European stocks are seen opening sharply lower on Wednesday as investors fret about the U.S. economic outlook and await more economic readings this week for clues on the Federal Reserves rate-cutting cycle. Tech shares may face increased selling pressure after reports that the U.S. Justice Department has sent Nvidia a subpoena as part of a...
Chinas service sector continued to expand but the pace of expansion eased since July on softening incoming new business, a monthly survey compiled by S&P Global showed on Wednesday. The headline Caixin services Purchasing Managers Index posted 51.6 in August, down from 52.1 in July and economists forecast of 51.9. The index has remained above...
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Wednesday, as Asian stock markets traded lower, following the sell-off on the Wall Street overnight, as markets in Australia, Japan, South Korea, Hong Kong, Singapore and Taiwan all tumbled. Weak commodity prices, concerns...
The U.S. trade deficit increased to its largest in over two years in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said the trade deficit widened to $78.8 billion in July from a revised $73.0 billion in June. Economists had expected the trade deficit to...
For the third straight meeting, the Bank of Canada on Wednesday announced that is decided to lower interest rates by another quarter point. The Bank of Canada announced its widely expected decision to reduce its target for the overnight rate by 25 basis points to 4.25 percent, with the Bank Rate at 4.50 percent and...
A report released by the Labor Department showed a modest decrease by job openings in the U.S. in the month of July. The Labor Department said job openings edged to 7.67 million in July from a downwardly revised 7.91 million in June. Economists had expected jobless claims to dip to 8.10 million from the 8.18...
After reporting a steep drop by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Wednesday showing factory orders rebounded by slightly more than expected in the month of July. The Commerce Department said factory orders spiked by 5.0 percent in July after plunging by 3.3 percent...
JAKARTA -PT Adira Dinamika Multi Finance Tbk (ADMF) or Adira Finance to pay off Shelf-Registration Bond of 2019 maturing on October 4, 2024. Based on information disclosure quoted Wednesday (4/9), Andreas Kurniawan, Head of Corporate Secretary Regulatory of Adira Finance, confirmed that the company will pay off series C of Shelf-Registration Bond IV Phase VI...
JAKARTA. Total incoming bids recorded in the last auction of Government Securities (lit. Surat Utang Negara/SUN) on September 3, 2024 reached IDR 45.48 trillion, according to the Directorate General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance. There were 7 series of SUN offered by the government in said auction. SPN12250904...
JAKARTA. PT Nev Stored Energy (NSE) will initiate a voluntary tender offer for the shares of PT Green Power Group Tbk (LABA), a steel manufacturer formerly called PT Ladangbaja Murni Tbk. In the issued prospectus, NSE, as the new controlling shareholder of LABA, is required to conduct a mandatory tender offer. However, the mandatory tender...