil investment is weakest in 30 years

The oil price crash has squeezed investment in the industry to the weakest levels in 30 years.<p>Capital expenditure on global oil exploration and production is expected to fall 17% in 2016, following a 24% drop in 2015, according to the International Energy Agency's medium term outlook.<p>That will be …

Oil

Crude oil jumps, pushing stocks higher

U.S. stocks jumped Monday as the price of oil surged again, lifting energy stocks as well as mining and chemical companies'. Indexes in Europe and Asia also rose as investors hoped for stimulus to strengthen the economies of those regions and boost sales of energy, building materials and other …

Stock Markets

Inflation Data Has All Eyes on the Fed

With next week’s calendar full of economic data releases and speeches by economic policymakers, investors have been poised to watch the Federal …

Opponents say the laws are killing off the Sydney’s nightlife with venues being forced to close and hundreds of jobs lost along with patronage<p>A rally against Sydney’s lockout laws has turned into a dance party after thousands marched through the city.<p>Related: Analysis shows Sydney’s lockout laws …

Australia turns to agriculture as economy falters

Australia's economy is faced with a double whammy. With the end of the mining boom and a dependence on China, the country is facing risks it hasn't seen in more than two decades.<p>The government is pushing agriculture as the new driver of economic growth - but will it work?<p>The BBC's Asia Business …

Indonesian banks see hurdles to higher lending despite liquidity boost | Reuters

JAKARTA (Reuters) - Bold steps by Indonesia’s central bank aimed at spurring lending to lift economic growth might not generate a significant rise in loans, bankers say.<p>A worker cleans near the front entrance of the Bank Indonesia's headquarters in Jakarta, Indonesia January 14, 2016. REUTERS/Garry …

China's currency devaluation is just getting started

The stark truth is nobody wants yuan anymore.<p>The U.S. dollar (USD) has gained over 35% against major currencies since 2011.<p>China's government has pegged its currency, the yuan (renminbi) to the USD for many years. Until mid-2005, the yuan was pegged at about 8.3 to the dollar. After numerous …

TED 2016: Uber and AirBnB insist it is good to share

<b>The bosses of two of the most talked-about technology companies - Uber and AirBnB - have defended the "sharing economy" at TED conference talks.</b><p>Both firms are under scrutiny from governments around the world over concerns about how they operate.<p>Joe Gebbia, head of AirBnB, and Travis Kalanick, …

Indonesia's president pledges more steps to open economy | Reuters

SAN FRANCISCO (Reuters) - Indonesian President Joko Widodo on Wednesday pledged further steps to open Southeast Asia’s largest economy to foreign investment after announcing the most significant liberalization in a decade last week.<p>Indonesian President Joko Widodo speaks with Reuters during an …

Apple could grab $5B in sales from new 4-inch iPhone, says analyst

Rumors have been floating that Apple will introduce a new iPhone with a 4-inch screen as early as next month. How much money would the company generate from such a phone? One analyst has looked into his crystal ball.<p>Apple could snag $5.5 billion in revenue from a 4-inch iPhone this year, RBC …

iPhone

Apple Suppliers Had ‘Very Good’ January

Shares of Apple Inc. and its suppliers are coming up for air.<p>Investors in Apple and its suppliers have had a rough few months amid concerns about slowing iPhone sales. But one analyst said January was “very good” for a basket of Apple parts suppliers, serving as a lead indicator of future Apple …

U.S. Stocks Lifted by Rally in Battered Sectors

Dow Industrials close up 1.4%, S&P 500 rises 1.7%<p>The S&P 500 rallied to its biggest two-session gain since late August, as investors bought shares broadly and favored some of the month’s most-battered sectors, like finance and technology.<p>Investors also sold assets perceived as safe, such as gold …

Stock Markets

Indonesia export, import slump deepens; central bank may cut rates | Reuters

JAKARTA (Reuters) - Indonesia posted a small trade surplus in January, confounding expectations for a third monthly deficit, due largely to a slump in imports from persistently weak domestic consumption.<p>Ships are seen moored off of Tanjung Priok port in North Jakarta, Indonesia December 15, 2015. …

The Latest: European stocks close sharply higher, euro falls

LONDON (AP) — The latest on the turmoil in global financial markets (all times local):<p>5:00 p.m.<p>European markets have closed higher after the head of …