Billionaire investor Warren Buffetts Berkshire Hathaway Inc. has reduced its stake in Bank of America Corp. to below the key 10 percent regulatory threshold. With this, Berkshire is no longer required to report its related transactions frequently. In a filing with the U.S. Securities and Exchange Commission, Berkshire disclosed the sale of around 9.54 million...
Indian shares ended slightly lower on Friday as TCS Q2 earnings failed to impress markets. A nearly 4 percent surge in oil prices overnight due to heightened Middle East tensions and muted cues from global markets also weighed on sentiment, heading into the weekend. The benchmark 30-share BSE Sensex ended the session down 230.05 points,...
The British pound weakened against other major currencies in the European session on Friday, after the release of upbeat U.K. monthly factory data and an expected GDP growth in August. Data from the Office for National Statistics showed that the U.K. industrial output rebounded 0.5 percent, following a revised fall of 0.7 percent in the...
The Singapore stock market has moved lower in two straight sessions, slumping almost 25 points or 0.6 percent along the way. The Straits Times Index now sits just beneath the 3,575-point plateau although it may stop the bleeding on Monday. The global forecast for the Asian markets is positive on optimism over the outlook for...
Singapores gross domestic product expanded a seasonally adjusted 2.1 percent on quarter in the third quarter of 2024, Statistics Singapore said in Mondays advance estimate. That accelerated sharply from the 0.4 percent growth in the second quarter. On an annualized basis, GDP climbed 4.1 percent - up from 2.9 percent in the three months prior.
The Taiwan stock market has moved higher in back-to-back sessions, gathering almost 300 points or 1.3 percent along the way. The Taiwan Stock Exchange now rests just above the 22,900-point plateau and its expected to open in the green again on Monday. The global forecast for the Asian markets is positive on optimism over the...
The China stock market has moved lower in two of three trading days since the end of the 10-day winning streak in which it had skyrocketed more than 780 points or 27.9 percent. The Shanghai Composite now sits just beneath the 3,220-point plateau although its got a firm lead for Mondays trade. The global forecast...
Sigma Energi Compressindo Tbk (SICO), an oil and gas service company established circa 2007, is planning an interim dividend distribution of IDR 3 per share or IDR 2.73 billion in total. Vita Diani Satiadhi, Director of SICO, said that this plan aligns with the decision made by the board of directors a couple of days...
JAKARTA - PT Mahakam Coal Terminal (MCT), a subsidiary of PT Ancara Logistic Indonesia Tbk (ALII), will pay off the remaining obligations earlier than the due date (voluntary prepayment) of US$20.82 billion. MCTs creditors are OCP Asia Fund IV (SF 1) Pte Limited and OCP Asia Fund V (SF 1) Pte Limited. Quoted from the...
JAKARTA - PT Megakreasi Cikarang Permai (MKCP), a subsidiary of PT Lippo Cikarang Tbk (LPCK), converted Mahkota Sentosa Utama I 2019 Long-Term Debt Securities (SUJP) into 3.07 billion shares in PT Mahkota Sentosa Utama (MSU). This transaction is affiliated due to the similarity of LPCKs indirect share owners in MSU. Steffi Grace Darmawan, Corporate Secretary...