Word: sentimentals
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...carry on doing business." The Jakarta Stock Exchange plunged some 3% on the day of the bombing but soon rallied, closing the week at 505.36?slightly above Monday's preblast closing. And although Indonesia's currency, the rupiah, held its ground against the greenback, the blast has eroded business sentiment "just when things were turning around," says Thomas Lembong, a former official of the Indonesian Bank Restructuring Agency who is now a private investor. "Indonesia is especially adept at snatching defeat from the jaws of victory." If the failure of the police to prevent the Marriott bombing is any augury...
...Iran have counseled moderation and working with the U.S. authority, the young firebrand Moqtada al-Sadr appears to be wrapping his own bid for supremacy among the Shia in an increasingly strident campaign to confront the occupation, reinforcing his claims to leadership of the streets by channeling popular sentiment over the heads of those taking a more moderate approach. Last weekend's clashes at Karbala, in which one Iraqi was killed and a number wounded in a demonstration sparked by false and probably deliberately fueled rumors that the U.S. had encroached on a Shiite shrine there - provoking further violent clashes...
...eight months. A minimum of 10% is needed to win seats in parliament. Analysts attribute the spike to economic hard times - Cem is seen by many as a Turkish version of Silvio Berlusconi, an entrepreneur whose appeal lies in his business success and can-do attitude. But anti-Western sentiment is growing in Turkey in the aftermath of the Iraq war, partly as a result of the U.S. government's harsh criticism of the country for failing to admit U.S troops. Paradoxically, Uzan's troubles with Motorola are probably helping him politically. The Motorola case "is a point of pride...
...Platon Lebedev, in prison pending an investigation into embezzlement charges. Reflecting the growing concern in business circles about the case, Prime Minister Mikhail Kasyanov said those accused of economic crimes should not be held in preventive custody, and added that the case "harms the country's image and investor sentiment." President Vladimir Putin has remained silent throughout the affair. Linked: Going For The Oligarchs Al-Qaeda Bust SAUDI ARABIA The government announced the capture of 16 al-Qaeda suspects and the seizure of an arsenal of weapons, including antitank launchers, rockets and more than 20 tons of chemical substances used...
...mutineers backed down, it's hard to see Arroyo as a clear victor. The mutiny was a painful black eye for the economist-turned-president on the weekend before her final State of the Nation address on Monday. Government officials fear that the biggest blow could be to investor sentiment towards the economy. "This is really destructive for the image of the country," complains Trade Secretary Mar Roxas. And that's the last thing the Philippines needs...