Indian shares fell modestly on Wednesday, with weak global cues and the government\'s decision to raise tax on capital gains and on trading derivatives dampening sentiment. Global cues were weak as Google parent Alphabet and electric vehicle maker Tesla reported disappointing financial results and a survey showed Eurozone business activity slowed further in July. Investor...
While reporting financial results for the second quarter on Wednesday, telecom giant AT&T, Inc. (T) reiterated its adjusted earnings guidance for the full-year 2024. For fiscal 2024, the company continues to project adjusted earnings in a range of $2.15 to $2.25 per share on wireless service revenue growth of 3 percent and broadband revenue growth...
While reporting financial results for the second quarter on Wednesday, biopharmaceutical company Alkermes plc (ALKS) reiterated its revenue guidance for the full-year 2024. For fiscal 2024, the company continues to project total revenues between $1.50 billion and $1.60 billion. It also expects net income in a range of $350 million to $390 million and adjusted...
JAKARTA.PT Sunter Lakeside Hotel Tbk (SNLK) once again dealt with a loss of IDR 4.27 billion in the first half (H1) of 2024, 8.8% year-on-ear (yoy) higher from the loss seen in the same period last year. In H1 2024, SNLK’s revenue actually increased 12.23% yoy from the same period last year. According to IDNFinancials...
JAKARTA – IDNFinancials along with PT Tempo Inti Media Tbk (TMPO) are preparing to host Malam Apresiasi Emiten 024 of Indeks Tempo-IDNFinancials 52, which will take place in Balikpapan, East Kalimantan on July 26, 2024. It is worth mentioning that Indeks Tempo-IDNFinancials 52, or shortly known as Indeks52, is a collaboration between both entities initially...
JAKARTA. Financial Services Authority (lit. Otoritas Jasa Keuangan/OJK) is planning to raise online credit limit to IDR 10 billion for certain sectors. In the official statement, OJK believes the plan aligns with Law No.4/2024 regarding the development and improvement of finance sector (UU P2SK). “It is still a draft of new OJK regulation. Said draft...
The U.S. Securities and Exchange Commission (SEC) has officially approved the first batch of spot Ethereum ETFs in the United States, sparking widespread attention in the cryptocurrency market. Eight companies, including BlackRock and VanEck, will have their spot Ethereum ETFs start trading on July 23 on the Chicago Board Options Exchange (CBOE), Nasdaq, and the...
The euro was lower against its most major counterparts on Thursday, as the European Central Bank left its key interest rates unchanged and said policymakers would follow a data-dependent approach on rate path. The Governing Council, led by ECB President Christine Lagarde, held the main refinancing rate at 4.25 percent, the deposit facility rate at...
The U.S. dollar firmed against its major counterparts on Thursday as bond yields moved up, and the Euro fell after the European Central Bank left its key interest rates unchanged. The greenback shed ground despite continued optimism about some interest rate cuts by the Federal Reserve this year. In economic news today, a report from...
After opening slightly down, the Canadian market kept edging lower and lower as the session progressed on Thursday, due to sustained selling in materials, consumer discretionary and technology sectors. The benchmark S&P/TSX Composite Index ended with a loss of 124.41 points or 0.54% at 22,726.76. Hut 8 Corp (HUT.TO) ended down nearly 8%. Teck Resources...