The services sector in New Zealand fell into contraction territory in March, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.5. That\'s down from 52.6 in February, and it slips beneath the boom-or-bust line of 50 that separates expansion from contraction. Among the individual components, sales (44.8),...
JAKARTA – Rofikoh Rokhim, a Professor at Universitas Indonesia (UI), promotes Tempo and IDNFinancials’ Indeks52 to younger generation through several universities in Indonesia. She told IDNFinancials during the meeting of Committee of Indeks52 in Jakarta yesterday (24/7). According to Rokhim, Indeks52 may be used as a reference for students’ theses, particularly the ones in economy...
JAKARTA. The amount of incoming bids for the last auction of Government Sharia Securities (lit. Surat Berharga Syariah Negara/SBSN) or State Sukuk on September 10, 2024, reportedly reached IDR 21.27 trillion, as stated by Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance. There were 7 series of state sukuk offered...
By Siddharth Cavale NEW YORK (Reuters) - Opening new stores is back in style - at some U.S. retail chains. Executives at several major retailers in recent weeks have touted the chains\' efforts to gain market share by adding new locations. Target, for instance, is adding 300, Walmart (NYSE:WMT), 150; Sam\'s Club, 30; Bloomingdale\'s, 15...
The United States Securities and Exchange Commission (SEC) will continue to “ramp up” its ruling-by-enforcement approach to crypto regulations in 2024, according to Norton Rose Fulbright’s 2024 FinTech Outlook released last week. The global law firm expects “to see even further ramp-up in enforcement and regulatory actions in respect to US securities laws in the...
The popular cryptocurrency exchange Coinbase experienced a major outage today, causing a brief dip in Bitcoin’s price. Interestingly, this crash has fueled fresh speculation about a potential Bitcoin bull run. The market appears to be drawing parallels with previous Coinbase crashes, which preceded major surges in Bitcoin’s price. Between 12:15 PM ET and 12:30 PM...
NASHVILLE - HealthStream (NASDAQ:HSTM), a leading provider of workforce and provider solutions for the healthcare industry, reported mixed results for the fourth quarter, surpassing analyst earnings expectations but falling short on revenue. The company announced an adjusted EPS of $0.15 for the quarter, which was $0.05 higher than the consensus estimate of $0.10. However, revenue...
McDonald\'s Corp. announced Monday weak profit in its second quarter, below market estimates, hit mainly by higher charges and lower Systemwide sales and comparable sales. The fast food major\'s total revenues were nearly flat, but it grew about 1 percent in constant currencies. In pre-market activity on the NYSE, McDonald\'s shares were gaining around 0.6...
The Hong Kong stock market has moved lower in consecutive trading days, stumbling almost 850 points or 4 percent along the way. The Hang Seng Index now sits just shy of the 20,320-point plateau and it may take further damage again on Wednesday. The global forecast for the Asian markets is negative thanks to a...
Industrial production and foreign trade from Germany and investor confidence from the euro area are the top economic news due on Monday. At 2.00 am ET, Destatis publishes Germany\'s industrial output and external trade figures. Economists forecast production to grow 0.6 percent on month in February, following a 1.0 percent rise in January. The trade...