The number of mortgage applications in the U.S. fell for the third week in a row, but at a slower pace in the week ended October 18, as higher interest rates continue to weigh on demand, results of a survey by the Mortgage Bankers Association showed Wednesday. The Market Composite Index, a measure of mortgage...
Following three straight quarter point interest rate cuts, the Bank of Canada on Wednesday announced its widely expected decision to slash rates by a half point. The Bank of Canada said it decided to reduce its target for the overnight rate by 50 basis points to 3.75 percent, with the Bank Rate at 4 percent...
JAKARTA - On Friday (11/10), share purchasing and selling operations made similar results, with the foreign buying volume of 2.31 billion shares and the foreign selling volume of 2.27 billion shares. As a result, net foreign volume ended at 41.01 million shares. On the top buy list, foreign investors began by purchasing 144.13 million shares...
JAKARTA. PT Oki Pulp & Paper Mills (OPPM), a pulp & paper manufacturer of Sinarmas Group, will issue Shelf-Registration Bond Phase IV Year 2024 of IDR 2.25 trillion and Shelf-Registration USD Bond I Phase VI Year 2024 of USD 7.95 million. The upcoming IDR bond by OPPM will be offered in 3 series, with coupons...
Astra International Tbk (ASII) booked car sales of 357,802 units until the end of September (9M) 2024, dropped 15.09% year-on-year (yoy) from the same period last year. This decline was also seen in car sales of ASII in September 2024, which only reached 40,096 units and contrasting with August 2024’s number that reached 42,195 units....
JAKARTA. Total incoming bids recorded for Government Securities (lit. Surat Utang Negara/SUN) in the auction on Tuesday (15/10) reportedly reached IDR 44.27 trillion, as stated by Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance. There were 7 series of SUN auctioned off by the Indonesian government, consisting of 2 series...
Fortune Indonesia Tbk (FORU) is currently exploring some new business opportunities outside its long-established core sector, media and printing. Sari Dewi, Corporate Secretary of FORU, mentioned that there are 4 business sectors explored by the company, namely steel manufacturer, mining infrastructure service provider, heavy equipment and machine lease, as well as mining. “The company recognises...
A report released by the National Association of Realtors on Wednesday unexpectedly showed a continued decrease by existing home sales in the U.S. in the month of September. NAR said existing home sales slid by 1.0 percent to an annual rate of 3.84 million in September after tumbling by 2.0 percent to a revised rate...
Despite the Bank of Canadas big 50-basis point interest rate cut, the Canadian market is languishing in negative territory on Wednesday after a weak start, with stocks from energy and materials sectors reeling under selling pressure due to declining commodity prices. Shares from utilities, technology and healthcare sectors are among the other notable losers. The...
The Taiwan stock market has moved lower in back-to-back sessions, shedding more than 200 points or 0.9 percent along the way. The Taiwan Stock Exchange now rests just above the 23,330-point plateau and it may take further damage again on Thursday. The global forecast for the Asian markets is negative amid rising treasury yields and...