JAKARTA - PT Dima Investindo (DI) reportedly completed the acquisition of 55% of PT Miki Ojisan Indomitra (MOI) placed inPT Kurniamitra Duta Sentosa Tbk (KMDS) for IDR 184.8 billion last week (26/9). In the information disclosure quoted Monday (30/9), Hengky Wijaya, President Director of KMDS, said that the acquisition of 55% of the shares will...
U.K. stocks were marginally lower on Wednesday after official data showed the U.K. economy unexpectedly stagnated in July. Real gross domestic product showed nil growth for the second straight month as falls in production and construction was offset by an increase in services output, the Office for National Statistics reported. GDP was forecast to grow...
The U.S. dollar declined against its major counterparts in the New York session on Friday, despite data showing a higher-than-expected increase in producer prices in June. The Labor Department said its producer price index for final demand rose by 0.2 percent in June following a revised unchanged reading in May. Economists had expected producer prices...
The Commerce Department released a report on Wednesday showing a modest decrease in business inventories in the U.S. in the month of March. The report said business inventories edged by 0.1 percent in March after climbing by 0.3 percent in February. The dip matched economist estimates. The slight decrease by business inventories came as wholesale...
JAKARTA. The Indonesian Securities Rating Agency (Pefindo) has lowered the rating of PT PP Properti Tbk (PPRO) on Wednesday (16/10) to idSD (Selective Default) due to the status of default on its obligations. Apart from that, Pefindo also lowered the rating of Shelf Registration Bonds II Phase IV to idD. Previously, this debt security received...
The London Stock Exchange Group’s (LSEG) Parisian clearinghouse affiliate LCH SA announced Monday that it received regulatory approval to provide clearing services for Bitcoin derivatives. LCH SA will leverage its newly established service, LCH DigitalAssetClear, to provide clearing functions for relevant contracts. These contracts are traded on UK FCA-regulated digital asset derivatives trading venue GFO-X....
- European stock markets slipped lower Monday, starting a new week on a cautious note as investors awaited the release of a series of keenly-awaited inflation cues. At 03:05 ET (08:05 GMT), the DAX index in Germany traded 0.1% lower, the CAC 40 in France traded down 0.2% and the FTSE 100 in the U.K....
China’s Shandong Province has introduced a digital yuan loan program for entrepreneurs, a step towards integrating digital currency in regional business practices. According to Beijing Business Today, Shandong’s capital city Jinan recently facilitated a digital yuan entrepreneurial guarantee loan in the province and launched the online system “Ji Dan – Entrepreneurial Loan” to streamline access...
Max Howell, the founder of the decentralized technology protocol tea Protocol, sat down for a chat with Cryptonews’ Matt Zahab, to discuss his highly popular Homebrew system, as well as the much-anticipated tea Protocol. He talked about the massive importance of properly compensating developers to create and maintain open-source software so they can work on...
By Daina Beth Solomon and Alexander Villegas SANTIAGO (Reuters) - China\'s Tianqi Lithium Corp on Friday urged Chile\'s SQM to hold a shareholders vote over a lithium deal under discussion with state-run copper miner Codelco, and criticized a lack of clarity in the negotiations. Tianqi holds about a 20% stake in SQM, which is ironing...