The US House on Wednesday voted in favor of crypto-friendly legislation (FIT21) that would hand control of cryptocurrency oversight to a government agency seen as more favorable to the industry. Its objective is to establish a fresh legal structure for digital currencies. This is despite an unconventional caution from the US securities regulator regarding the...
Indian shares may struggle for direction at open on Wednesday as U.S. rate concerns lingered and an escalation of the military operation in Rafah fueled uncertainty about a ceasefire in Gaza. The United States has played down the deadly Israeli assault on Rafah and said it would push for the ceasefire deal. On the earnings...
In a recent move closely watched by investors, Berkshire Hathaway Inc . (NYSE:BRKa) has made a significant purchase of Liberty Media Corp (NASDAQ:LSXMK) stock, investing approximately $36.77 million. The transactions occurred over three separate days, signaling a strong vote of confidence in the media company\'s value from the renowned investment firm. The buying spree kicked...
JAKARTA - Indonesias trade balance during January-September 2024 fell 20.71% compared to the same period in 2023. The decline in the trade balance was due to an increase in the deficit in the oil and gas sector and a decline in the non-oil and gas sector. Data from the Central Statistics Agency (BPS) quoted Thursday...
JAKARTA - PT Dima Investindo (DI) will acquire 55% ofPT Kurniamitra Duta Sentosa Tbk (KMDS)owned by PT Miki Ojisan Indomitra (MOI). DI is not directly or indirectly affiliated with KMDS. In the information disclosure quoted Friday (13/9), Hengky Wijaya, President Director of KMDS, mentioned that the shares of MOI to be acquired reach 440 million...
On Wednesday, Jefferies, a well-known financial services company, increased its price target for Analog Devices (NASDAQ:ADI) shares, moving the target from $212.00 to $224.00. The firm maintained a Buy rating on the stock, expressing confidence in the company\'s future performance. The revision follows Analog Devices\' recent financial results, which showed a modest revenue beat of...
Avia Avian Tbk (AVIA) has collected dividends from two of its subsidiaries, PT Tirtakencana Tatawarna (Tirta Tatawarna) and PT Tirtakencana Batamindo (Tirta Batamindo), worth a total of IDR 107.99 billion. Hera Septi Astuti, Corporate Secretary of AVIA, confirmed that said dividends originate from retained earnings of Tirta Tatawarna and Tirta Batamindo recorded for the fiscal...
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Wednesday, as Asian stock markets traded lower, following the sell-off on the Wall Street overnight, as markets in Australia, Japan, South Korea, Hong Kong, Singapore and Taiwan all tumbled. Weak commodity prices, concerns...
Asian stocks ended mixed on Thursday as investors digested weak U.S. manufacturing data and waited for more U.S. data this week, including Fridays all-important jobs report for directional cues. The dollar struggled to find footing in Asian trading, helping gold prices recover some ground. Crude prices rose modestly after industry data showed decline in inventories...
The Japanese stock market is trading modestly higher on Monday, reversing the losses in the previous session. The benchmark S&P/ASX 200 is moving above the 38,700 level, following the broadly positive cues from Wall Street cues on Friday, with gains in index heavyweights and technology stocks. The benchmark Nikkei 225 Index is up 74.30 or...