U.K. stocks eked out modest gains on Wednesday after reports emerged that Chinas finance ministry will convene a press conference on Saturday to introduce work on strengthening countercyclical adjustments of fiscal policy and promoting economic development. The benchmark FTSE 100 was up 29 points, or 0.4 percent, at 8,220 after falling 1.4 percent on Tuesday....
European stocks were mixed on Wednesday ahead of the announcement of a government forecast that may show German GDP is set to contract in 2024. Ahead of the revised economic forecast, German Finance Minister Christian Lindner has said the countrys economy is treading water and that the government cannot be satisfied with economic development. The...
Indian shares gave up early gains to end on a flat note Wednesday as Chinas stimulus rally fizzled out, the conflict in the Middle East persisted and investors awaited Federal Reserve meeting minutes as well as U.S. inflation data for interest rate clues. Earlier in the day, the Reserve Bank of India (RBI) left the...
Billionaire Elon Musks social media platform X has been cleared by Brazils Supreme Court to resume services in the South American country after it had complied with the given orders and paid the imposed fine. The platform, formerly known as Twitter, now has settled R$28.6 million or $5.2 million as fines, blocked profiles that disseminated...
The Reserve Bank of India maintained its interest rate for the tenth straight meeting on Wednesday, and shifted its monetary policy stance to neutral, paving the way for the first interest rate cut in four years as inflation is expected to moderate. The RBI Monetary Policy Committee, led by Governor Shaktikanta Das, voted 5-1 to...
Canadian shares may open a bit weak on Wednesday, weighed down by lower metal prices and caution ahead of the release of the minutes from the Federal Reserves most recent policy meeting. Alimentation Couche-Tard Inc (ATD.TO) will be in focus on reports Japans Seven & I Holdings received a revised takeover bid of around $47...
Sinar Mas Multiartha Tbk (SMMA), a financial service company under Sinar Mas Group, has made capital investment in PT Liugong Finance Indonesia. Burhanuddin Abdullah, President Director of SMMA, said that the investment channelled by the company clocks up to IDR 95 billion. With this investment, SMMA will directly have a claim over 19% of Liugong...
JAKARTA. PT Bukit Makmur Mandiri Utama (BUMA), a subsidiary ofPT Delta Dunia Makmur Tbk (DOID), reported oversubscription for Bond II Year 2024. Only within a few days, bond with total principal of IDR 1 trillion was oversubscribed 1.4 times. The management of BUMA mentioned that it indicates high demand from investor towards the issued bond....
Prima Globalindo Logistik Tbk (PPGL), a logistics and delivery company, announces the plan of interim dividend distribution of IDR 1.54 billion or IDR 2 per share. Darmawan Suryadi SM, President Director of PPGL, said that this plan is in line with the decision made by the board of directors a few days ago. “It had...
JAKARTA – Jakarta Stock Price Composite Index (JCI) soared throughout today’s (1/10) session although has yet to fully rebound to 7,500-ish. Monitoring the board until the closing bell, JCI arrived at 7,626.64 at 4 PM WIB today (1/10), much higher than its opening position at 7,559.27 at 9 AM WIB. JCI’s bullish trend throughout the...