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Rolls-Royce says SFO begins formal bribery investigation

LONDON (Reuters) – Aerospace and defense group Rolls-Royce said Britain’s Serious Fraud Office (SFO) had launched a formal investigation into concerns raised a year ago of possible bribery and corruption in China and Indonesia. Rolls Royce, the world’s second-... More »

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Developing Asia can weather Fed’s tapering, says ADB

MANILA (Reuters) – Asian economies can ride out the storm when the Federal Reserve finally begins ending years of easy money, with even those most at risk, India and Indonesia, holding enough currency reserves for rough times ahead, according to the Asian Deve... More »

Lion Air looks to fill ‘thin’ routes with Bombardier C300s

MONTREAL (Reuters) – Indonesia’s Lion Air is looking to fill “thin” routes with Bombardier Inc’s C300 jets, as it challenges Malaysia’s AirAsia Bhd (AIRA.KL ) in Southeast Asia’s quick-growing market for budget travel. Chief executive Rusdi Kirana told Reuters... More »

Indian, Indonesian currencies come under fire

SYDNEY (Reuters) – India’s currency cartwheeled to historic lows on Monday while markets in Indonesia took a spill, evidence of how rising U.S. yields are making it harder for emerging nations to fund their current account deficits. The turbulence heightened i... More »

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Indonesian president worried by growing religious intolerance

JAKARTA (Reuters) – Indonesia’s President Susilo Bambang Yudhoyono said he was concerned by growing religious intolerance in the country with world’s largest Muslim population, which many analysts say his administration has failed to contain. Indonesia has rec... More »

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Indonesian anti-graft agency arrests head of energy regulator

JAKARTA (Reuters) – Indonesia’s anti-graft agency on Wednesday arrested the head of the energy regulator to probe allegations he took more than half a million dollars from an oil firm, piling more uncertainty on energy policy in Southeast Asia’s biggest econom... More »

World Bank lowers outlook for Indonesia economy this year

JAKARTA (Reuters) – The World Bank on Tuesday lowered its forecast for economic growth in Indonesia this year due to a slower-than-expected recovery in exports, a weaker outlook for foreign investment and softer commodity prices. In its quarterly economic outl... More »

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Australian body faults Rolls-Royce over Qantas engine explosion

SINGAPORE/CANBERRA (Reuters) – Rolls-Royce Plc RROYC.UL repeatedly failed to identify a defect that caused one of its engines to explode on a Qantas Airways Ltd (QAN.AX ) aircraft carrying more than 400 people over Indonesia three years ago, an Australian safe... More »

Thai stocks worth a look, but be cautious

The author is a Reuters columnist and the opinions expressed are his own. For more from John Wasik see link.reuters.com/syk97s By John Wasik CHICAGO (Reuters) – Most emerging market talk focuses on BRICS – Brazil, Russia, India, China and South Africa – or may... More »