A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended July 27th. The report said initial jobless claims climbed to 249,000, an increase of 14,000 from...
Labor productivity in the U.S. shot up by more than expected in the second quarter, according to a report released by the Labor Department on Thursday. The Labor Department said labor productivity surged by 2.3 percent in the second quarter after rising by a revised 0.4 percent in the first quarter. Economists had expected labor...
Hyundai Motor America reported Thursday that it sold a total of 69,202 units in the month of July, up 4 percent from last year\'s 66,527 units, driven by best ever July total sales record for Elantra HEV, Santa Fe HEV, Tucson HEV and Palisade. Hybrid total sales surge 67 percent in July. Retail sales of...
JAKARTA – After the green light from shareholders, PT Bank OCBC NISP Tbk (OCBC) now officially merges PT Bank Commonwealth (PTBC) with the company. This decision was made after the company concluded Extraordinary General Meeting of Shareholders today (2/8). It is worth mentioning that the acquisition process of PTBC has actually been concluded since May...
JAKARTA –The revenue ofPT Adira Dinamika Multifinance Tbk (ADMF)reportedly increased 10.68% year-on-year (yoy) in H1 2024, while its profit sloped 6.58% yoy due to a 16.32% yoy increase in total expenses. Based on Financial Report of H1 2024 quoted Friday (2/8), total revenue of this Indeks52 constituent was reported at IDR 5 trillion, up from...
Sari Kreasi Boga Tbk (RAFI), the managing company of Kebab Turki Baba Rafi franchise, only managed to bag net profit of IDR 9.08 billion in the first half of 2024. RAFI’s net profit in H1 2024 dropped 90% year-on-year (yoy) from the same period last year, in which the company’s net profit arrived high at...
JAKARTA – Revenue of PT Buyung Poetra Sembada Tbk (HOKI), a rice manufacturer known with its brand, Topi Koki, reportedly increased slightly by 6% year-on-year (yoy) to IDR 744 billion at the end of the first half (H1) of 2024. This shy climb resulted in massive improvement its profitability. According to Financial Report of H1...
Esta Indonesia Tbk (NEST), a swallow’s nest manufacturer and wholesale company, has set the initial public offering (IPO) price to IDR 200 per share. Said price arrives at the upper level of price range set by NEST during book building. With the offering price set to IDR 200 each, NEST will potentially raise fresh funds...
China\'s manufacturing sector fell into the contraction zone in July on renewed decline in new work and weak output growth, survey data from S&P Global showed on Thursday. The Caixin manufacturing Purchasing Managers\' Index fell to 49.8 in July from 51.8 in June. The reading was expected to drop moderately to 51.5. The score suggested...
European stocks are seen opening broadly higher on Thursday after the U.S. Federal Reserve hinted at a September rate cut and Facebook parent Meta gave Platforms reported good results for the June quarter and gave an upbeat outlook for Q3, driven by robust digital ad spending on Facebook and Instagram. Apple and Amazon.com will report...