Lion Metal Works Tbk (LION), the company producing steel plates, reported a loss of IDR 1.59 billion in the first half (H1) of 2024. The loss got worsened 23.3% year-on-year (yoy) from the same period last year, in which LION’s loss only clocked up to IDR 1.29 billion. Seen from the top-line, LION’s sales in...
Shares of Cisco Systems Inc. were gaining around 8 percent in the pre-market activity on the Nasdaq after the technology conglomerate, in its fourth-quarter earnings call, announced a restructuring plan with around 7 percent cut in its global workforce. The move, which is expected to allow the firm to invest in key growth opportunities and...
JAKARTA – PT Cardig Aero Services Tbk (CASS), a holding company of airport handling services, reported double-digit growth in revenue to IDR 1.3 trillion in H1 2024. This surge boosted its net profit up by nearly 100% to IDR 347.2 billion. Based on the Financial Report of H1 2024 quoted today (16/8), CASS reported an...
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...
JAKARTA – Citibank N.A. Indonesia, or widely known as Citi Indonesia, reported solid growth in its net profit performance in the first half (H1) of 2024, increasing 14% year-on-year (yoy). It is, in fact, in contrast with Citi Indonesia’s decreased net interest income by 21.4% yoy to IDR 1,91 trillion from IDR 2,44 trillion seen...
A report released by the Labor Department on Thursday unexpectedly showed a continued decline by first-time claims for U.S. unemployment benefits in the week ended August 10th. The Labor Department said initial jobless claims fell to 227,000, a decrease of 7,000 from the previous weeks revised level of 234,000. Economists had expected jobless claims to...
Partly reflecting a rebound by auto sales, the Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July. The Commerce Department said retail sales jumped by 1.0 percent in July after edging down by a revised 0.2 percent in June. Economists...
Import prices in the U.S. unexpectedly crept higher in the month of July, according to a report released by the Labor Department on Thursday. The Labor Department said import prices inched up by 0.1 percent in July after coming in unchanged in June. Economists had expected import prices to edge down by 0.1 percent. The...
Indian stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), remain closed today on account of Independence Day. Trading in derivatives, equities, SLBs, currency derivatives, interest rate derivatives and commodity derivatives also remain shut for the day. Benchmark indexes Sensex and Nifty eked out modest gains on Wednesday while the rupee...
The Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July. The report said retail sales jumped by 1.0 percent in July after edging down by a revised 0.2 percent in June. Economists had expected retail sales to rise by 0.3...