TBS Energi Utama Tbk (TOBA) has divested its asset in the form of steam power plant (PLTU) with total capacity of 200 MW operated by two of its subsidiaries, PT Minahasa Cahaya Lestari (MCL) and PT Gorontalo Listrik Perdana (GLP). The divestment from two of its subsidiaries is a part of TOBA’s commitment in reaching...
JAKARTA - PT Petrotech Penta Nusa, a subsidiary ofPT Rukun Raharja Tbk (RAJA), planted investment of IDR 982.45 billion in the fuel oil piping project of Tanjung Batu-Samarinda. This project is expected to increase profit in the future. Djauhari Maulidi, President Director of RAJA, mentioned that Petrotech will make funding contribution worth USD 63.29 million...
The Canadian market is up firmly in positive territory Friday afternoon after posting a new high for the third straight day. Materials stocks are contributing to the move up north, with firm metal prices triggering hectic buying at several counters in the sector. The benchmark S&P/TSX Composite Index is up 159.67 or 0.65% at 24,850.15,...
The U.S. dollar turned a bit weak on Friday, snapping a five-day winning streak, with global stocks moving higher on increased risk appetite after the Chinese government announced a couple of funding schemes. With hopes of aggressive interest rate cuts by the Federal Reserve fading a bit after recent upbeat U.S. economic data, the dollar...
The Canadian market climbed to a new record high on Friday, rising for a third straight day, thanks to strong gains in materials stocks as metal prices surged to record highs. Continued optimism about interest rate cuts by the Bank of Canada also aided sentiment. The benchmark S&P/TSX Composite Index, which marched to a new...
Indian shares may trade in a range on Thursday as investors await earnings results from prominent companies including Axis Bank, Infosys, Wipro, Nestle India, LTIMindtree and Tata Chemicals for direction. Meanwhile, Reliance Industries has fixed the record date for a 1:1 bonus issue. Also, the Bloomberg News reported, citing people familiar with the matter that...
Indian shares opened on a cautious note Thursday as focus shifted to a batch of earnings due later in the day. The benchmark S&P/BSE Sensex was down 297 points, or 0.4 percent, at 81,204 in early trade while the broader NSE Nifty index was down 157 points, or 0.6 percent, at 24,814. Axis Bank fell...
The European Central Bank is widely expected to lower its key interest rates on Thursday as concerns about the growth outlook heightened amid inflation falling below the 2 percent target. The bank is forecast to cut the key rates by 25 basis points today after a similar reduction last month. The deposit facility rate, which...
European stocks are seen opening on a mixed note Thursday, with the FTSE 100 likely to tick higher as the British pound dropped below $1.30 for the first time since August amid bets that slower inflation could pave the way for the Bank of England to cut interest rates again next month. The European Central...
Cakra Buana Resources Energi Tbk (CBRE), a marine transportation service provider, has ended the vessel charter contract with PT Habco Trans Maritima Tbk (HTMA). Amanda Octania, Direktur and Corporate Secretary of CBRE, mentioned that the contract signed by CBRE and HTMA will be applied to MV Majestic Laksono time charter agreement signed on June 16,...