Indian shares eked out modest gains on Wednesday as the dollar slipped in international markets and a ceasefire deal between Israel and Hezbollah militants in Lebanon came into effect in the early hours today, denting oils risk premium. The ceasefire deal, agreed by both sides for a 60-day halt in fighting, requires Hezbollah to retreat...
The British pound weakened against most major currencies in the European session on Wednesday. The pound fell to nearly a 2-month low of 190.75 against the yen, from an early high of 192.41. Against the Swiss franc and the euro, the pound edged down to 1.1119 and 0.8356 from early highs of 1.1143 and 0.8333,...
German consumer confidence is set to deteriorate sharply at the end of the year as income expectations plunged to a nine-month low on growing fears of recession, a closely watched survey showed Wednesday. The consumer sentiment index slid to -23.3 in December from revised -18.4 in November, survey results jointly published by GfK and the...
A report released by the Labor Department on Wednesday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 23rd. The Labor Department said initial jobless claims dipped to 213,000, a decrease of 2,000 from the previous weeks revised level of 215,000. Economists had expected jobless claims to rise to...
The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods increased by less than expected in the month of October. The report said durable goods orders rose by 0.2 in October after falling by a revised 0.4 percent in September. Economists had expected durable goods orders to climb by...
JAKARTA. Shares of PT Bumi Resources Minerals Tbk (BRMS) attracted the attention of foreign investors, following the announcement of the results of the rebalancing of the MSCI Indonesia Small Cap Index for November 25, 2024 yesterday. In this rebalancing, PT Bumi Resources Tbk (BUMI) and BRMS were retained as index constituents. This was said by...
JAKARTA – PT Waskita Karya (Persero) Tbk (WSKT), a state-owned construction company, has decided to refocus its business strategy on its core operations: construction services, particularly in building, dam and irrigation projects, as well as roads and bridges. According to management, this is part of the company’s effort to improve its financial performance. During WSKT’s...
JAKARTA - Foreign investors stock buying and selling activities on Monday, November 25, set a record high, with a total of 10.24 billion shares purchased and 11.91 billion shares sold. As a result, net foreign volume dropped to -1.66 billion shares. On the top buy list, 64.04 million shares of natural gas company PT Perusahaan...
JAKARTA - Modalku, a fintech P2P lending platform, recorded total crowdfunding of IDR 65.15 trillion until November 2024. The funds were realized in five countries, namely, Singapore, Malaysia, Indonesia, Thailand and Vietnam. Quoted from the Modalku.co.id website, Tuesday (26/11), the realization of funding in November 2024 grew by IDR 1.28 trillion compared to the end...
Sumber Global Energy Tbk (SGER), a coal mining company, has obtained a contract of coal supply to Vietnam of 500,000 metric tons (MT). Michael Harold, Corporate Secretary of SGER, confirmed that the agreement was made with Power Generation Corporation (PGC) as the buyer, and Duyen Hai Thermal Power Company (DHTP) as the seller representative. The...