VKTR Teknologi Mobilitas Tbk (VKTR), an electric vehicle trading and manufacturing company under Bakrie Group, only recorded net profit of IDR 10.55 billion within the first nine months (9M) of 2024. This net profit slipped 45.9% year-on-year (yoy) from VKTR’s net profit in 9M 2023, which reached IDR 19.52 billion. According to the recently issued...
The private sector in Hong Kong moved into expansion territory in October, the latest survey from S&P Global revealed on Tuesday with a PMI score of 52.2. Thats up from 50.0, which was the boom-or-bust stagnation line that separates expansion from contraction. Central to the latest upturn in business conditions was an improvement in demand....
The private sector in Singapore continued to expand in October, albeit at a slower rate, the latest survey from S&P Global revealed on Tuesday with a PMI score of 55.5. Thats down from 56.6, although it remains above the boom-or-bust line that separates expansion from contraction. Incoming new orders for Singaporean goods and services expanded...
The services sector in Australia continued to expand in October, and at a faster rate, the latest survey from Judo Bank revealed on Tuesday with a PMI score of 51.0. Thats up from 50.5, and it moves further above the boom-or-bust line that separates expansion from contraction. Higher new business inflows underpinned the latest acceleration...
The services sector in China continued to expand in October, and at a faster rate, the latest survey from Caixin revealed on Tuesday with a PMI score of 52.0. Thats up from 50.3, and it moves further above the boom-or-bust line that separates expansion from contraction. Improvements in underlying demand and market conditions underpinned growth...
Consumer prices in South Korea were flat on a seasonally adjusted monthly basis in October, Statistics Korea said on Tuesday. The was shy of expectations for an increase of 0.2 percent and down from 0.1 percent in September. On an annualized basis, inflation was up 1.3 percent - again missing forecasts for 1.4 percent and...
Indian shares traded lower for a second straight session on Tuesday due to persisting Middle East tensions and uncertainty surrounding the closely contested U.S. presidential election. The benchmark S&P/BSE Sensex was down 185 points, or 0.2 percent, at 78,598 following its steepest decline in a month the previous day. The broader NSE Nifty index dropped...
Nearly two months long strike at Boeing Co. has ended after a majority of around 33,000 frontline workers voted to approve a new contract that will deliver 43.65 percent compounded wage increase. Following the deal, Boeing shares were gaining around 1.91 percent in the pre-market activity on the NYSE to trade at $158.50. While announcing...
The Japanese yen weakened against other major currencies during the European session on Tuesday, as traders remain cautious amid a rare political crisis following a Japanese snap election that raises doubts about the Bank of Japans capacity to raise interest rates further and the U.S. election. Former BOJ board member Makoto Sakurai said that the...
Joblessness in Spain increased in October but logged the smallest gain for the month since 2006 except for the pandemic years of 2021 and 2022, data from the labor ministry showed on Tuesday. The number of unemployed rose by 26,769 persons, which was a below average increase for the month of October. Economists were looking...