Indonesia says 2024 budget deficit lower than 2.7% of GDP estimate
JAKARTA (Reuters) -Indonesia’s budget deficit for the 2024 fiscal year came in below the government’s most recent estimate of 2.7% of gross domestic product, Finance Minister Sri Mulyani Indrawati said on Thursday. Without mentioning the exact figure, Sri Mulyani said…
Earthquake of magnitude 4.7 strikes Cobb, California, USGS says
(Reuters) – An earthquake of magnitude 4.7 struck Cobb in northern California on Wednesday, the United States Geological Survey (USGS) said. The quake was at a depth of 1.1 Km (0.68 mile), the USGS said. This post appeared first on…
Ample supply, slow demand to temper oil price gains in 2025
By Anushree Mukherjee and Brijesh Patel (Reuters) -Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts to shore…
Indonesia’s Dec inflation at 1.57% y/y, as expected
JAKARTA (Reuters) – Indonesia’s annual inflation rate in December was 1.57%, barely changed from 1.55% in the previous month, official data showed on Thursday, and close to economists’ estimate of a 1.60% rate in a Reuters poll. The annual core…
China seeks greater global cooperation on drug control
BEIJING (Reuters) – China’s public security minister vowed on Tuesday to deepen international cooperation in the area of drug control, state media Xinhua reported. Wang Xiaohong, who is also the director of the national narcotics control committee, called for “eradicating…
Investors hope for US stock market trifecta in 2025 after back-to-back boom years
By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) -Investors are expecting more gains for the U.S. stock market in 2025 after two straight standout years, fueled by a solid economy supporting corporate profits, moderating interest rates and pro-growth policies from incoming…