The value of retail sales in Australia was up a seasonally adjusted 0.7 percent on month in August, the Australian Bureau of Statistics said on Tuesday - coming in at A$36.474billion. That beat forecasts for a gain of 0.4 percent following the upwardly revised 0.1 percent increase in July (originally flat). On a yearly basis,...
Rebounding from the sharp losses in the previous session, the Japanese stock market is sharply higher on Tuesday, with the Nikkei 225 moving well above the 38,500 level, following the broadly positive cues from Wall Street overnight, with gains across all the sectors led by index heavyweights and technology stocks. The markets react to incoming...
Indian shares may open little changed on Tuesday after Federal Reserve Chair Jerome Powell signaled that he was in no hurry to make further interest-rate cuts. Action may be subdued ahead of a market holiday on Wednesday on account of Gandhi Jayanti. Investors may also react to a SEBI meeting outcome, a slew of economic...
Eurozone inflation fell below the 2 percent target for the first time in more than three years in September, signaling faster interest rate cuts from the European Central Bank. The harmonized index of consumer prices posted an annual increase of 1.8 percent compared to a 2.2 percent rise in August, flash data from Eurostat showed...
JAKARTA – The stock performance of two companies, PT Multitrend Indo Tbk (BABY)andPT Anugerah Spareparts Sejahtera Tbk (AEGS), plummeted after a year debuting in the stock exchange since September 2023. Based on the data compiled by IDNFinancials today (25/9), BABY debuted through initial public offering (IPO) on September 7, 2023, issuing 534 million shares for...
Hoffmen Cleanindo Tbk (KING), a professional hygiene service provider, booked revenue of IDR 140.65 billion in the first half (H1) of 2024. Sales growth seen in this period boosted KING’s net profit even higher to IDR 7.65 billion in H1 2024, compared to the same period last year, in which its net profit only reached...
JAKARTA – Bank UOB Indonesia officially hosts UOB Economic Outlook 2025 today (25/9) in Jakarta, titled “Ushering a New Dawn for a Remarkable Indonesia”, discussing chances and opportunities to advance Indonesia’s economy in 2025 under the new presidential term. Hendra Gunawan, President Director of Bank UOB Indonesia, mentioned that Indonesia has solid economic foundation along...
JAKARTA – With growth projection of Indonesia’s economy in 2024 at 5.2%, Bank UOB Indonesia as the renowned regional bank, is ready to facilitate foreign direct investment (FDI) inflow to Indonesia whilst boosting export volume and portion in GDP. According to Hendra Gunawan, President Director of Bank UOB Indonesia, during his opening speech at UOB...
JAKARTA -PT Venteny Fortuna International Tbk (VTNY) has acquired a credit facility worth IDR 275 billion from PT Bank Mayapada Internasional Tbk (MAYA) as of yesterday (24/9). Zasa Pinkan Kinanti, Corporate Secretary of VTNY, mentioned that the credit facility will be used as working capital and consumption capital for the company and its subsidiary, PT...
Shares of McCormick & Co. Inc. were gaining around 5 percent in the pre-market activity on the NYSE after the seasonings and spices maker increased its fiscal 2024 outlook for earnings after reporting higher third-quarter earnings, above market. The company further reaffirmed its sales and operating profit growth outlook for the year on a constant...