JAKARTA - PT Habco Trans Maritima Tbk (HATM) collaborates with Seacon Ships Management Group (HK) Limited (Seacon) to form a joint venture company based in Singapore. Andrew Kam, President Director of HATM said that the joint venture was formed to focus on ship management services. Strengthening international cooperation to develop services and improve the quality...
JAKARTA - PT Bank DBS Indonesia has officially launched its investment account (Rekening Dana Nasabah/RDN) service, pairing up with PT Mirae Asset Sekuritas Indonesia (Mirae Asset) as its security company partner to facilitate easier and swift investment through MStock by Mirae Asset or digibank by Bank DBS Indonesia. The investment account will be equipped with...
JAKARTA – Jakarta Composite Stock Price Index (JCI) remained solid at the green zone while closing the first and entering the second session today (24/9) at 2.15 PM WIB. At the beginning, JCI was actually seen lower compared to afternoon session. Monitoring the board, JCI was at 7,778.91 while starting the second session today. It...
JAKARTA. The amount of incoming bids recorded in the auction of Government Sharia Securities (lit. Surat Berharga Syariah Negara/SBSN) or State Sukuk today (24/9), as revealed by the Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance. There were 7 series of sukuk offered in today’s auction, consisting of 2 series...
JAKARTA - PT Pertiwi Nusantara Raya (PNR), a subsidiary ofPT United Tractors Tbk (UNTR), has wrapped up the acquisition of PT Lestarikan Bumi Papua (LBP) from two of its affiliated shareholders for IDR 67.5 billion. Sara K. Loebis, Corporate Secretary of UNTR, said that all preliminary prerequisites of this conditional shares sale and purchase agreement...
The Switzerland market started off on a firm note Thursday morning, but pared gains and very nearly slipped into the red by early afternoon, before recovering well to end the days session moderately higher. Investors digested the Swiss National Banks interest rate move, and awaited some key economic data from the U.S. The benchmark SMI...
Slightly higher GIFT Nifty futures and overnight positive close on Wall Street indicate a higher open for Indian shares Friday morning. Upbeat economic data, Microns strong fourth-quarter earnings, and expectations of more interest rate cuts by the Fed lifted the major averages to a positive close on Thursday. Asian stocks are broadly higher on Friday,...
European markets are expected to open on Friday on a cautiously optimistic note amidst anxiety ahead of the crucial PCE-based inflation update due from the U.S. on Friday that could sway the Feds plans regarding further monetary easing. The PCE Price Index is expected to soften both on a year-on-year as well as month-on-month basis....
Despite positive global cues and rising optimism about more interest rate cuts by the Federal Reserve and a few other major central banks, Indian shares are turning in a mixed performance Friday morning with investors largely making cautious moves after recent strength. Still, benchmark indexes Sensex and the Nifty50 hit new record highs this morning....
Moline, Illinois-based Deere & Co. is recalling about 147,900 units of Compact Utility Tractors citing risk of crash, according to the U.S. Consumer Product Safety Commission. In addition, about 16,800 units were sold in Canada. The recall involves John Deere 1023E, 1025R, and 2025R Compact Utility Tractors in green and yellow, and were sold with...