Prima Globalindo Logistik Tbk (PPGL), a logistics and shipping company, booked net profit of IDR 8.34 billion in the first half (H1) of 2024. Said achievement slipped 12.4% year-on-year (yoy) from the same period last year, in which the company saw net profit recorded at IDR 9.52 billion. However, throughout H1 2024, PPGL’s revenue, in...
French stocks were little changed on Thursday after rising notably in the previous session on bets of a Federal Reserve rate cut in September. Investors were reacting to a mixed set of economic activity data from China released earlier in the day. Chinas industrial production slowed for a third straight month in July, unemployment rose,...
U.K. stocks held steady on Thursday after official data showed the U.K. economy expanded again in the second quarter, but the pace of growth moderated slightly due to the contractions in industrial and construction output. Real gross domestic product grew 0.6 percent in the three months to June, following the 0.7 percent expansion seen in...
New York manufacturing activity edged slightly lower in the month of August, the Federal Reserve Bank of New York revealed in a report on Thursday. The New York Fed said its general business conditions index rose to a negative 4.7 in August from a negative 6.6 in July, but a negative reading still indicates contraction....
The Federal Reserve released a report on Thursday showing industrial production in the U.S. fell by much more than expected in the month of July. The report said industrial production decreased by 0.6 percent in July after rising by a downwardly revised 0.3 percent in June. Economists had expected industrial production to dip by 0.3...
Homebuilder confidence in the U.S. has unexpectedly continued to deteriorate in the month of August, according to a report released by the National Association of Home Builders on Thursday. The report said the NAHB/Wells Fargo Housing Market Index fell to 39 in August from a downwardly revised 41 in July. The dip surprised economists, who...
The Commerce Department released a report on Thursday showing business inventories in the U.S. increased in line with economist estimates in the month of June. The report said business inventories rose by 0.3 percent in June after climbing by 0.5 percent in May. The growth matched expectations. The increase by business inventories largely reflected notable...
The U.S. dollar was higher against its major counterparts in the New York session on Thursday, as strong retail sales and soft jobless claims data alleviated concerns about a recession and raised the likelihood of a 25 basis point rate cut by the Federal Reserve in September. Data from the Commerce Department showed that retail...
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing softened overall in the month of August. The Philly Fed said its diffusion index for current general activity plunged to a negative 7.0 in August from a positive 13.9 in July, with a negative reading indicating contraction. Economists had expected...
European stocks closed higher on Thursday with investors continuing to react positively to inflation readings from the U.S. and U.K. Investors also digested U.S. GDP data and weekly jobless claims and industrial production data from the U.S. The pan European Stoxx 600 climbed 1.15%. The U.K.s FTSE 100 gained 0.8%, while Germanys DAX and Frances...