The level of demand for Bitcoin by institutional investors through spot Bitcoin ETFs is reported to have doubled miners’ production, leading to a liquidity squeeze and price sensitivity. An analyst has predicted that Bitcoin could witness more liquidation if the price falls below the $90k level. The significant demand for Bitcoin (BTC) by institutional investors via...
JAKARTA. PT Aneka Tambang Tbk (ANTM) or Antam and PT Freeport Indonesia (PTFI) have signed a sale and purchase agreement of gold with purity level of 99.99% to reinforce domestic gold supply chain. With this collaboration, Freeport will provide raw materials for PTFI, which will then be processed by Antam to be precious metal products....
JAKARTA – Stock performance of PT Pantai Indah Kapuk Dua Tbk (PANI) has shot up by 212.55% since its rights issue on August 19, 2024. Compared to the time when PT Multi Artha Pratama (MAP) conducted tender offer of PANI on December 1, 2021, its price has even skyrocketed 987.37%. Based on IDNFinancials data quoted...
JAKARTA – Jakarta Stock Price Composite Index (JCI) sloped this morning, from 9 AM to 10 AM WIB. It recorded its lowest point yet within this past three weeks. Monitoring the board, JCI was recorded at 7,190.83 at 10 AM WIB, much lower from 7,270.30 seen at 9 AM WIB. JCI’s decline was accompanied with...
JAKARTA -PT Fast Food Indonesia Tbk (FAST), the KFC franchise license holder, continues to record a loss in Q3 2024, worsening from the same period last year by up to 266.44% year-on-year. Based on Q3 2024 Financial Report quoted Monday (11/11), its loss was recorded at IDR 557.08 billion, swelling from IDR 152.41 billion seen...
JAKARTA – The governments of Indonesia and China have signed 7 strategic cooperation agreements at Great Hall of the People in Beijing last Tuesday (9/11). This signing took place during the official meeting between Indonesian President Prabowo Subianto and President of China, Xi Jinping. In the press release of Cabinet Secretariat of Indonesia quoted today...
Fast-food restaurant chain KFC, owned by Yum! Brands, has sued rival Churchs Texas Chicken in federal court for allegedly violating its trademark rights by using Original Recipe phrase in its ads. In a filing with the U.S. District Court for the Eastern District of Texas, the fried chicken chain complained that the use of phrase...
German stocks advanced on Thursday as investors reacted to upbeat earnings news and awaited Eurozone GDP later in the day. Bundesbank President Joachim Nagel warned on Wednesday that Donald Trumps threatened trade levies risk derailing the German economy. If the tariff plans are implemented, it could cost us 1 percent of economic output, he told...
French stocks edged up slightly on Thursday ahead of Eurozone growth data due later in the day. Earnings offered some comfort as bond yields surged amid inflation concerns under Trumps presidency. European government bond yields increased, mirroring U.S. Treasuries, on expectations that Trumps proposed policies and tariffs may result in increased U.S. deficit. The benchmark...
U.K. stocks eked out modest gains Thursday on the back of upbeat earnings news. The benchmark FTSE 100 was up 12 points, or 0.2 percent, at 8,042 after finishing marginally higher on Wednesday. Burberry shares jumped nearly 15 percent after new CEO of the fashion brand, Joshua Schulman, pledged to stabilize the business with a...