JAKARTA -PT Petrosea Tbk (PTRO) will initiate a stock split with a ratio set to 1:10, meaning one old share will be split into 10 shares with new value. This corporate action will then be asked for approval during Extraordinary General Meeting of Shareholders on December 16. In the prospectus quoted Thursday (7/110, the number...
JAKARTA – Central Bank of the United States of America or the Fed announced the interest-rate cut of 25 bps to 4.5%-4.75% on Thursday (7/11). This rate cut is expected to boost maximum support for workforce, thus restoring inflation to the targeted 2%. Based on the press release of the Fed quoted Friday (8/11), Federal...
After yesterdays consumer price inflation data matched expectations, the Labor Department released a separate report on Thursday showing producer prices in the U.S. also increased in line with economist estimates in the month of October. The Labor Department said its producer price index for final demand rose by 0.2 percent in October following a revised...
After yesterdays consumer price inflation data matched expectations, the Labor Department released a separate report on Thursday showing producer prices in the U.S. also increased in line with economist estimates in the month of October. The Labor Department said its producer price index for final demand rose by 0.2 percent in October following a revised...
First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 217,000, a decrease of 4,000 from the previous weeks unrevised level of 221,000. Economists had expected jobless claims to inch up...
The U.S. dollar pulled back against its most major counterparts in the New York session on Thursday. The greenback retreated to 1.0576 against the euro, 1.2711 against the pound and 0.8869 against the franc, from an early more than 1-year high of 1.0495, more than 4-month high of 1.2629 and near a 4-month high of...
The manufacturing sector in New Zealand continued to contract in October, and at a faster pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 45.8. Thats down from the upwardly revised 47/0 in September (originally 46.9) and it moves further beneath the boom-or-bust line of 50 that separates expansion...
Japan will on Friday release preliminary Q3 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to add 0.2 percent on quarter and 2.5 percent on year after rising 0.7 percent on quarter and 2.9 percent on year in the three months prior. South Korea will provide October...
The South Korea stock market on Thursday snapped the four-day losing streak in which it had plunged almost 250 points or 5.8 percent. The KOSPI now sits just beneath the 2,420-point plateau although it may head south again on Friday. The global forecast for the Asian markets is soft on concerns over the outlook for...
The Canadian market settled higher on Thursday with the benchmark S&P/TSX Composite Index moving on to a new record high, riding on strong gains in the energy sector. In addition to reacting to a slew of earnings updates, investors also digested a mixed batch of economic data from the U.S. Profit taking in technology stocks...