After struggling for direction during the Asian and European sessions on Thursday, the U.S. dollar climbed higher in the New York session, buoyed by data showing a more than expected increase in U.S. retail sales in the month of September. Data showing a drop in jobless claims contributed as well to the dollars rise. Data...
China is scheduled to release a raft of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are Q3 numbers for gross domestic product, as well as September figures for industrial production, retail sales, fixed asset investment and unemployment. GDP is expected to add 0.5 percent on quarter and 4.6 percent...
The Canadian market climbed to a fresh record high on Thursday with stocks from materials and energy sectors moving higher on firm commodity prices. A rate cut by the European Central Bank and expectations of interest rate cuts by the Federal Reserve and the Bank of Canada aided sentiment. Data showing an unexpected increase in...
Indian shares opened lower on Friday due to muted global cues as Middle East tensions persisted, and investors trimmed their bets on Federal Reserve interest-rate cuts this year. The benchmark S&P/BSE Sensex dropped 304 points, or 0.4 percent, to 80,702 in early trade while the broader NSE Nifty index was down 93 points, or 0.4...
JAKARTA – PT Koka Indonesia Tbk (KOKA)andPT Logisticsplus International Tbk (LOPI) plummeted a year after debuting on Indonesia Stock Exchange (IDX) via initial public offering on October 11, 2023. Based on compiled data of IDNFinancials, Thursday (10/10), KOKA’s price arrived at IDR 62, down 51.56% compared to IPO price of IDR 128 per share. Yesterday...
JAKARTA - PT Shimizu Global Indonesia (SGI) sues PT PP Urban, a subsidiary ofPT Pembangunan Perumahan (Persero) Tbk (PTPP), for Suspension of Debt Paymen Obligation (lit. Penundaan Kewajiban Pembayaran Utang/PKPU). In the information disclosure quoted Thursday (10/10), Agus Purbianto, Director of Finance of PTPP, mentioned that the company respects the ongoing PKPU proceedings based on...
JAKARTA – Indonesia Stock Exchange (IDX) has officially lifted the suspension over PT Perdana Karya Perkasa Tbk (PKPK) and reopened transaction for this oil and gas supporting service provider, starting from the morning session today (10/10). Prior to this, PKPK’s stock was suspended in the regular and cash market due to significant and unusual market...
Summarecon Agung Tbk (SMRA) has channelled extra capital worth IDR 485.5 billion to one of its subsidiaries, PT Summarecon Property Development (SMPD). Lydia Tjio, Corporate Secretary of SMRA, mentioned that the extra capital consists of 485.5 million new shares issued by SMPD. This investment will also boost SMRA’s issued and paid-up capital in SMPD to...
JAKARTA – After logo rebranding last September, PT Bank Permata Tbk (BNLI) or more widely known as PermataBank, launches a new and modern look in its mobile banking application, now called Permata ME. It is known that the previous PermataBank mobile app was called PermataMobile X. “PermataMobile X was launched in 2018. So, this is...
European stocks look set to open a tad lower on Friday as mixed Chinese data released earlier today coupled with the lack of concrete stimulus details stirred concerns about the countrys economic trajectory. Data showed today that Chinas economy grew 4.6 percent in Q3, slowing from 4.7 percent annual growth in the previous quarter and...