Tigaraksa Satria Tbk (TGKA) has divested the entire portion of its shares in PT Gramedia Digital Nusantara (GDN) to PT Digital Intisari Nusantara (DIN). Syahrizal Sabir, Corporate Secretary of TGKA, mentioned that the portion of TGKA in GDN sold to DIN is 93,345 shares, which are equal to 70% of GDN. “This transaction does not...
Crypto is now a store of value and a financial speculation instrument, but there is no “kick-ass mainstream use case that we want.” The next evolution of AI could become that use case, said Goertzel. Hence, the team is looking into ways to launch the next AI evolution on the ASI infrastructure. Certain useful elements...
Investors following Ryerson Holding Corp (NYSE:RYI) might be interested to learn that the company\'s Chief Information Officer, Sundarrajan Alagu, has recently sold a significant amount of company stock. The transactions, which took place on two separate dates, are part of the executive\'s latest financial moves involving Ryerson Holding\'s shares. On March 22, 2024, Alagu sold...
Kim based the analysis on gold and credit default swaps (CDS)-related data, noting that Bitcoin also provides investors “value storage” and “decentralization.” The expert noted that Bitcoin is “easier to trade and store than gold.” “In the modern era, a time when transactions between countries and individuals are increasing fast, [the crypto market] could potentially...
As Bitcoin nudges $69,935, market watchers are keen on its next move, with predictions hinting at a potential rebound above $70,000. Amidst fluctuating trends, the crypto giant’s ability to breach the $70,000 resistance level is crucial. This scenario stirs speculation on whether it’s the opportune moment to buy the dip, especially with forecasts suggesting significant...
A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased in line with economist estimates in the month of March. The Fed said industrial production climbed by 0.4 percent in March, matching the upwardly revised advance in February. Economists had expected industrial production to rise by 0.4 percent compared...
The U.S. dollar recovered against its major counterparts in the New York session on Thursday, after a data showed that first-time claims for unemployment benefits unexpectedly fell to a nearly four-month low in the week ended September 14. Data from the Labor Department showed that initial jobless claims slid to 219,000, a decrease of 12,000...
JAKARTA – As of June 2024, PT Bundamedik Tbk (BMHS) reported slight increase in revenue of 9% year-on-year (yoy) compared to H1 2021. However, solid operational activities, as well as cost efficiency, managed to bring forth net profit surge by up to 199% yoy. According to Financial Report of H1 2024, BMHS recorded revenue of...
The UK economy expanded again in the second quarter but the pace of growth moderated slightly due to the contractions in industrial and construction output, data from the Office for National Statistics showed on Thursday. Real gross domestic product grew 0.6 percent in the three months to June, following the 0.7 percent expansion seen in...
The Singapore stock market on Friday snapped the modest two-day winning streak in which it had gathered almost 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,590-point plateau and it may tick lower again on Monday. The global forecast for the Asian markets is murky amid concerns over the...