JAKARTA. PasarPolis and Gojek are announcing the latest collaboration in order to extend the reach of insurance services for Indonesian people. The collaboration will involve some of insurance product services issued by PasarPolis, such as SafeTrip, which provides protection for Gojek users. This product will then cover some of Gojek services, including GoSend, GoBox, and...
The European Central Bank could have waited till December to lower interest rates, but the economic data since the September policy session signaled a shift in risks to inflation to the downside, and thus policymakers opted for a rate cut this month, Governing Council member Peter Kazimir said on Monday. Its an insurance cut and...
New Zealand will on Tuesday release September figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. South Korea will see September numbers for producer prices; in August, producer prices were down 0.1 percent on month and up 1.6 percent on year. Hong Kong will provide September data for consumer...
The Canadian market rose to a new record high Monday morning, but retreated soon and stayed weak right through the session as investors turned cautious ahead of earnings updates and some key economic events, including the Bank of Canadas monetary policy meeting due this week. The Canadian central bank is widely expected to reduce its...
The South Korea stock market on Monday snapped the three-day slide in which it had slumped almost 40 points or 1.6 percent. The KOSPI now sits just above the 2,600-point plateau although it may see renewed selling pressure on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many...
The Malaysia stock market on Monday ended the two-day winning streak in which it had picked up almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,645-point plateau and the losses may accelerate on Tuesday. The global forecast for the Asian markets is negative with profit taking likely...
Europes new car registrations declined for the second straight month in September due to the fall in sales across France, Germany and Italy, data published by the European Automobile Manufacturers Association, or ACEA, showed Tuesday. New car sales decreased 6.1 percent in September from a year ago. However, this was much slower than the 18.3...
The UK budget deficit widened more than officially estimated in September and also hit the highest level for the month since 2021, the Office for National Statistics reported Tuesday. Public sector net borrowing increased to GBP 16.6 billion in September from GBP 14.5 billion in the previous year. This was the third highest September borrowing...
Asian stocks ended broadly lower on Tuesday as Middle East tensions persisted and rising bond yields made investors rethink about rate cut chances. The dollar index remained elevated and approached the next psychological mark of 104, supported by strong U.S. treasury yields. Gold held near record levels amid geopolitical uncertainties and ahead of the U.S....
German stocks traded higher on Tuesday after software giant SAP raised its full-year targets on a strong cloud business in the third quarter. The benchmark DAX was up 86 points, or 0.4 percent, at 19,548 after declining 1 percent in the previous session. SAP jumped 5.5 percent after raising its full-year outlook. Automakers BMW, Mercedes...