Reserve Bank of Australia Governor Michele Bullock said it is premature to think about interest rate cuts and the highest priority is to bring inflation sustainably towards the target. At the Anika Foundation, Bullock reiterated that the bank remains vigilant to upside risks to inflation and the monetary policy needs to remain sufficiently restrictive. If...
The Hong Kong stock market headed south again on Wednesday, one day after ending the two-day slide in which it had slumped more than 100 points or 0.6 percent. The Hang Seng Index now sits just above the 16,530-point plateau and it\'s looking at another soft start again on Thursday. The global forecast for the...
By Jaiveer Shekhawat (Reuters) -U.S. brokerage firm B. Riley said on Thursday it was exploring strategic options for some of its businesses, which could include a potential sale, sending its shares plunging 14% in extended trading. The company is seeking options for its appraisal and valuation services, retail, wholesale and industrial solutions businesses. It said...
JAKARTA. Nippon Shokubai Indonesia, a petrochemical company that has been investing in Indonesia since 1996, is preparing IDR 1.69 trillion for factory expansion in Cilegon. This news is disclosed by Rosan Roeslani, Minister of Investment/Head of Indonesia Investment Coordinating Board. In the release issued yesterday (12/9), Roeslani said that the fund will be allocated to...
JAKARTA – Jakarta Composite Stock Price Index (JCI) remained solid at the green zone while closing the first and entering the second session today (24/9) at 2.15 PM WIB. At the beginning, JCI was actually seen lower compared to afternoon session. Monitoring the board, JCI was at 7,778.91 while starting the second session today. It...
March has seen several web3 initiatives to recognize and spotlight women’s achievements in celebration of Women’s History Month. This annual observance, established in 1987, emphasizes the profound contributions women have made to society. Diversity Drives Web3 Growth Monica Talán, Founder and Contributor at Spanish-language web3 platform CryptoConexión, told Cryptonews that raising awareness for women in...
While reporting financial results for the third quarter on Wednesday, Performance Food Group Co. (PFGC) provided net sales guidance for the fourth quarter, below estimates. The company also trimmed its net sales guidance for the full-year 2024. For the fourth quarter, PFG expects net sales in a range of $15.0 billion to $15.4 billion. On...
The total number of building permits issued in New Zealand in July was up a seasonally adjusted 26.2 percent on month, Statistics New Zealand said on Friday - coming in at 3,352. That follows the downwardly revised 17.0 percent contraction in June (originally a 13.8 percent decline). Individually, consents were issued for 1,685 stand-alone houses,...
By Satoshi Sugiyama TOKYO (Reuters) - As Japan\'s big companies prepare to hand out their heftiest pay hikes in decades, trucking firm owner Ikuko Sakata feels like she inhabits a different reality. Despite facing some of the country\'s tightest labour markets and no shortage of demand, small delivery companies like Sakata\'s can barely afford to...
Adira Dinamika Multifinance Tbk (ADMF), a consumer financing company under PT Bank Danamon Indonesia Tbk (BDMN), plans to issue Shelf-Registration Bond VI Phase IV Year 2024 with total principal of IDR 2 trillion. Said security is a part of a more extensive public offering program of Shelf-Registration Bond VI of ADMF with total fund to...