Chinas consumer price inflation rose more than expected to a five-month high in July amid Beijing struggling to kickstart household consumption as the road to achieve about 5 percent growth target remains challenging. Consumer prices posted an annual increase of 0.5 percent after rising 0.2 percent in June, the National Bureau of Statistics reported Friday....
Indika Energi Tbk (INDY), through two of its subsidiaries, PT Kalista Soter Hastia (KSH) and PT Kalista Nusa Armada (KNA), will form a new subsidiary with total investment worth IDR 6.25 billion. This new subsidiary is formed under the title PT Kalista Biru Nusantara (KBN). KBN formation has been officially stated under Deed of Establishment...
Harum Energy Tbk (HRUM), a coal and nickel mining company, will conduct a buyback, setting the budget to IDR 1 trillion. The management of HRUM will first ask for approval from the Extraordinary General Meeting of Shareholders to initiate this buyback. The meeting is set to take place on September 17, 2024. In order to...
JAKARTA. The National Committee for Sharia Economics (KNEKS) once again designated 46 State High Schools/Vocational Schools in DI Yogyakarta as pioneer schools for sharia economics. With the increase in the number of pioneer schools, KNEKS has so far established 90 pioneer schools from six provinces, namely West Sumatra, Riau, South Sumatra, South Sulawesi, Central Sulawesi...
While reporting financial results for the second quarter on Thursday, Tennant Co. (TNC) raised its earnings, adjusted earnings, net sales and organic net sales growth for the full-year 2024, given the strong first-half results and expectations for the remainder of the year. For fiscal 2024, Tennant now projects adjusted earnings in a range of $6.15...
First-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended August 3rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 233,000, a decrease of 17,000 from the previous weeks revised level of to 250,000. Economists had expected jobless...
Drugmaker Eli Lilly and Co. (LLY) reported Thursday a net profit for the second quarter that surged 68 percent from last year, reflecting strong Mounjaro, Zepbound and Verzenio sales as well as higher realized prices. Both adjusted earnings per share and revenues topped analysts expectations. The company also raised its guidance for the full-year 2024....
The Commerce Department released a report on Thursday showing wholesale inventories in the U.S. increased in line with economist estimates in the month of June. The report said wholesale inventories rose by 0.2 percent in June after climbing by 0.5 percent in May. The uptick matched expectations as well as the preliminary estimate. The modest...
Canadian stocks are up Thursday morning, riding on some encouraging quarterly earnings announcements, and easing concerns about the state of the U.S. economy after data showed a bigger than expected drop in U.S. jobless claims last week. Technology, healthcare, consumer discretionary, energy and materials shares are among the most impressive gainers. Several stocks the rest...
The U.S. dollar advanced against its most major counterparts in the New York session on Thursday, as lower-than-expected jobless claims helped ease concerns about a potential recession. Data from the Labor Department showed that initial jobless claims fell to 233,000, a decrease of 17,000 from the previous weeks revised level of to 250,000. Economists had...