The Chinese yuan strengthened against the U.S. dollar in the European session on Tuesday, after Chinas central bank unveiled its biggest stimulus since the pandemic to support the economy and counter a prolonged downturn in the property sector. At a press conference on Tuesday, Peoples Bank of China Governor Pan Gongsheng said the bank will...
The US Securities and Exchange Commission (SEC) on Friday filed settled charges against Solana dApp Mango DAO and Blockworks Foundation over the unregistered offer and sale of $70 million worth of MGNO token tokens, which the agency deems as crypto asset security. *SEC CHARGES MANGO MARKETS FOR UNREGISTERED MNGO TOKEN SALE *WITHOUT ADMITTING OR DENYING...
BitRiver is hoping to bring 1MW of crypto mining capacity online in the near future, with data centers being built all over the nation. Runets told RBC that both Russian and “international customers” had shown an interest in backing his firm. “We can see this as another confirmation of the thesis that Russia is catching...
JAKARTA -PT Djasa Ubersakti Tbk (PTDU) has secured a new contract of IDR 94.56 billion for a Civil Servant Apparatus Flat project in Central Papua. The new contract was signed last week (9/9). Pio Hizkia Wehantouw, Director of PTDU, mentioned that the effective duration of the contract lasts for 330 days since the day the...
Triputra Agro Persada Tbk (TAPG), a company engaged in agricultural products, announced dividend income of IDR 19.35 billion from one of its subsidiaries. The dividend is secured from TAPG from PT Dwiwira Lestari Jaya (DLJ). For the record, DLI is a company owned by TAPG through PT Agro Multi Persada (AMP), with stock ownership of...
Mandiri Herindo Adiperkasa Tbk (MAHA), a company engaged in the coal distribution industry, will conduct a shares buyback. The number of shares to be repurchased by MAHA will not exceed 10%, but at least 7.5%, of its total issued and paid-up capital. The budget allocated by the company for this corporate action reaches IDR 200...
Lippo Karawaci Tbk (LPKR) has participated in a tender offer of shares of PT Siloam Hospitals Tbk (SILO), which involves the divestment of some of its stock ownership, equal to 18.57% of SILO’s shares. This corporate action makes LPKR’s portion in SILO drops to 29.09%. Prior to this, LPKR claimed control over 38.66% of SILO....
Summarecon Agung Tbk (SMRA), a real estate developer and management, booked net profit of IDR 753.68 billion in the first half (H1) of 2024. This net profit increased 70.5% year-on-year (yoy) from IDR 442.04 billion recorded in the same period last year. According to the recently issued financial report, SMRA’s net profit in H1 2024...
Indian shares fluctuated before ending little changed on Tuesday as signs of escalating Middle East tensions offset expectations for more U.S. rate cuts and Chinas stimulus announcements. Oil prices jumped more than 2 percent in European trade after Israel launched its biggest aerial offensive against Iran-backed Shite militant group Hezbollah. Israels military said today it...
Australias central bank left its interest rate unchanged at a 12-year high for the seventh straight meeting as widely expected and vowed not to cut interest rates in the near-term as returning inflation to target remains the highest priority. The policy board of the Reserve Bank of Australia governed by Michele Bullock decided to maintain...