JAKARTA -PT Petrosea Tbk (PTRO) spent IDR 6 trillion of its capital expenditure (capex) budget in order to acquire new supporting equipment to support business expansion in Central Kalimantan. Iman Darus Hikhman, Mining and Mine Services Director of Petrosea, confirmed that this new equipment purchase will support several new mining service projects. “It is an...
The Switzerland market ended on a weak note on Monday as investors reacted to some corporate news, and largely chose to stay cautious ahead of the Federal Reserve\'s monetary policy announcement. The benchmark SMI, which stayed weak right through the day\'s session, settled with a loss of 52.50 points or o.45% at 11,623.63, around 30...
The South Korea stock market turned lower again on Tuesday, one day after ending the four-day losing streak in which it had dropped more than 55 points or 2.1 percent. The KOSPI now sits just shy of the 2,725-point plateau and it\'s likely to remain rangebound again on Wednesday. The global forecast for the Asian...
The tokenization of real-world assets (RWAs) may be the next “killer use case” for the crypto industry. Investment bank Citi released a report in March 2023 showing that the market for RWAs is projected to reach $4 trillion to $5 trillion by the year 2030. The report notes that the potential for tokenization via blockchain...
Era Graharelaty Tbk (IPAC), a real estate management and developer, booked a net loss of IDR 1.18 billion in the first half (H1) of 2024. Said loss was seemingly affected by high operational expenses of IPAC in H1 2024, as seen from direct expenses of the company that reached IDR 8.13 billion, up 181% year-on-year...
UK house prices increased at a below seasonal average pace in October due to the rise in buyer choice and increasing seller competition, property website Rightmove said Monday. House prices grew 0.3 percent month-on-month in October, which was much lower than the average seasonal 1.3 percent increase at this time of year. Prices had increased...
Bitcoin’s price, now at $70,768 with a 1.50% rise, is nearing uncharted territory, spurred by a $35 billion trading volume. Amidst Google’s embrace of blockchain data, indicating growing mainstream acceptance, Bitcoin price predictions are increasingly optimistic, suggesting a trajectory towards new all-time highs. This shift underscores a significant moment in cryptocurrency’s integration into the broader...
The Singapore stock market has moved higher in back-to-back sessions, collecting more than 25 points or 0.7 percent along the way. The Straits Times Index now sits just shy of the 33,90-point plateau and its tipped to open in the green again on Monday. The global forecast for the Asian markets is positive on optimism...
In a keynote speech delivered at the Barron’s Advisor 100 Summit on September 20, Bitwise Chief Investment Officer (CIO) Matt Hougan revealed that top financial advisors are increasingly incorporating cryptocurrency into their personal portfolios. Increase in Financial Advisors Embracing Crypto Signals Changing Times In a memo published on September 23, Bitwise CIO Matt Hougan reflected...
-- Alcoa Corp (NYSE:AA) said on late-Sunday it made a $2.2 billion, all stock offer to take over Australian aluminum producer Alumina Ltd (ASX:AWC) and potentially create one of the world’s largest bauxite and alumina producers. Pittsburgh-based Alcoa said Alumina shareholders will receive 0.02854 Alco shares for each Alumina share, representing a per-share value of about...