Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as bond yields declined on expectations that the US Fed will cut interest rates this year to prevent a bigger slowdown in the world\'s largest economy. Asian markets ended mostly lower on Thursday. Federal Reserve Bank of...
JAKARTA - PT Indah Kiat Pulp & Paper Tbk (INKP), one of paper manufacturers under APP Group of Sinarmas, is once again listed under three categories of Indeks Tempo-IDNFinancials 52 following annual evaluation, effective per June 2024. INKP still remains under Main Index, High Growth, and Big Market Cap categories of Indeks52, after scoring satisfactory...
French stocks advanced on Friday as encouraging U.S. labor market data brought some relief to investors worried about a slowing economy. Also, a measure of Chinas consumer price inflation surged to a five-month high, providing much-need positive news on the worlds second-largest economy. The dollar hovered close to a one-week high against major rivals in...
JAKARTA. PT Lontar Papyrus Pulp & Paper Industry, a pulp and tissue producer belonging to the Sinarmas Group, will issue Shelf Registration Bonds III Phase I/2024 and Shelf Registration Mudharabah Sukuk I Phase I/2024 with a total principal amount of IDR 2.5 trillion. The principal amount to be issued by Lontar Papyrus Pulp & Paper...
European stocks are seen opening on a mixed note Friday after a highly anticipated meeting of the Chinese Communist party expected to focus on the economy provided little cheer to investors. Meanwhile, U.S. streaming giant Netflix posted better-than-expected results for the second quarter but issued soft revenue outlook, sending its shares lower in extending trading...
JAKARTA. The amount of incoming bids recorded in the auction of Government Sharia Securities (lit. Surat Berharga Syariah Negara/SBSN) or State Sukuk last Tuesday (8/10), reportedly hit IDR 14.81 trillion. as revealed by the Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance. There were 7 series of sukuk offered in...
European stocks closed lower on Tuesday, weighed down by the developments on the political front in the region, comments from some ECB officials that the central bank is unlikely to cut interest rates anytime soon, and lingering uncertainty about the outlook for U.S. interest rates. Higher U.S. Treasury yields weighed as well on stocks. Bond...
European stocks may open on a mixed note Thursday, with technology stocks likely to suffer losses as Nvidias quarterly forecast failed to impress investors. The AI chip champion predicted sales and margins broadly in line with Wall Street estimates but disappointed some bullish investors who had hoped for something more dramatic. Asian markets fell in...
Institutional interest for Bitcoin and other digital assets has been apparent in previous years. Yet industry experts believe that investors are taking a newfound interest in Bitcoin (BTC) following the approval of 11 US spot Bitcoin exchange-traded funds (ETFs). David Lawant, Head of Research at FalconX – an institutional crypto brokerage – told Cryptonews that...
The Japanese stock market is significantly higher on Wednesday, recouping some of the losses in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving well above the 40,700 level, with gains across most sectors led by exporters and financial stocks. The benchmark Nikkei 225 Index is...