The euro weakened against other major currencies in the European session on Tuesday, after 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...
The Canadian market is likely to open on a cautious note Tuesday morning with investors looking for directional clues. The data on Canadian manufacturing activity in the month of September, and U.S. job openings report could provide some cues. S&P Global will release a report on Canadian manufacturing activity in the month of September at...
CVS Health Corp. is conducting a strategic review of options including a possible breakup amid issues from its drugstore chain and Aetna health insurance arm, reports said citing person familiar with the matter. The company also plans to reduce its workforce by less than 1 percent, which would affect around 2,900 employees, as part of...
While reporting financial results for the first quarter of fiscal 2025 on Tuesday, payroll and HR services provider Paychex Inc. (PAYX) maintained its adjusted earnings growth and revenue growth guidance for the full year 2025. For fiscal 2025, the company continues to project adjusted earnings per share growth in the range of 9 to 10...
Revised quarterly national accounts and mortgage approvals from the UK and flash inflation from Germany are due on Monday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP and business investment data. The initial estimate showed that the UK economy grew 0.6 percent...
Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Monday, as Chinese stimulus boosted risk assets and commodities. Traders reacted positively to the additional stimulus measures from the Chinese government to spur growth in the worlds second largest economy. The Chinese government announced...
The Japanese yen strengthened against other major currencies in the early European session on Monday, after the Japans ruling Liberal Democrats chose Shigeru Ishiba, a former defense minister, as the next prime minister. Ishiba is set to succeed current Prime Minister Fumio Kishida on Tuesday. After winning the partys vote on Friday, Ishiba said he...
JAKARTA – PT Bukit Makmur Mandiri Utama (BUMA), a subsidiary ofPT Delta Dunia Makmur Tbk (DOID), obtains an extension for its mining service contract in Meandu Mine, Queensland, Australia, until 2026. The value of this contract extension reaches AUD 200 million per year, equal to IDR 2.07 trillion, assuming that the rate used is IDR...
JAKARTA. PT Astra Agro Lestari Tbk (AALI), one of subsidiaries of PT Astra International Tbk (ASII), engaged in the plantation industry, will distribute interim dividend worth IDR 161.67 billion or IDR 84 per share. Tingning Sukowignjo, Corporate Secretary of AALI, said that this plan follows the decision of the board of directors. “It had been...
JAKARTA – PT Bank UOB Indonesia is targeting drastic growth in credit distribution rate at the end of 2024, reaching 20% year-on-year (yoy), or far exceeding the projection set by Bank Indonesia (BI) for banking industry. “If we are talking about credit, this year, we saw growth in the second semester is quite optimistic,” said...