A reading on U.S. manufacturing activity saw a modest increase in the month of August but continued to indicate contraction, according to a report released by the Institute for Supply Management on Tuesday. The ISM said its manufacturing PMI inched up to 47.2 in August from 46.8 in July, with a reading below 50 indicating...
The Commerce Department released a repot on Tuesday unexpectedly showing a decrease by U.S. construction spending in the month of July. The report said construction spending fell by 0.3 percent to an annual rate of $2.163 trillion in July, while revised data showed construction spending was nearly unchanged at an annual rate of $2.169 trillion...
The Canadian market is down sharply in negative territory around noon on Tuesday with stocks from across several sectors reeling under a severe bout of selling pressure. Energy and materials stocks are down on weak commodity prices. Technology and consumer discretionary stocks are among the other major losers. The benchmark S&P/TSX Composite Index is down...
The pound fell against its major counterparts in the New York session on Tuesday, as investors awaited key U.S. economic data, including Fridays non-farm payrolls report for August to gauge the size of the Federal Reserves rate cut later this month. Fridays U.S. jobs report is crucial as an apparently cooling labor market might reignite...
JAKARTA - This September, PT Indah Kiat Pulp & Paper Tbk (INKP), a paper and cardboard packaging manufacturer, is expected to pay two bond payments simultaneously. The Sinarmas Group subsidiarysShelf Registration BondIV Indah Kiat Pulp & Paper Stage II 2023 Series A is scheduled to mature on September 5th, 2024, with a valuation of IDR...
JAKARTA - Conglomerate and controller of PT Bayan Resources Tbk (BYAN), Low Tuck Kwong, gave his daughter Elaine Low control over 7.33 billion BYAN shares on Wednesday, August 28. Elaine now owns 22% of the shares in the coal mining and contractor company, while Low Tuck Kwongs share portion decreased from 62.15% to just 40.15%....
The Hong Kong stock market has moved lower in two straight sessions, slumping almost 340 points or 2 percent in that span. The Hang Seng Index now sits just above the 17,650-point plateau and its likely in store for more pain on Wednesday. The global forecast for the Asian markets is broadly negative on concerns...
JAKARTA - Through PT Mirae Asset Sekuritas Indonesia, PT Kharisma Andalas Putra purchased 255.65 million shares of real estate developer PT Perdana Gapura Prima Tbk (GPRA) on Thursday, August 29. With a 5.98% share portion, the purchase instantly made this investor the newest major shareholder in GPRA. However, GPRAs controller, PT Abadimukti Gunalestari, actually decreased...
The Indonesia stock market on Tuesday snapped the two-day winning streak in which it had advanced almost 70 points or 0.9 percent. The Jakarta Composite Index now sits just above the 7,615-point plateau and its expected to open in the red again on Wednesday. The global forecast for the Asian markets is broadly negative on...
JAKARTA - On Monday, September 2, foreign investors purchased up to 2.54 billion shares. Foreign sales volume then totaled 1.95 billion shares, resulting in a net foreign volume surplus of 586.51 million shares. The digital company PT GoTo Gojek Tokopedia Tbk (GOTO) had the highest number of shares purchased, with foreign investors purchasing 464.65 million...