The U.S. Department of Justices antitrust officials have formally asked a federal judge to force Alphabet Inc.s Google to sell Chrome web browser with a view to ending the tech majors illegal monopoly in search. The decision comes after a landmark ruling by District Judge Amit Mehta in August found that Google had violated US...
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended November 16th The report said initial jobless claims slipped to 213,000, a decrease of 6,000 from the previous weeks revised level of 219,000. Economists had expected jobless claims to inch up...
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity softened overall in the month of November. The Philly Fed said its diffusion index for current general activity tumbled to a negative 5.5 in November from a positive 10.3 in October, with a negative reading indicating contraction. Economists had...
European stocks are turning in a mixed performance on Thursday with investors assessing the latest economic data, the impact of the developments on the geopolitical front, and Donald Trumps second term as U.S. President, on global economic growth. The mood remains cautious with investors digesting quarterly results from Nvidia. While earnings surpassed quarterly estimates, the...
Atlantis Subsea Indonesia Tbk (ATLA), an oil and gas company debuted on Indonesia Stock Exchange (IDX) in April 2024, booked net profit of IDR 3.79 billion. Said number is 102% higher compared to ATLA’s net profit in 9M 2023, which arrived at only IDR 1.87 billion. According to the recently released financial report, ATLA’s net...
JAKARTA - Akulaku Group, the major shareholder of PT Bank Neo Commerce Tbk (BBYB) is planning gradual divestment of its shares to 30% of BBYB’s issued and paid-up capital. This plan had reportedly been approved by the shareholders last week (15/11). Agnes Fibri Triliana Dewi, Corporate Secretary of BBYB, mentioned that shareholders have agreed upon...
Tripar Multivision Plus Tbk (RAAM), also known as MVP, opened Platinum Cineplex theatre in Sragen, Central Java, on November 14, 2024. Said theatre is located at Plaza Atrium, Sragen. The opening ceremony was attended by several local government officials, as well as Amit Jethani, Director of PT Platinum Sinema, RAAM’s subsidiary that managed Platinum Cineplex....
JAKARTA - PT Caturkarda Depo Bangunan Tbk (DEPO), a distributor of equipment and building materials, will open three new outlets in Palembang, Pekanbaru and Samarinda. By the end of next year, this issuer is projecting revenue of IDR 2.8 trillion and net profit of IDR 88 billion. In an information disclosure quoted on Wednesday (20/11),...
JAKARTA - PT Pinago Utama Tbk (PNGO)s interim dividend fell 42.85% to IDR 31.25 billion in the 2024 fiscal year from last years interim dividend of IDR 54.68 billion. The decrease in interim dividends is in line with the decline in net profit in the third quarter of 2024. Based on the data compiled by...
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended November 16th. The report said initial jobless claims slipped to 213,000, a decrease of 6,000 from the previous weeks revised level of 219,000. Economists had expected jobless claims to inch up...