Unemployment in Germany increased in December albeit at a slower-than-expected pace with the onset of the winter break, official data showed on Friday. The number of jobless increased by 10,000 in December, a bigger increased compared to the 6,000 in November, the Federal Employment Agency reported. Unemployment was forecast to rise by 15,000. The unemployment...
JAKARTA - PT Bangun Karya Perkasa Jaya Tbk (KRYA) secured a contract to build Depo Tomo worth IDR 23.87 billion from PT Niagatama Kencana (NK), a subsidiary of Wings Group. Dharmo Budiono, President Director of KRYA, said that the warehouse project is targeted to be completed in eight months since the groundbreaking last week (3/1)....
JAKARTA - PT Darma Henwa Tbk (DEWA) is continuing its efforts to eliminate an accumulated loss or deficit of Rp1.08 trillion by offsetting (netting off) currency adjustment balances against negative retained earnings (deficit). Previously, the company had planned to seek shareholder approval for this deficit elimination plan during the Extraordinary General Meeting of Shareholders (EGMS)...
JAKARTA – Agatha Nindyas sale of 58.74 million shares of PT Techno9 Indonesia Tbk (NINE) marked the start of market hints, or the purchasing and selling of shares by investors who possess more than 5% of the shares, on Friday, January 3. This individual investor decreased her ownership stake in NINE from 13.35% to about...
JAKARTA – Jakarta Composite Index (JCI) remained flat from the opening of the morning session to the close of the afternoon session on Tuesday (7/1). By the end of the day, JCI closed at 7,083.28 points at 4:00 PM WIB, largely unchanged from the morning session opening at 7,085.56 points. The decline in the shares...
JAKARTA – PT Mayora Indah Tbk (MYOR), a leading fast-moving consumer goods (FMCG) company in Indonesia, plans to dissolve one of its subsidiaries in the Netherlands, Mayora Nederland BV. Yuni Gunawan, Corporate Secretary of MYOR, stated that Mayora Nederland, which is 100% owned by the company, is no longer operational and has no future plans....
Shares of Tesla, Inc. fell around 6.1 percent on Thursdays regular trading after the luxury electric vehicle maker reported a decline in annual deliveries for the first time. The company also reported weak production in the year and in the fourth quarter, while quarterly sales were higher. On the Nasdaq, Tesla stock moved 1.1 percent...
Manufacturing activity in the U.S. contracted at a slower rate in the month of December, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI inched up to 49.3 in December from 48.4 in November, although a reading below 50 still indicates contraction. Economists had expected...
The Australian dollar fell against its most major counterparts in the New York session on Friday. The aussie retreated to 97.53 against the yen and 0.6197 against the greenback, from an early high of 97.89 and a 3-day high of 0.6225, respectively. The aussie fell to 1.6594 against the euro and 1.1074 against the kiwi,...
European stocks closed weak on Friday, retreating after scoring strong gains on the first session of Year 2024. Losses in automobile, luxury and travel sectors weighed on the markets on a day when investors largely stayed cautious, looking for directional clues. The drop in shares from the luxury sector was due to sharp near 30%...