01172017Tue
Last update: Tue, 17 Jan 2017 10pm

Business & Finance - Banking & Finance

Bank Indonesia still has room for monetary easing JAKARTA: Indonesia's central bank still sees room for easing monetary policy, but will keep an eye on inflation risks, a deputy governor said on Friday. "If we look at domestic conditions and see conducive conditions, of course there is still some room for easing," Bank Indonesia Deputy Governor Perry Warjiyo told reporters."To push for growth, we are using liquidity more (and looking at) how to push liquidity so that the banking sector issues more credit," he added.Warjiyo said loan growth in 2016 was likely around 9 percent.The Financial Services Authority targets lending to increase 13.5 percent this year.Bank Indonesia cut its benchmark interest rate six times in 2016, by a total of 150 basis points, in a bid to get banks to lend more and to lift the economic growth rate.Copyright Reuters, 2017


Business & Finance - Industries & Sectors

LG Electronics estimates first quarterly operating loss in 6 years SEOUL: South Korea's LG Electronics Inc estimated on Friday it fell to its first quarterly operating loss in six years in October-December, a drop that analysts pinned on continued mobile losses and seasonally weaker appliances sales. The world's second-biggest television maker behind Samsung Electronics Co Ltd said it likely swung to a 35 billion won ($29.36 million) loss for the fourth quarter, its first since a bigger loss in the fourth quarter of 2010.The result ...

Business & Finance - Managed Funds

Portuguese yields rise to highest in almost a year as supply looms LONDON: Spanish and Portuguese borrowing costs rose on Thursday, as bond sales from France and Spain turned investors' attention to hefty supply in the region this month. Spain's 10-year bond yield rose to a three-week high after the country auctioned 4.1 billion euros of bonds. France sold about 9.5 billion euros ($9.97 billion) of long-dated debt on Thursday .In a volatile day of trade, yields were also pushed around by competing factors: the minutes of ...

Business & Finance - Industries & Sectors

Nissan halts joint development of luxury cars with Daimler PARIS: Nissan is halting joint development of luxury cars with Daimler's Mercedes-Benz, sources close to the companies told Reuters, suspending a key project in their seven-year partnership and potentially hitting profitability at a new shared factory in Mexico. Nissan decided in October its premium Infiniti brand would not use "MFA2", an upgraded Daimler car platform that the companies have jointly funded, in part because Infiniti was not performing well enough to absorb Mercedes technology costs, ...

Business & Finance - Industries & Sectors

UK car sales hit annual high before bumpy 2017: data LONDON: Sales of new cars in Britain reached a record high last year, an industry survey showed Thursday, but 2017 was set to experience a growth slowdown on Brexit.Car sales hit a successive high in 2016, rising 2.3 percent to nearly 2.7 million units thanks to new models and low finance deals, the Society of Motor Manufacturers and Traders (SMMT) said in a statement. Sales of Ford led the way, with almost 12-percent market share, ...

Business & Finance - Industries & Sectors

Qatar Airways confirms change to Airbus plane order DOHA: Qatar Airways has renegotiated an order with Airbus to take delivery only of larger A321 planes, not A320s as originally planned, the Gulf carrier's chief executive said on Thursday.The switch to the different aircraft comes after the airline refused to accept four A320neos last year over issues with their engines."We are going to take all A321s, there will be no more A320s," Baker told reporters at a press event in Doha.The original order with ...

Business & Finance - Industries & Sectors

BMW launches first augmented reality dealerships FRANKFURT AM MAIN: BMW customers will be able to view the luxury carmaker's hybrid and electric BMWi cars with augmented reality technology in a world first for car dealerships from Thursday, the manufacturer said.Using a smartphone, potential buyers can view and interact with a virtual car as if it were standing in front of them."In situations where the desired product isn't available on the spot, this visualisation is the next best thing," said BMW executive ...