German stocks opened higher on Monday as investors digested upbeat earnings and looked ahead to key inflation readings in Germany and the United States due later in the week. The benchmark DAX was up 231 points, or 1.20 percent, at 19,446 after declining 0.8 percent on Friday. Automotive and industrial supplier Continental AG jumped nearly...
Canadian shares may open higher on Monday, tracking positive lead from European markets. However, weak crude oil and metal prices may weigh and limit markets upside. With a slew of key economic data due later in the week, the mood is likely to remain cautious. The dollar hovers near four-month peak versus major peers on...
The Canadian market is notably higher in late morning trade on Monday with investors continuing to react positively to Donald Trumps win in the U.S. Presidential Election. Stocks from technology, financials and utilities sectors are contributing significantly to the climb up north. to benefit from the upward momentum generated in reaction to former President Donald...
The South Korea stock market has finished lower in back-to-back sessions, slumping more than 1.30 points or 1.2 percent along the way. The KOSPI now sits just above the 2,530-point plateau although it may find support on Tuesday. The global forecast for the Asian markets is positive, mostly on inertia following the U.S. election. The...
After opening slightly up and rising further Monday morning, the Canadian market turned a bit sluggish and then kept paring gains as the day progressed before finally settling with a marginal gain. Donald Trumps win in the U.S. presidential election continued to aid sentiment and contributed to markets early gains. However, with a slew of...
JAKARTA – The State Ministry of State-Owned Enterprise (SOE) has appointed Simon Aloysius Mantiri as President Director of PT Pertamina (Persero), replacing Nicke Widyawati. Prior to this, Mantiri used to be the President Commissioner of Pertamina. Vice President Corporate Communication of Pertamina then mentioned that the appointment and termination of President Director and the Board...
JAKARTA – Loan and financing distribution ofPT Bank Rakyat Indonesia (Persero) Tbk (BBRI) reportedly grew 8.2% year-on-year (yoy) to IDR 1.35 quadrillion as of September (9M) 2024 from IDR 1.25 quadrillion in 9M 2023. Non-performing loan (NPL) also shrank below 3%. Quoted from Financial Update of BRI today (4/11), the credit structure until Q3 2024...
JAKARTA - This November, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), a state-owned bank, is the first issuer to settle its bond debt. Obligasi Berkelanjutan III Bank BRI Tahap I Tahun 2019 Seri C, worth an incredible IDR 2.17 trillion, will be paid to investors by BRI on November 7. Additionally, this marks the biggest...
JAKARTA - The Central Statistics Agency (BPS) recorded inflation in October 2024 at 1.71%, lower than October 2024 at 2.56%. In the last three years, this inflation achievement is lower than inflation in October 2022 at around 5.71%. Based on BPS data quoted Monday (4/11), annual inflation was contributed by a number of expenditure groups,...
JAKARTA – PT Trinitan Green Energy Minerals (TGEM) has decided to sell the shares of its subsidiary, PT Hydortech Metal Indonesia (HMI), in PT Gostal Nickel Indonesia (GNI) to TGEM Pt Ltd Singapore for IDR 15.70 billion last week (31/10). For the record, TGEM is a subsidiary ofPT Trinitan Metals and Minerals Tbk (PURE). In...