Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by more than previously estimated in the month of September. The University of Michigan said its consumer sentiment index for September was upwardly revised to 70.1 from a preliminary reading of 69.0. Economists had expected a more modest...
JAKARTA. PT Lippo Cikarang Tbk (LPCK), a real estate developer and manager owned by the Lippo Group, recorded a net profit of IDR 66 billion in the first semester (1H) of 2024. The acquisition decreased by 9.5% year-on-year (yoy) or compared to the same period last year. According to the financial report, LPCKs net profit...
JAKARTA. PT Green Power Battery (GPB), a subsidiary of PT Green Power Group Tbk (LABA), will soon begin the battery production phase for electric vehicle needs. William Ong, President Director of LABA, said that GPB has currently obtained the first qualification to produce electric motor vehicle battery packs. The licensing and overall production qualification are...
JAKARTA. PT Adhi Kartiko Pratama Tbk (NICE), a nickel mining issuer listed on the Indonesia Stock Exchange (IDX) early this year, only posted a net profit of IDR2.33 billion in the first quarter (Q1) of 2024. This achievement is 90.3% lower than the same quarter last year, where NICE was able to post a net...
JAKARTA. The management of PT PP (Persero) Tbk (PTPP) has prepared funds amounting to IDR250 billion to pay off PTPPs Shelf Registration Bonds I Phase I Year 2019 Series B which will mature on November 27, 2024. PTPP Finance Director Agus Purbianto said the IDR250 billion will be paid through KSEI on November 26, 2024....
JAKARTA. PT Barito Renewables Energy Tbk. (BREN) has currently complied with the free float regulation of 11.66% of the total shares or 15.6 billion shares. This amount is higher than the stock exchanges provisions which stipulate a minimum of 7.5% of the total shares. BREN Director & Corporate Secretary Merly in an information disclosure on...
Chipmaker Intel Corp., which is in the midst of takeover speculation amid its struggling financial performance, rejected an approach from British chip firm Arm Holdings Plc for its product division, Bloomberg reported citing a person with direct knowledge of the matter. Intel replied that the product division is not for sale. On the Nasdaq, Intel...
The U.S. dollar weakened against its major counterparts in the New York session on Friday, as PCE inflation cooled in August, raising the possibility of a 50 basis point rate cut by the Federal Reserve in November. On an annual basis, PCE inflation slowed to 2.2 percent in August from 2.5 percent in July. Economists...
European stocks closed higher on Friday, with several major markets hitting record highs, as investors continued to cheer Chinas stimulus announcements, and bet on hopes of more interest-rate cuts by central banks. Soft inflation data from France and Spain also helped underpin sentiment. The pan European Stoxx 600 ended up 0.47%. The U.K.s FTSE 100...
The value of the U.S. dollar index has moved modestly lower over the course of trading on Friday, as traders react to closely watched inflation data. Currently, the U.S. dollar index is trading at 100.41, down 0.11 points or 0.1 percent. The greenback is trading at 142.87 yen versus the 142.13 yen it fetched at...