UPDATE 1-G8 energy ministers look inward on oil, spare OPEC

I don't have time to write about this properly, having to go to work and all. Hell, I cannot even afford (time-wise) to post more than one clip from the story before my shower.Suffice it to say this story is worth a look.And only one side note here. Talked with one local...

Bank Indonesia`s key rate may have hit bottom but still conducive for growth

"Bank Indonesia, the country's central bank, announced Thursday that it has cut its benchmark BI rate by 25 basis points to 8.0 percent, saying its inflation target is achievable and the risk stemming from the oil price spike is under control. Over the past four monthly...

Central Bank optimistic inflation target of 6 pct to be achieved

""Until now, we are still optimistic the inflation target of 6, plus and minus 1, percent will be achieved," the director of the bank`s statistics and monetary affairs directorate, Triono Widodo, said on Friday. Earlier in the day, Coordinating Minister for Economic Affairs...

US Dollar Continues to Struggle

The US dollar slipped marginally lower against the EUR and JPY after US productivity data came in slightly below consensus (+0.2% vs +0.4% forecast). US unit labor costs - a gauge of inflationary pressures - rose less than expected as well (+2.3% vs +3.6% expected), which...

Gold Rises Above $600 for 1st Time in 25 Years on Oil Prices

Some investors buy gold as inflation increases to preserve purchasing power.