The US Consumer Financial Protection Bureau or CFPB has finalized a rule to supervise Apple Inc. and other major technology firms that offer digital funds transfer and payment wallet apps, and treat them more like banks. In a statement, the US consumer watchdog said the rule on federal oversight of popular digital payment apps by...
Consumer sentiment in the U.S. improved less than previously estimated in the month of November, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for November was downwardly revised to 71.8 from the preliminary reading of 73.0. While the downward revision surprised economists,...
European stocks closed on a firm note on Friday as some weak economic data raised expectations that the central banks will reduce interest rates further to boost growth. In addition to digesting regional economic data, investors continued to follow the developments on the geopolitical front. Bank stocks ended notably lower, while real estate and retail...
Swiss stocks closed on a bright note on Friday, in line with markets across Europe, as weak manufacturing and services sector data from major European countries such as the U.K., Germany and France raised hopes that central banks will cut interest rates further to help revive growth. The benchmark SMI ended higher by 124.91 points...
The Canadian market closed modestly higher on Friday, lifted by gains in industrials and energy stocks. Positive reaction to the nations retails data and the recent announcement of a mini stimulus package contributed to the upside. The benchmark S&P/TSX Composite Index, which advanced to a new all-time high of 25,478.37, settled at 25,444.28 with a...
JAKARTA. PT Adaro Andalan Indonesia (AADI), a coal mining company underPT Adaro Energy Indonesia Tbk (ADRO), will initiate its public offering (IPO) in Indonesia Stock Exchange (IDX). The number of shares offered by AADI is 778.68 million, equal to 10% of total issued and paid-up capital of AADI post-IPO. Each share has a value of...
JAKARTA – At Tuesday’s (19/11) morning session, Jakarta Stock Price Composite Index (JCI) demonstrated an optimistic trend. The index opened at 7,147.26 points at 9 AM WIB and climbed to 7,206.84 by 10:50 AM WIB. As of just before 11:00 AM, the index was moving consistently upwards, maintaining strides since the market opened. This morning’s...
JAKARTA - PT Prima Andalan Prima Tbk (MCOL)s interim dividend in the 2024 financial year was down by 56% from 2023. This years interim dividend is also lower than in 2022, amounting to IDR 350 or IDR 1.24 trillion. Based on the data compiled by IDN Financials, Tuesday (19/11), MCOLs interim dividend was recorded at...
JAKARTA. PT Bakrie Telecom Tbk (BTEL), a telecommunications issuer belonging to the Bakrie Group, posted a loss of IDR 54.49 billion in the first nine months (9M) of 2024. This loss was 26% lower year-on-year (yoy) or compared to the same period last year, where BTELs loss reached IDR 73.66 billion. According to the financial...
JAKARTA - PT Sarana Multi Infrastruktur (Persero) will offer Shelf-Registration Bond IV Phase II Year 2024 worth IDR 2.7 trillion in early December 2024. The proceeds of this bond issuance will be utilised for infrastructure financing. In the prospectus quoted Tuesday (19/11), it is said that the bond will be split into four series with...