While reporting financial results for the third quarter on Wednesday, technology and software company Emerson Electric Co. (EMR) raised its adjusted earnings guidance for the full-year 2024. The company said the 2024 outlook assumes approximately $300 million returned to shareholders through share repurchases and approximately $1.2 billion of dividend payments. For fiscal 2024, the company...
Indian shares fluctuated before ending modestly lower on Tuesday. Markets opened on a buoyant note after Asian markets rebounded from their worst rout since 2008, following reassuring comments from Federal Reserve officials that the U.S. labor market is holding up better than would be indicated by investor reaction to recent employment data. Weak cues from...
By Svea Herbst-Bayliss (Reuters) - Institutional Shareholder Services, a proxy advisory firm, on Thursday threw its support behind Starbucks Corp (NASDAQ:SBUX), recommending investors elect all of management\'s directors in a board fight over worker pay and the coffee chain\'s stock price. Late last year the Strategic Organizing Center (SOC), a coalition of North American labor...
The Bank of Korea lowered its base rate for the first time in more than four years on Friday, in order to stimulate economy as inflation weakened to the lowest since early 2021 and household debt began to slow on tight macroprudential policies. The Monetary Policy Board headed by Rhee Chang Yong decided to cut...
Industrial production and foreign trade from Germany and investor confidence from the euro area are the top economic news due on Monday. At 2.00 am ET, Destatis publishes Germany\'s industrial output and external trade figures. Economists forecast production to grow 0.6 percent on month in February, following a 1.0 percent rise in January. The trade...
Indian shares traded lower on Tuesday after witnessing a strong rally in the previous session on the back of robust GDP data and encouraging exit poll results projecting the NDA could win between 355 and 380 seats in the 543-member lower house of parliament. The benchmark S&P BSE Sensex was down 2,066 points, or 2.7...
JAKARTA -PT PP Properti Tbk (PPRO)reported 90% year-on-year (yoy) surge in occupancy rate of Prime Park Hotel & Convention Lombok following MotoGP Mandalika 2024 that will be held on September 27-30, 2024. This achievement is revealed by Andek Prabowo, President Director of PPRO, in the press release today (27/8). “Our hotel is elated to welcome...
Bakrie Telecom Tbk (BTEL), a telecommunication company under Bakrie Group, booked net profit of IDR 7.1 billion in the first half (H1) of 2024. It is in contrast with BTEL’s poor performance in the same period last year, in which the company saw a loss of IDR 12.98 billion. According to the recently released financial...
Chinas central bank left the rate on medium-term lending facility unchanged on Friday after lowering the rate by 30 basis points last month. The Peoples Bank of China maintained the medium-term lending facility rate at 2.0 percent. The central bank today conducted a seven-day reverse repo operations of CNY 292.6 billion at an interest rate...
The Indonesia stock market on Friday snapped the two-day slide in which it had dropped almost 80 points or 1.1 percent. The Jakarta Composite Index now rests just above the 7,520-point plateau and it may extend its gains on Monday. The global forecast for the Asian markets is positive on optimism over the outlook for...