JAKARTA – PT Terregra Asia Energy Tbk (TGRA), a renewable energy company, has revealed its business outlook for 2025 after suffering from four consecutive quarters of no revenue and mounting losses. TGRA reportedly plans to acquire six operational Minihydro Power Plants (PLTM) to generate revenue. The company’s management expects the acquisition to be completed by...
JAKARTA –On Monday, December 30, PT Indotambang Perkasa sold 2.27 billion shares of PT Astrindo Nusantara Infrastruktur Tbk (BIPI), making it thehighlight of the list of stock transactions by investors holding 5% or more shares. After selling the shares through PT Danatama Makmur Sekuritas, this investors stake instantly dropped from almost 23% to 19.39%. In...
Asian stocks fell in thin holiday trade on Tuesday. Volumes were light amid holidays in Japan and South Korea. South Korea was closed for New Years Eve holiday, while Japanese markets remain closed from Tuesday through Jan. 6. Markets in Australia, New Zealand, Singapore and Hong Kong all closed early on New Years Eve. The...
European stocks were moving lower in thin holiday trade on Tuesday, taking their cues from a sell-off on Wall Street overnight and weak cues from Asia. Major markets across Europe will be operating a half-day today, with bourses in Germany, Italy and Switzerland already closed. The economic data calendar for the day remains relatively light....
Indian shares recovered from early losses to end on a flat note Tuesday. The benchmark S&P/BSE Sensex ended the session down 109.12 points, or 0.14 percent, at 78,139.01 due to relentless FII selling on the years final trading day. The broader NSE Nifty index closed little changed with a negative bias at 23,644.80. The Sensex...
Indian billionaire Gautam Adanis conglomerate is exiting from its food FMCG joint venture, Adani Wilmar Ltd., with its Singaporean JV partner Wilmar International Ltd. in a deal, which is reportedly worth $2 billion. Shares of Adani Enterprises Limited or AEL dropped around 3 percent in Indian trading after it agreed to sell its entire 44...
Higher Canadian and U.S, futures, and fairly steady commodity prices point to a positive start on Bay Street on Tuesday, the final trading session of 2024. Worries about the outlook for interest rates, and concerns over tariff threats by U.S. President-elect Donald Trump may limit markets upside. Despite recovering from early lows, the Canadian market...
Billionaire Elon Musk has changed his name on his social media platform X, formerly Twitter, to Kekius Maximus. His profile picture has also been replaced with the popular meme Pepe the Frog, dressed up as a warrior holding a video game joystick. In a post on X, Musk said, Kekius Maximus will soon reach level...
The U.S. dollar advanced against its major counterparts in the New York session on Tuesday amid indications of a hawkish Federal Reserve heading into 2025. President-elect Donald Trumps policies could stoke inflation and alter the Feds monetary policy stance. Hawkish stance from the Fed and higher tariffs are expected to increase demand for the dollar....
The Canadian market looks on course to end the final session of 2024 on a positive note with stocks from communications, energy and materials sectors posting solid gains. Energy and materials stocks have moved higher on firm crude oil and bullion prices. The benchmark S&P/TSX Composite Index was up 117.90 points or nearly 0.5% at...