Federal Reserve Chair Jerome Powell spoke before the annual meeting of the National Association for Business Economics on Monday, suggesting the central bank will continue to lower interest rates but stressing the downward path for rates is not on a preset course. Powell said the decision to slash rates by half a percentage point earlier...
Canadian stocks are turning in a mixed performance on Monday with investors largely making cautious moves while awaiting some crucial economic data and focusing on Fed Chair Jerome Powells comments on interest rate moves. Real estate, energy and healthcare stocks are finding some support, while materials stocks are weak. Stocks from the rest of the...
The U.S. dollar rose against its major counterparts in the New York session on Monday, as Federal Reserve Chair Jerome Powell suggested that the central bank will continue to lower interest rates, but the pace of reduction is unclear. Speaking at the National Association for Business Economics, Powell said the decision to slash rates by...
The Canadian market ended slightly up on Monday, lifted by gains in technology, real estate and energy sectors. The mood remained largely cautious amid a lack of significant triggers. The market, which slipped a bit deeper into the red around mid afternoon after moving in a narrow range till then, moved higher in the final...
The Bank of Japan will on Tuesday release the results of its quarterly Tankan survey of business sentiment, highlighting a busy day for Asia-Pacific economic activity. The large manufacturers index is expected to see a score of +12, down from +13 in the previous three months. The large non-manufacturers index is expected to ease to...
MNC Digital Entertainment Tbk (MSIN) has secured approval from Extraordinary General Meeting of Shareholders to initiate a stock split with a ratio of 1:5. During the EGMS held on September 23, 2024, it is said that the decision was made as MSIN’s sustainable effort to boost stock liquidity and accessibility for a wider scope of...
JAKARTA. PT Jaya Konstruksi Manggala Pratama Tbk (JKON), a construction services issuer, announced dividend income of IDR21.16 billion. CF Jopi Sulistio, Corporate Secretary of JKON, said that the dividend income was obtained from PT Jaya Beton Indonesia (JBI). The implementation of the transaction [dividend receipt] does not have a material impact on the companys operational...
JAKARTA - A number of new investors will become shareholders of PT Diagnos Laboratorium Utama Tbk (DGNS) via a rights issue that will be approved by shareholders next week (2/10). Quoted from the brief prospectus, Tuesday (24/9), DGNSs authorized capital is recorded at IDR 100 billion, issued and fully paid capital at IDR 31.25 billion,...
JAKARTA - PT Remala Abadi Tbk (DATA) acquired 85% of PT Fiber Media Indonesia (FMI) shares for IDR 19.97 billion. This acquisition reflects DATAs optimism after achieving an increase in performance in the first semester of 2024. In the disclosure of information quoted on Tuesday (24/9), Richard Kartawijaya, President Director of DATA said that the...
JAKARTA. PT Solusi Kemasan Digital Tbk (PACK), a plastic packaging manufacturer for the snack food to cosmetic industry with the FlexyPack brand, posted a net profit of IDR1.29 billion in the first semester (1H) of 2024. This figure grew 11.2% year-on-year (yoy) or from the same semester last year. In 1H 2023, PACK only posted...