U.S. Dollar Strengthens Against Majors

The U.S. dollar advanced against its major counterparts in the New York session on Tuesday amid indications of a hawkish Federal Reserve heading into 2025. President-elect Donald Trumps policies could stoke inflation and alter the Feds monetary policy stance. Hawkish stance from the Fed and higher tariffs are expected to increase demand for the dollar....

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Still focusing on debt settlement, Krakatau Steel to reevaluate subsidiary’s IPO plan

JAKARTA - PT Krakatau Steel (Persero) Tbk (KRAS) is open to the opportunity to debut its subsidiary in Indonesia Stock Exchange (IDX). President Director of Krakatau Steel, Muhammad Akbar, in a virtual press conference, last Tuesday (31/12), confirmed that the company is currently reviewing the potential of its subsidiary conducting an IPO to generate added...

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KOSPI May Give Up Support At 2,400 Points

The South Korea stock market has moved lower in three straight sessions, surrendering almost 40 points or 1.7 percent along the way. The KOSPI now rests just above the 2,400-point plateau and its likely to take further damage again on Monday. The global forecast for the Asian markets is mixed to lower in this holiday-shortened...

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