The U.S. dollar dropped against its major counterparts in the New York session on Friday, as investors await key inflation data due next week for more clues about the potential size of a rate cut in September. Traders trimmed bets on aggressive Federal Reserve easing following the release of the latest weekly jobless claims data....
JAKARTA – Debuting on Indonesia Stock Exchange (IDX) last Wednesday (7/8), PT Global Sukses Digital Tbk (DOSS) sets up profit and revenue growth target to double digit in 2024. The board of directors claims that this is a realistic and achievable target considering the performance rate as of now. Met at Press Conference of DOSS...
JAKARTA – National Committee of Sharia Economy and Finance (lit. Komite Nasional Ekonomi dan Keuangan Syariah/KNEKS) is proposed to become a Sharia Economy Development Institution (lit. Badan Pengembangan Ekonomi Syariah/BPES) in the upcoming government term. For the record, the regulation regarding KNEKS status upgrade has been drafted as a Presidential Regulation, which could hopefully be...
JAKARTA -PT AKR Corporindo Tbk (AKRA) is allocating interim dividend for the fiscal year of 2024 worth IDR 987.64 billion or IDR 50 per share. Suresh Vembu, Director of AKRA, confirmed that the interim dividend distribution was decided by the board of directors under the approval from the board of commissioners on July 24, 2024....
The U.S. dollar remained subdued on Friday as investors assessed the prospects of interest rate cuts by the Federal Reserve in the wake of recent labor market data, and awaited consumer price and producer price inflation data due next week for further clarity on the central banks rate trajectory. In an interview with the Providence...
JAKARTA – Throughout the session today (9/8), Jakarta Stock Composite Index (JCI) reportedly climbed to 7,250, close to the rebound level of 7,300 as seen last Friday (2/8). Monitoring JCI at afternoon session, the index rode the bearish wave to the green zone since this morning. At 9 AM WIB, JCI was seen opening at...
Icahn Enterprises L.P. (IEP) reported Wednesday a net loss attributable to Icahn Enterprises for the second quarter of $331 million or $0.72 per depositary unit, wider than $269 million or $0.72 per depositary unit in the prior-year quarter. Revenues for the quarter declined to $2.20 billion from $2.56 billion in the same quarter last year....
Media and entertainment major Walt Disney Co. on Wednesday raised its fiscal 2024 adjusted earnings growth target after reporting a significant profit in its third quarter, compared to prior years loss. Adjusted earnings for the quarter also topped market estimates on higher revenues. Meanwhile, Disney shares were losing around 4.1 percent on the NYSE, to...
The Canadian market is up firmly in positive territory around noon on Wednesday thanks to some hectic buying in the technology sector on encouraging earnings. Energy stocks are contributing as well to markets smart rebound. Several stocks from other sectors too have moved higher on bargain hunting and short-covering. The benchmark S&P/TSX Composite Index, which...
The Swiss franc fell against its major counterparts in the New York session on Wednesday. The franc weakened to 5-day lows of 0.8661 against the greenback and 1.1020 against the pound, off its early highs of 0.8505 and 1.0806, respectively. The franc touched 0.9470 against the euro, setting a 6-day low. The franc eased to...