SHANGHAI (Reuters) - A record-breaking rally in Chinese sovereign debt is hitting a fever pitch in another sign China\'s financial system is low on confidence and overflowing with cash and bank deposits. Yields at the longer end of China\'s bond market have been crunched to record lows by the weight of available money, and bankers...
Samsung Electronics Co. announced that it has begun mass production of a new solid-state drive or SSD, which stores and transfers data for artificial intelligence personal computers. The South Korean advanced memory tech major has initiated mass producing PM9E1, a PCle 5.0 SSD with the industrys highest performance and largest capacity. According to the firm,...
-- US stock index futures fell in evening deals on Monday, extending declines in Wall Street as uncertainty over the path of U.S. interest rates saw traders step back from recent record highs. Risk aversion before “Super Tuesday”- where 15 states are set to vote in the Presidential Election Primaries- also factored into market losses,...
By Ananya Mariam Rajesh and Katherine Masters (Reuters) -Nike warned on Thursday that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world\'s largest sportswear maker scales back on franchises to save costs. Nike (NYSE:NKE)\'s warning came after the stock market closed, and shares were down...
European stocks pared early gains and ended on a mixed note on Thursday as investors continued to assess the likely moves of central banks with regard to interest rates in the wake of recent economic data, and the minutes of the Federal Reserve\'s latest monetary policy meeting released on Wednesday. The minutes of the Federal...
German stocks traded notably lower on Friday as investors reacted to hawkish comments from Federal Reserve officials and signs of escalating tensions in the Middle East, with Iran downplaying Israel\'s retaliatory attack. In economic releases, Germany\'s producer prices continued to decline in March, though at the slowest pace in nine months, data published by Destatis...
Global Digital Niaga Tbk (BELI), or Blibli, reported a loss of IDR 1.19 trillion in the first half of 2024. Said loss actually improved 31.4% year-on-year (yoy) from the same semester last year, in which BELI’s loss was worse at IDR 1.74 trillion. From the top-line, BELI has indeed shown a slight increase in net...
The Indonesia stock market bounced higher again on Tuesday, one day after snapping the three-day winning streak in which it had collected more than 100 points or 1.3 percent. The Jakarta Composite Index now sits just above the 7,760-point plateau although it may head south again on Wednesday. The global forecast for the Asian markets...
Consumer confidence survey results from Germany and France are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Germany\'s market research group GfK releases consumer confidence survey results. The forward-looking sentiment index is forecast to improve to -29.0 in March from -29.7 in the previous month. In the...
JAKARTA. A total of 3 startups from Indonesia have received funding totaling more than US$28.5 million this week. According to data compiled by .com, the three startups are Broom, Rey.id, and Pallav Technologies. All three are startups based in Jakarta. Broom, a startup in the automotive sector, received funding of US$ 25 million from a...