The Thai stock market on Friday snapped the four-day losing streak in which it had dropped almost 35 points or 2.5 percent. The Stock Exchange of Thailand now sits just above the 1,460-point plateau although it may hand back those gains on Monday. The global forecast for the Asian markets is murky amid concerns over...
Intel Corp. has won a long-running court battle in the European Union, where the Court of Justice, Europes top court, upheld the annulment by the General Court of a 1.06 billion euros fine imposed by the Commission on the chipmaker. The European regulator had alleged an abuse of a dominant position on the part of...
Shares of Unilever Plc were gaining around 3 percent in the Amsterdam trading as well as on the NYSE on Thursday after the consumer goods major reported higher underlying sales growth in its third quarter, and maintained its fiscal 2024 growth forecast. The third-quarter sales, on a reported basis, remained flat. CEO Hein Schumacher said,...
JAKARTA - The movement of the Composite Stock Price Index (IHSG) crept up from the early trading session until midday at 12.00 WIB. The momentum for strengthening this Index coincides with the provision of ministerial and deputy ministerial candidates Prabowo Subianto, President-elect in the 2024 presidential election in Hambalang, Bogor. In the morning, the JCI...
JAKARTA. The Indonesian government once again will hold an auction of Government Sharia Securities (SBSN) or government sukuk on Tuesday, 22 October, 2024. There are 7 series of state sukuk that will be offered in the auction, according to information from the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance....
JAKARTA. The Indonesian Securities Rating Agency (Pefindo) has lowered the rating of PT PP Properti Tbk (PPRO) on Wednesday (16/10) to idSD (Selective Default) due to the status of default on its obligations. Apart from that, Pefindo also lowered the rating of Shelf Registration Bonds II Phase IV to idD. Previously, this debt security received...
JAKARTA - Indonesias trade balance during January-September 2024 fell 20.71% compared to the same period in 2023. The decline in the trade balance was due to an increase in the deficit in the oil and gas sector and a decline in the non-oil and gas sector. Data from the Central Statistics Agency (BPS) quoted Thursday...
JAKARTA - PT Adaro Energy Indonesia Tbk (ADRO) will divest a maximum of 7 billion shares in PT Adaro Andalan Indonesia (AAI) to its shareholders (Public Offering by Shareholders/PUPS). This issuer will offer its shares in AAI to shareholders registered in the Shareholders Register (DPS) as of November 27, 2024. In an information disclosure quoted...
New home sales in the U.S. rebounded by much more than expected in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said new home sales surged by 4.1 percent to an annual rate of 738,000 in September after tumbling by 2.3 percent to a revised...
The Canadian dollar dropped against its most major counterparts in the New York session on Thursday. The loonie fell to 1.3853 against the greenback, from an early 3-day high of 1.3812. The loonie weakened to a 2-day low of 1.4963 against the euro, from an early more than 2-week high of 1.4886. The loonie reached...