European stocks may open on a positive note Wednesday as U.S. recession worries eased and the Bank of Japan played down the chances of a near-term rate hike, triggering a sharp fall in the yen. U.S. stock futures reversed early losses to trade higher despite AI darling Super Micro Computer reporting earnings below estimates. Asian...
Chinas exports grew less than expected at the start of the third quarter, while imports rebounded on domestic demand, official data showed Wednesday. Exports posted an annual growth of 7.0 percent in July, the customs data revealed. This was weaker than the forecast of 9.7 percent and followed an 8.6 percent expansion in June. On...
While reporting financial results for the second quarter on Wednesday, Charles River Laboratories International, Inc. (CRL) slashed its earnings, adjusted earnings, revenue growth and organic revenue growth guidance for the full-year 2024. For fiscal 2024, the company now projects earnings in the range of $5.65 to $5.95 per share and adjusted earnings in the range...
While reporting financial results for the third quarter on Wednesday, technology and software company Emerson Electric Co. (EMR) raised its adjusted earnings guidance for the full-year 2024. The company said the 2024 outlook assumes approximately $300 million returned to shareholders through share repurchases and approximately $1.2 billion of dividend payments. For fiscal 2024, the company...
The Bank of Japan will not hike its policy rate when financial and capital markets are unstable, Deputy Governor Uchida Shinichi said Wednesday after hawkish comments from Governor Kazuo Ueda and fears of a U.S. recession led to a global market rout in the past few trading days. If the outlook, the upside and downside...
While reporting financial results for the second quarter on Wednesday, The Brinks Co. (BCO) maintained its earnings and revenue guidance for the full-year 2024. For fiscal 2024, the company continues to project earnings from continuing operations attributable to Brinks in the range of $7.30 to $8.00 per share on revenues between $5.075 billion and $5.225...
JAKARTA -PT MPX Logistics International Tbk (MPXL)obtained investment credit facility worth IDR 41.48 billion from PT Bank Central Asia Tbk (BBCA). In the information disclosure quoted Wednesday (7/8), James Sigit Chandra, Corporate Secretary of MPXL, mentioned that the credit facility will be allocated to the company’s working capital. “It will be spent on fleet addition...
While reporting its financial results for the first quarter on Wednesday, luxury fashion house Ralph Lauren Corp. (RL) said it expects revenue growth for the second quarter in about low-to mid-single digits from last year on a constant currency basis, centering around 3 to 4 percent. For fiscal 2024, the company also continues to expect...
Bayan Resources Tbk (BYAN), the biggest coal mining company in Indonesia, spends IDR 306.16 billion on the improvement of hauling road for coal logistics for one of its subsidiaries, PT Fajar Sakti Prima (FSP). The distribution route improvement includes road paving for hauling road for coals spanning 93.4 kilometres (km), as well as side dump...
JAKARTA -PT Astra Otoparts Tbk (AUTO) bagged net profit of IDR 1.01 trillion in the first half of 2024, up 26.46% year-on-year (yoy) from IDR 801.55 billion seen in H1 2023. This Indeks52 constituent reported profit growth resulting from increased finance income and other income. In the Financial Report of H1 2024 quoted Wednesday (7/8),...