JAKARTA - PT Indofarma announced that it will sell its assets worth around IDR 312.94 billion consisting of land and buildings located in 10 provinces in Indonesia. President Director of PT Indofarma Tbk (INAF) Yeli Andriani in a public expose today Friday (13/12/2024) explained that the sale of these assets is a strategic step that...
JAKARTA. PT Fajar Surya Wasesa Tbk (FASW), a paper producer for packaging materials, will raise fresh funds through additional capital by providing pre-emptive rights (PMHMETD) or a rights issue. The maximum number of shares to be issued by FASW is 1 billion shares. Each new share has a nominal value of IDR 500 per share,...
JAKARTA - PT Trimegah Bangun Persada Tbk (NCKL) bought 10% of Li Yuen Pte Ltds shares in PT Obi Nickel Cobalt (ONC) in a transaction that took place Friday (13/12). The increase in the portion of the issuers shares in ONC is to increase value creation in line with shareholder interests. Quoted in the information...
U.K. stocks traded higher on Thursday, with commodity-related stocks leading the surge on optimism around more stimulus measures from Beijing. The benchmark FTSE 100 was up 19 points, or 0.2 percent, at 8,321 after rising 0.3 percent the previous day. Miners Anglo American, Antofagasta and Glencore rose between half a percent and 1 percent, while...
European stocks were mixed on Thursday ahead of a European Central Bank (ECB) rate decision later in the day. The ECB is widely expected to cut its benchmark rates by 25 basis points for the third consecutive meeting, citing weaker economic growth and moderating inflation. Earlier today, the Swiss National Bank cut its interest rate...
Amid easing inflationary pressures, the Swiss National Bank reduced its benchmark rate by a sharper-than-expected 50 basis points to curb the strength of the Swiss franc. At the first policy meeting of Martin Schlegel as chairman, the policy rate was lowered to 0.50 percent from 1.00 percent. The new rate takes effect on December 13....
Indian shares ended modestly lower on Thursday as caution crept in ahead of domestic inflation and industrial output data due later in the day. According to a report by Union Bank of India, Indias industrial production growth, as indicated by IIP, may have improved to 3.7 percent year-on-year in October, from 3.1 percent in the...
The Swiss franc weakened against other major currencies in the European session on Thursday, after the Swiss National Bank reduced its benchmark rate by a sharper-than-expected 50 basis points to curb the strength of the Swiss franc. At the first policy meeting of Martin Schlegel as chairman, the policy rate was lowered to 0.50 percent...
Software major Adobe Inc. issued positive outlook for first quarter and fiscal 2025 earnings and revenues, after reporting higher fourth-quarter results above market. Meanwhile, the shares declined around 9 percent in the after-hours trading on Wednesday, and is currently down around 11 percent in the pre-market activity on the Nasdaq. Media reported that the stock...
Discount retailer Target Corp. announced its Holiday Countdown Sale from December 12 through 14, and exclusive deals of up to 40% off through December 24. Further, Christmas Eve same-day delivery for orders are available for the last-minute holiday shoppers. The company is offering incredible same-day fulfillment options including straight to guests home or to friends...