The Indonesia stock market on Wednesday ended the modest two-day winning streak in which it had picked up more than 35 points or 0.5 percent. The Jakarta Composite Index now rests just above the 7,740-point plateau and its likely to open in the red again on Thursday. The global forecast for the Asian markets is...
European stocks bounced back on Thursday, after having snapped a two-day winning streak the previous day. Sentiment was underpinned by expectations of another big U.S. interest rate cut this year and optimism over fresh stimulus measures from China. Meanwhile, the Swiss National Bank reduced its key policy rate by 25 basis points for the third...
Bank lending to households in the euro area logged its fastest growth in ten months in August, however, the pace of growth was weak, data published by the European Central Bank revealed Thursday. Lending to households moved up 0.6 percent from a year ago, following a 0.5 percent rise in July. Lending marked the biggest...
Indian shares rose notably on Thursday to reach new record-high closing levels after a handful of Federal Reserve officials left the door open to another large rate cut. According to the CME FedWatch tool, the chances of a jumbo 50-bps cut in November currently remain above 60 percent. A sharp fall in oil prices also...
Chatbot ChatGPT maker OpenAI, which was founded as a non-profit to build safe and beneficial artificial general intelligence or AGI for the benefit of humanity, is considering plans to restructure its core business to become a for-profit benefit business, aiming to attract more investors, reports said citing sources familiar with the matter. Co-founder and Chief...
German pharmaceutical company Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L) announced Thursday the submission of a supplemental new drug application (sNDA) to the U.S. Food and Drug Administration (FDA) for the oral androgen receptor inhibitor (ARi) NUBEQA (darolutamide) in combination with androgen deprivation therapy (ADT) for the treatment of patients with metastatic hormone-sensitive prostate cancer (mHSPC). The...
The Swiss National Bank reduced its key policy rate by 25 basis points for the third straight meeting and signaled additional easing as the francs strength had lowered inflationary pressure. At the final rate-setting meeting of Thomas Jordan as chairman, the policy board lowered the policy rate to 1.0 percent from 1.25 percent, as expected....
JAKARTA. PT Solusi Sinergi Digital Tbk (WIFI) announced its latest collaboration with PT Indonesia Connectivity Investasi (Iconvest), a subsidiary of PT Perusahaan Listrik Negara (PLN) owned through PT Indonesia Comnets Plus (PLN Icon Plus). The collaboration aims to develop affordable internet services for the community. In this collaboration, WIFI and Inonvest mutually open opportunities for...
JAKARTA - On Thursday, September 18, foreign investors participated in selling significant amounts of the digital company PT GoTo Gojek Tokopedia Tbk (GOTO) shares, totaling 3.01 billion shares, for a net volume of -456.93 million shares. This figure accounted for approximately 57.80% of the entire foreign sales volume, which was 5.21 billion shares. Meanwhile, foreign...
JAKARTA. PT Master Print Tbk (PTMR), a company engaged in the trading and distribution of industrial packaging equipment, will release 435 million shares in an Initial Public Offering (IPO). The number of shares offered is equivalent to 22.81% of PTMRs issued and fully paid-up capital after the IPO. Each share has a nominal value of...