JAKARTA – Statistics Indonesia (lit. Badan Pusat Statistik/BPS) reported inflation arriving at 2.13% in July 2024, sliding down from July 2023’s position at 3.08%. Inflation in July 2024 is also lower than inflation seen earlier this year. Based on BPS data quoted today (2/8), inflation in July 2024 was reported lower than June 2024’s position...
Wulandari Bangun Laksana Tbk (BSBK), a property and real estate developer, is scheduling interim dividend distribution of IDR 25.09 billion or IDR 1 per share. Alexandro Martin Tiga, Corporate Secretary of BSBK, mentioned that said plan is in accordance with the decision made by the board of directors. “It had been approved by the board...
German stocks fell sharply on Thursday as automotive companies posted disappointing earnings results and a survey showed the downturn in Germany\'s manufacturing sector accelerated in July. The HCOB final Purchasing Managers\' Index (PMI) dropped to 43.2 from 43.5 in June, above a preliminary flash estimate of 42.6. The benchmark DAX was down 218 points, or...
French stocks declined on Thursday, with banks and automakers retreating on disappointing earnings. Investors were also reacting to the latest HCOB PMI survey data indicating a deterioration in France\'s manufacturing sector at the start of the third quarter. The benchmark CAC 40 was down 97 points, or 1.3 percent, at 7,434 after rising 0.8 percent...
U.K. stocks edged lower in cautious trade on Thursday ahead of the Bank of England\'s rate decision later in the day. The central bank is likely to lower its interest rate from a 16-year high, but it will be a very close call. The Monetary Policy Committee is expected to trim the bank rate by...
European stocks traded lower on Thursday, with a slew of disappointing earnings as well as downbeat PMI and unemployment data weighing on markets. The eurozone manufacturing sector remained in contraction territory in July, according to a survey released earlier today. HCOB\'s final manufacturing PMI came in unchanged from June at 45.8, a tad higher than...
The euro area manufacturing sector continued to contract on steep reduction in orders and output in July, final data from S&P Global showed on Thursday. Further, official data showed that the unemployment rate in the currency bloc edged up in June as firms scaled back their staffing capacity amid weak economic activity. The HCOB manufacturing...
Itron, Inc. (ITRI) reported Thursday that net income attributable to the company for the second quarter of $51.32 million or $1.10 per share, sharply higher than $24.20 million or $0.53 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $1.21 per share, compared to $0.65 per share last year. Total...
Shares of BMW Group were losing around 2 percent in the German trading after the automajor reported Thursday weak profit, revenues and deliveries in its second quarter. Looking ahead for fiscal 2024, the company continues to expect Group profit before tax to decrease slightly due to higher manufacturing and fixed costs. For fiscal 2024, the...
R1 RCM, Inc. (RCM) announced Thursday that it has entered into a definitive agreement to be acquired by investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice or CD&R, in an all-cash transaction with an enterprise value of approximately $8.9 billion. An investment vehicle controlled by TowerBrook is currently the beneficial owner...