Asian stocks rose broadly on Friday as Microsoft and Google\'s parent company Alphabet both beat Wall Street\'s Q1 expectations, offsetting Meta Platforms\' disappointing forward guidance. The yen hit a fresh 34-year low as the Bank of Japan ended its two-day policy meeting with no change to interest rates and the target policy rate. Oil and...
Industrial output in South Korea was down a seasonally adjusted 0.1 percent on month in June, Statistics Korea said on Wednesday. That beat expectations for a decline of 0.7 percent following the 0.8 percent drop in May. On a yearly basis, industrial output was 0.5 percent. The data also showed that retail sales rose 1.0...
By David Shepardson WASHINGTON (Reuters) - The chair of the National Transportation Safety Board will tell the Senate Commerce Committee on Wednesday the agency needs more funding and warn cuts could put probes into aviation and rail accidents at risk. NTSB Chair Jennifer Homendy will tell a committee hearing, in written testimony seen by Reuters,...
While reporting financial results for the first quarter on Thursday, technology company Aptiv PLC (APTV) raised its adjusted earnings guidance for the full-year 2024, while slashing annual net sales outlook. For fiscal 2024, the company now projects adjusted earnings in a range of $5.80 to $6.30 per share on net sales between $20.85 billion and...
By David Shepardson WASHINGTON (Reuters) -The head of the Federal Railroad Administration on Wednesday urged Norfolk Southern (NYSE:NSC) to focus on safety after a group of activist investors proposed replacing the company\'s top management. FRA Administrator Amit Bose wrote CEO Alan Shaw to \"reiterate the only avenue to ensure NS’s immediate and long-term success is...
The Taiwan stock market has moved lower in three straight sessions, slumping more than 400 points or 1.9 percent along the way. The Taiwan Stock Exchange now rests just above the 21,030-point plateau although its likely to stop the bleeding on Thursday, The global forecast for the Asian markets is upbeat on optimism over the...
Joblessness in Germany increased less than expected in February despite the economy undergoing severe downward pressures, official data revealed Thursday. The number of people out of work increased only by 4,000 in March, the Federal Labor Agency reported. The figure was forecast to rise by 10,000 after increasing 12,000 in February. The unemployment rate came...
JAKARTA. PT Energy Transporter Indonesia (ETI), a subsidiary of PT Transcoal Pacific Tbk (TCPI), has divested one of its barges, ETI 800. Erizal Darwis, Director of TCPI, said that this vessel divestment price is set to IDR 6 billion. The barge is sold to a company unaffiliated with the company. Darwis further mentioned that the...
Crypto exchange DMM Bitcoin based in Japan, which suffered a major hack losing 4,502.9 Bitcoin on Friday, is planning to raise funds to buy BTC in order to compensate its customers. Per a Bloomberg report, the exchange mulls raising 50 billion yen (around $321 million). The funds would “take care” of the world’s largest crypto...
Jaya Real Property Tbk (JRPT), a property developer, has realised 75% of tis capital expenditure (capex) set for the fiscal year (FY) 2024. Yohannes Hengky Wijaya, Vice President Director of JPRT, mentioned that the company has prepared capex budget of IDR 400-500 billion this year. “As of now, it has been [realised by] 70-75%,” he...