Following three straight quarter point interest rate cuts, the Bank of Canada on Wednesday announced its widely expected decision to slash rates by a half point. The Bank of Canada said it decided to reduce its target for the overnight rate by 50 basis points to 3.75 percent, with the Bank Rate at 4 percent...
JAKARTA –Jakarta Stock Price Composite Index (JCI) crashed at the red zone nearing the closing bell today (10/10). The index only briefly soared to over 7,500, recorded at 9 AM WIB. Monitoring the board at the last minute of today’s session, JCI shifted to 7,478.17, only a slight gain from its worst position today at...
Honeywell International Inc. (HON) announced Monday the completion of its acquisition of Carrier Global Corp.\'s (CARR) Global Access Solutions business for $4.95 billion. The acquisition positions Honeywell as a leading provider of security solutions for the digital age with opportunities for accelerated innovation in the fast-growing, cloud-based services and solutions space. Global Access Solutions enhances...
JAKARTA – Nixon LP Napitupulu, President Director of PT Bank Tabungan Negara Tbk (BBTN), announces its vision prepared for its sharia business unit, Bank Tabungan Negara Syariah, for the next two years. In Public Expose Live 2024 of BBTN today (27/8), Napitupulu said that two years from now, BTN Syariah is projected to be the...
The Hong Kong stock market has moved higher in two of three trading days since the end of the two-day slide in which it had stumbled almost 400 points or 2.5 percent. The Hang Seng Index now sits just above the 16,540-point plateau, although it may hand back some of those gains on Tuesday. The...
Construction spending in the U.S. unexpectedly saw further downside in the month of February, according to a report released by the Commerce Department on Monday. The report said construction spending dipped by 0.3 percent to an annual rate of $2.091 trillion in February after edging down by 0.2 percent to a revised rate of $2.097...
While reporting financial results for the second quarter on Thursday, Abbott Laboratories (ABT) provided earnings and adjusted earnings guidance for the third quarter and raised its outlook for the full-year 2024. For the third quarter, Abbott projects earnings in a range of $0.85 to $0.89 per share and adjusted earnings in a range of $1.18...
By Nick Carey BERKHAMSTED, England (Reuters) - Electric vehicle drivers unable to install a charger at home are turning instead to stopgaps offered by U.S. and European firms as alternatives to often expensive or inconvenient public charging points. The solutions include online platforms allowing people to rent out their chargers, \"pavement gullies\" for properties with...
Arkham Intelligence has allegedly pinpointed the Bitcoin addresses belonging to Tesla and SpaceX, with holdings valued at over $1.3 billion. According to Arkham’s announcement on social media, the crypto intelligence firm claimed to have identified Tesla and SpaceX’s Bitcoin addresses through a meticulous analysis. They suggested these addresses align with the companies’ previous financial statements....
The Thai stock market has moved lower in three straight sessions, slumping more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,450-point plateau and its expected to see continued consolidation on Thursday. The global forecast for the Asian markets is negative on mixed corporate...