JAKARTA – Shareholders ofPT MD Entertainment Tbk (FILM)unanimously agreed upon the plan of over 50% acquisition of PT Net Visi Media Tbk (NETV), the managing company of NET Televisi. Following this decision, the company will officially enter television broadcast business. Fidela Hasworini, Corporate Secretary of FILM, mentioned that the Extraordinary General Meeting of Shareholders that...
The China stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day slide in which it had fallen more than 40 points or 1.3 percent. The Shanghai Composite Index now rests just above the 3,030-point plateau and its tipped to open in the red...
-- Hong Kong-listed Chinese property stocks fell on Wednesday, coming under pressure from renewed concerns over a real estate meltdown after Country Garden (HK:2007) was slapped with a liquidation petition. The embattled developer was the worst performer among its peers, sliding 11% and further into penny stock territory after Ever Credit Ltd filed a liquidation...
Eurozone retail sales grew only marginally in July, suggesting subdued support from household consumption to economic growth. Retail sales posted a monthly growth of 0.1 percent in July, reversing a 0.4 percent fall in June, data published by Eurostat showed on Thursday. The decline reflects a 1.0 percent drop in automotive fuel sales. Food, drinks...
The manufacturing sector in South Korea continued to expand in August, and at a faster rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.9. Thats up from 51.4 in July, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. There was...
Bitcoin has achieved all-time highs against local currencies in several countries across Asia and South America, following a significant 7% surge in its price. On May 21, Bitcoin reached an intraday and six-week high of $71,650, marking a gain of over 7% within a 24-hour period. According to CoinGecko, this puts the asset within a...
Terraform Labs co-founder Do Kwon is set to be extradited from Montenegro to his native South Korea following a ruling from the Balkan nation’s court of appeals on Thursday, August 1. The decision concludes a protracted legal battle over whether he should face charges in South Korea or the United States. Both countries have sought...
The Thai stock market has alternated between positive and negative finishes through the last six trading days in which it had picked up more than 40 points or 3 percent. The Stock Exchange of Thailand now sits just beneath the 1,365-point plateau and it figures to head south again on Wednesday. The global forecast for...
d3sign/Getty Images Investors who have held onto long-term bonds throughout the past few years might finally have their chance at seeing gains in a lower interest rate environment. Rate cuts by the Federal Reserve could push long-term bond prices higher after a period of declining values. However, as exciting as falling rates may seem, it’s...
Asian stocks followed Wall Street higher on Friday to hit a seven-month high as easier interest rates beckoned on the horizon. The dollar and Treasury yields were under pressure, helping underpin sentiment ahead of the all-important U.S. jobs data due later in the day that might offer further clues on when the Federal Reserve could...