JAKARTA, Indonesia (AP) — Fuel prices increased by about 30% across Indonesia on Saturday after the government reduced some of the costly subsidies that have kept inflation in Southeast Asia’s largest economy among the world’s lowest. Indonesians have been fretting for weeks about a looming increase in the price of subsidized Pertalite RON-90 gasoline sold…
CERNOBBIO, Italy (Reuters) – Italy wants a stronger national telecoms network, Innovation Minister Vittorio Colao said on Saturday, adding this could be achieved by merging Telecom Italia (TIM) and Open Fiber assets as long as competition in the sector is maintained. “What we’re keen on is a national telecoms infrastructure ensuring great performance and quality”,…
(Reuters) -Russia’s Gazprom said on Saturday Siemens was ready to carry out repairs on the Nord Stream 1 pipeline but there was nowhere available to carry out the work, a suggestion Siemens denied and said it had not been asked to do the job. Gazprom’s statement came a day after it said it would not…
BERLIN (Reuters) -Volkswagen’s management and supervisory boards will discuss at a meeting on Monday whether the long-anticipated listing of sportscar brand Porsche in late September or early October should go ahead, the carmaker said on Saturday. A decision will also be made on whether Volkswagen approves of the sale of 25% plus one share of…
(Reuters) – Russia’s Gazprom said it would ship 42.7 million cubic metres (mcm) of natural gas to Europe through Ukraine on Saturday, hours after it announced that flows through the Nord Stream 1 pipeline to Germany would not resume as planned. Flows via the Sudzha entry point were up slightly compared to the 41.3 mcm…
By Howard Schneider (Reuters) – Federal Reserve officials have acknowledged that the battle against inflation will be paid for with lost jobs, and the U.S. central bank will need an unlikely combination of events to keep those losses to a minimum as interest rates continue to rise. Economists assessing the trade-off facing the Fed estimate…
