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...
The Canadian market is up in positive territory Tuesday morning, led by gains in energy and materials sectors. Technology stocks are weak. The mood is cautious with investors awaiting the Canadian central bank\'s monetary policy announcement tomorrow. The Bank of Canada is widely expected to leave its key rate unchanged at 5%. The bank\'s views...
On Wednesday, Citi adjusted its outlook for Starbucks Corporation (NASDAQ:SBUX), reducing the coffee giant\'s price target to $102 from the previous $103 on its shares, while maintaining a Neutral rating on the stock. The firm\'s analysis highlighted several factors that could potentially shift its stance to a more bullish view on Starbucks shares. The firm...
(Reuters) - Andrei Kostin, CEO of Russia\'s No. 2 bank VTB, has rejected a U.S. charge that he illegally circumvented sanctions restrictions, calling accusations in a U.S. court indictment \"groundless\". The United States on Feb. 22 charged Kostin and two U.S.-based associates with sanctions violations as part of a flurry of enforcement actions aimed at...
The Taiwan stock market moved back to the upside on Thursday, one session after ending the three-day winning streak in which it had rallied more than 810 points or 3.9 percent. The Taiwan Stock Exchange now sits just above the 22,040-point plateau and its looking at a firm lead for Fridays trade. The global forecast...
Cybersecurity firm Wiz, which had been in advanced talks to be acquired by tech major Google\'s parent Alphabet Inc., walked away from the $23 billion offer, and now would pursue its original plan of an Initial public offering, reports said. Wiz co-founder and CEO Assaf Rappaport wrote in a memo that \"Saying no to such...
German economic confidence improved only marginally in June, survey data from the ZEW economic research institute showed Tuesday. The ZEW Indicator of Economic Sentiment rose slightly to 47.5 in June from 47.1 in the previous month. The reading remained below forecast of 50.0. Assessment of current situation deteriorated in June with the index falling to...
First-time claims for U.S. unemployment benefits unexpectedly fell to a nearly four-month low in the week ended September 14th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slid to 219,000, a decrease of 12,000 from the previous weeks revised level of 231,000. Economists had expected jobless...
The U.S. Department of Justice has initiated a legal move to seize $2.3 million in cryptocurrency, funds that are traceable back to an elaborate “pig butchering” scam. According to the official press release by the U.S. Attorney’s Office, District of Massachusetts, the authority filed a civil forfeiture action to recover the funds connected to an...
By Arsheeya Bajwa and Max A. Cherney (Reuters) -Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares up 10% after-hours. The already-hefty demand for the company\'s data center chips and graphics processing units (GPUs)...