The Switzerland stock market ended notably lower on Tuesday, in line with markets across Europe, as worries about growth and uncertainty about the likely pace of Fed interest rate cuts weighed on sentiment. Investors also digested the latest batch of Swiss economic data. The benchmark SMI, which dropped to a low of 12,293.90, ended down...
AKARTA -PT Pool Advista Finance Tbk (POLA) files an objection to Attorney General’s Office regarding the confiscation of POLA’s office building worth IDR 47.37 billion in North Grogol, Jakarta. Ferry Junarso, President Director of POLA, mentioned that the confiscation will affect operational activities of the company. “The value of assets according to the Financial Report...
Wijaya Karya (Persero) Tbk (WIKA) has secured the contract for the construction of new Jetty 1 in Integrated Terminal Manggis, Bali. Said contract was received from PT Pertamina Patra Niaga, with contract value reaching IDR 475 billion. Mahendra Vijaya, Corporate Secretary of WIKA, said that the construction of Jetty 1 is intended to optimise stevedoring...
The Canadian market ended sharply lower on Tuesday, weighed down by losses in energy, materials and technology sectors. Weak commodity prices, and concerns about global economic growth and uncertainty about the pace of U.S. interest rate cuts rendered the mood bearish. The benchmark S&P/TSX Composite Index, which fell to a low of 22,976.55, losing nearly...
The Japanese stock market is trading sharply lower on Wednesday, adding to the slight losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling more than 3 percent to below the 37,500 level, with weakness across all sectors led by index heavyweights and technology stocks. The...
Asian stock markets are mostly trading sharply lower on Wednesday, 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 about global economic growth and uncertainty about the pace of U.S. interest rate cuts weighed on the markets. Asian...
Indian shares followed global peers lower on Wednesday as weak manufacturing data added to concerns that the U.S. economy could be headed to a recession. Investors also looked ahead to the release of all-important U.S. jobs data on Friday for potential clues to Federal Reserve rate cuts. The benchmark S&P/BSE Sensex fell 490 points, or...
Final composite Purchasing Managers survey results from the euro area and the UK are due on Wednesday, headlining a busy day for the European economic news. At 3.15 am ET, services PMI survey data is due from Spain. Economists forecast the index to rise to 54.8 in August from 53.9 in the previous month. At...
Elliott Investment Management L.P. now holds 10 percent stake in Southwest Airlines Co., crossing the threshold that would allow the investment firm to call a special meeting, Reuters reported citing a person familiar with the matter. The development comes as the airline and the hedge fund, amid its ongoing public fight, are scheduled to meet...
7-Eleven, Inc., which operates more than 13,000 convenience-retailing stores, announced the launch of a new Slurpee drink flavor, Coca-Cola OREO Zero Sugar, ahead of the brands annual Slurpee Day celebration. The Irving, Texas-based company said the limited-time Slurpee drink with Coca-Cola and OREO is exclusively available at participating 7-Eleven, Speedway and Stripes stores across the...