By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street three major indexes all retreated more than 1% on Tuesday, with weakness in megacap growth companies such as Apple Inc and the chip sector weighing most on the Nasdaq ahead of this week\'s crop of economic data and remarks from Federal Reserve Chair Jerome Powell....
The U.S. dollar was higher against its major counterparts in the New York session on Tuesday, after a data showed that consumer inflation increased in line with economist estimates in February, denting prospects of imminent rate cuts from the Federal Reserve. Data from the Labor Department showed that the consumer price index climbed by 0.4...
JAKARTA – The performance of PT Pembangunan Jaya Ancol Tbk (PJAA) took a downturn in Q3 2024 compared to Q3 2023. Lower revenue and increased expenses dragged its profit down by 41.10% to IDR 100.59 billion from IDR 170.80 billion. Based on Financial Report of Q3 2024 quoted Friday (11/11), PJAA’s operating revenue was recorded...
March saw a major decrease in crypto theft incidents, with malicious actors stealing approximately $79 million from decentralized finance (DeFi) projects, according to data from blockchain security firm CertiK. The figure represents an incredible 48% drop compared to the $160 million stolen in February. Flash Loan Attacks and Phishing Scams Contribute to Losses CertiK’s breakdown...
The Canadian market is up in positive territory Tuesday morning, led by gains in energy and materials sectors. Technology stocks are weak. The mood is cautious with investors awaiting the Canadian central bank\'s monetary policy announcement tomorrow. The Bank of Canada is widely expected to leave its key rate unchanged at 5%. The bank\'s views...
The Malaysia stock market on Wednesday wrote a finish to the three-day winning streak in which it had gathered more than 25 points or 1.6 percent. The Kuala Lumpur Composite Index now rests just above the 1,660-point plateau and it may take further damage on Thursday. The global forecast for the Asian markets is negative...
The Australian dollar weakened against other major currencies in the Asian session on Tuesday. The Australian dollar fell to nearly a 1-1/2-month low of 1.6627 against the euro and a 6-day low of 98.21 against the yen, from yesterday\'s closing quotes of 1.6586 and 98.56, respectively. Against the U.S. and the Canadian dollars, the aussie...
The Switzerland market ended sharply lower on Wednesday, tracking weakness in global markets amid rising concerns about economic slowdown in the U.S. and China. The benchmark SMI ended down 172.02 points or 1.39% at 12,176.17. The index touched a low of 12,133.05 in the session. Richemont dropped 5.8%. Logitech International and Swatch Group lost 4.17%...
The pound lost ground against its major counterparts on Friday, as European shares fell amid persistent concerns about the upcoming parliamentary elections in France. Political uncertainty in France weighed after the country\'s finance chief warned that a new left-wing coalition coming to power in France would lead to the country\'s exit from the European Union....
JAKARTA. PT Green Power Battery (GPB), a subsidiary of PT Green Power Group Tbk (LABA), will soon begin the battery production phase for electric vehicle needs. William Ong, President Director of LABA, said that GPB has currently obtained the first qualification to produce electric motor vehicle battery packs. The licensing and overall production qualification are...