TESCO SHARES ERASE GAINS, FALL 0.2% IN LONDON

Indonesia is planning tighter oversight of commodity exports including coal and palm oil as the government seeks to curb tax evasion and support the rupiah, according to people familiar with the matter. The government is considering creating a new state entity to manage exports and tackle under-invoicing, with the body expected to operate under sovereign wealth fund Danantara, which reports directly to President Prabowo Subianto. Details of the plan remain under discussion and could be announced as early as Wednesday.

AIRBUS TARGETS WIDESPREAD 10% COST CUTS IN PLANEMAKING UNIT AND GROUP HQ, SOURCES SAY AIRBUS COST CUTS ARE IN RESPONSE TO GLOBAL UNCERTAINTY AND SUPPLY CHAIN PROBLEMS, SOURCES SAY AIRBUS COST CUTS ARE IN ADDITION TO THE GROUP'S 'LEAD' COST-SAVING PROGRAMME AND DO NOT AFFECT PRODUCTION, SOURCES SAY